Comprehensive Boat Insurance

What's in it for you?

With GIO Boat Insurance, we understand boating mishaps don’t just happen at sea. That’s why we provide cover in and out of the water.  Boats we insure include:  power boat, ski boat, cruiser, yacht or trailer sailer.

• We offer protection for your hull, accessories and
  equipment, boat contents, sails, motors and boat trailer
• 2 year new boat replacement cover if we declare your
  boat a total loss¹
• Maritime Rescue expenses up to $5,000²
• Legal liability cover up to $10 million for damage caused
  by your boat
• Choice of one annual payment or Pay by the Month (fee applies)
• 24 hour claims service

Download policy document 
 

Boat accessories and equipment

• Automatic over
  Cover up to $2,000 per item, with a maximum of 5% of the hull
  sum insured for all items³
• For more cover
  Ask us to increase cover by listing the item on your policy with a
  separate sum insured
• Accessories include:
  Boat canopies & storm covers, paddles, batteries, mandatory
  safety equipment and portable fuel tanks
• Equipment include:
  Depth sounder, marine radio/transceiver, navigation equipment
  and fish finders.

Boat contents

• Automatic over
  Cover up to $250 per item, with a maximum of 5% of the hull sum
  insured for all items³
• For more cover
  Ask us to increase cover by listing the item on your policy with a
  separate sum insured
• Contents we cover:
  Portable refrigerator, microwave oven, television, glassware,
  crockery, cutlery, cooking utensils, portable household goods,
  clothing, appliances and fishing, diving & water-skiing gear.

Optional Covers

Pick and choose from GIO’s optional covers. Depending on your circumstances, you may be able to include:

•  Waters skiers liability when your boat is towing a water skier
•  Racing cover for sailing boats participating in races
• Lay-up period helps you reduce your premium if you don’t use
  your boat for parts of the year and it is stored at your home during
  this time. Nominate a lay-up period with restricted cover for up to 6
  months a year.

Ways to save

GIO is committed to giving you the best deal for your Comprehensive Boat Insurance. We offer a great range of discounts and ways to reduce your premium including:

• Save up to 20% on your premium with our No Claims Discount
• A 5% Multi-Policy discount if you hold 3 or more eligible policies
  with GIO. Find out more
• A 10% discount as a Seniors card holder
• Reduce your premium by restricting your cover when your boat
  is at home and not being used with our Lay-up period option
• Reduce your premium by choosing a higher excess within the
  range we offer

Insurance is issued by GIO General Ltd ABN 22 002 861 583. Please read and consider the relevant Product Disclosure Statement for Boat Insurance before you make any decisions about this product

¹ If your boat is a total loss and is less than 2 years old, we’ll replace it with a new one of the same or similar make, model and specifications.

² When you and your boat are lost or reported missing

³ This amount is not paid in addition to the sum insured or market value.