High-value residences may include art collections, wine cellars, silverware, or jewelry. For certain special collections, Vanessa Lajeunesse, a broker at Covalen, uses coverage offered by AXA Art, which specializes in works of art. Otherwise, the needs of clients in this market are largely protected by coverage offered by high-value insurers. “The big players offer this type of protection, which is called specialized property coverage.”

Specialized managing general agents will be called upon when their rates are significantly more advantageous, she adds. 

Lajeunesse estimates that she has to use a specialized MGA in 10% of cases to cover property whose value exceeds the limits offered by high-value insurers.

The products offered by major insurers have limitations, adds Dominique Duquette, a broker at HUB International. She also cites the example of AXA Art for insuring high-value collections. “High-value insurers can cover the residence, but you need this other insurer to protect the collection.” A professional appraisal is required to establish the value of the most precious items.

Marie-Pier Renaud, a broker at BFL Canada. says she does not use the services of MGAs specializing in collectibles. “But that's one of the solutions available to brokers,” she says.

A separate offering  

Other MGAs offer special coverage to clients who own high-value property. The Insurance Portal has compiled a comparison of offerings from MGAs CHES Special Risk, Pure Insurance, and Special Risk Insurance Managers.

In the case of Pure, its coverage has only been available in the Ontario market since September 2025. In an email sent in early October, the spokesperson did not specify to Insurance Portal when brokers in other provinces would be able to submit files to the MGA.

“Before we expand geographically, we'll be launching automobile coverage,” said Kristin Piccini, Vice President, Marketing Communications. The date has not yet been determined, she added, but it should happen in the first half of 2026.

*Data compilation: Jean-Alexandre Doyon.

This article is a Magazine Supplement of the December 2025 issue of the Insurance Journal.