A self-healing coating includes a polymer matrix, a polymerizer, and a set of capsules containing a corresponding activator for the polymerizer. The polymerizer may be present in another set of capsules, or the polymerizer may be phase separated from the polymer matrix. The coating may be prepared by depositing a coating composition on a substrate and solidifying the coating composition, where the coating composition includes the polymerizer, the activator capsules and a matrix precursor. A combination of polymerizer capsules and activator capsules may be part of a kit, which may be used to provide self-healing properties to a coating. The polymerizer and the activator may be wet-curable, and coatings containing the polymerizer and activator may be able to self-heal when in contact with water.