Provides up to $10 million cover when your boat is towing a person or object for water skiing. Includes cover for injury and death to people and damage caused to property.
Compare types of cover
Choose between two levels of cover and find the right Boat Insurance to best suit your needs.
OPTIONAL COVER
Optional Covers you can add to Comprehensive Boat Insurance
Not available for Third Party Boat Insurance
Water-skier’s liability
Lay-up period
If your boat’s not in use all year, you’ll pay a reduced premium during the nominated months and we’ll reduce your cover to theft and accidental loss or damage.
Additional cover for boat contents
Cover for accidental loss and damage, including theft, of your boat’s contents whether they’re on your boat or in a locked space like a garage or vehicle.
Cover for sailing boats when racing
Add this on for comprehensive cover even when competing in a sailing race of up to 100 nautical miles.
WHY GIO
Know with GIO
24/7 Claims
Est. in 1927
We’ve been a trusted insurer for over 95 years
No excess
If the operator of your boat didn't contribute to the accident (this means that the other operator was entirely at fault), we'll waive the excess if you provide the at fault operator’s or driver’s name, address, and vehicle registration number or boat identification details.
BOAT
Ways to save
10% multi-policy discount*^
You'll be eligible for a 10% multi-policy discount if you hold three or more eligible policies with us. These include Home Building, Contents, Landlord, Car, Motorcycle, Caravan or Boat Insurance. A GIO NSW CTP Insurance policy or GIO ACT MAI Insurance policy will count as an eligible policy, but the premium for these policies cannot be discounted. View T&Cs
No claim bonus
A no claim bonus is a discount that rewards you for your good claims history. For every year that you don't make an excess payable claim, we'll give you a discount on next year's premium up to a maximum of 25%.
Increase your excess
You’re in control of how much you pay or save when you buy or renew your insurance premium. With a range of excess options to choose from, the more you increase your excess the lower your premium will be.
Frequently Asked Questions
GIO Boat Insurance is designed for owners of trailered boats who use their boat for private use only. Private use - using your boat wholly for personal pleasure or recreational sporting activities and not used for hire, charter or fee or any income earning activity.
If you’ve added the optional 'Cover for sailing boats when racing' (available to add on to Comprehensive Boat Insurance for an additional cost), then yes, we’ll provide cover for your sailing boat while it is participating in a race, up to 100 nautical miles in total distance travelled. However, we don’t cover power boats when racing.
We don’t cover the cost of fixing a mechanical breakdown (including seizing or overheating) of your boat motor.
If you’ve purchased the optional ‘Lay-up period’ extra on top of your Comprehensive Boat Insurance, then your boat will be covered for up to 6 months when not in use.
Contents that we cover are items owned by you and your family that are on your boat or locked in a fully enclosed room, shed, garage or vehicle (if you have Comprehensive Boat Insurance or have selected ‘additional cover for boat contents’).
Yes – 60 knots or your boat’s maximum design speed, whichever is less.
Looking for more detail? Any advice has been prepared without taking into account your particular objectives, financial situation or needs, so you should consider whether it is appropriate for you before acting on it. Please read the relevant Product Disclosure Statement before you make any decision regarding this product. The Target Market Determination is also available.
Important Information
If you are eligible for more than one discount, we apply any subsequent discount to the already discounted rated premium (usually before adding taxes and charges). Discounts are subject to change without notice. Any discount given will be shown on your certificate of insurance.
*Discount not applicable to Roadside Assist optional cover.
^Discounts not applicable to GIO Home Assist, Excess-free Glass or Domestic Workers Compensation optional covers.
Water-skier’s liability
Provides up to $10 million cover when your boat is towing a person or object for water skiing. Includes cover for injury and death to people and damage caused to property.
Lay-up period
If your boat’s not in use all year, you’ll pay a reduced premium during the nominated months and we’ll reduce your cover to theft and accidental loss or damage.
Additional cover for boat contents
Cover for accidental loss and damage, including theft, of your boat’s contents whether they’re on your boat or in a locked space like a garage or vehicle.
Cover for sailing boats when racing
Add this on for comprehensive cover even when competing in a sailing race of up to 100 nautical miles.
Increase your excess
You’re in control of how much you pay or save when you buy or renew your insurance premium. With a range of excess options to choose from, the more you increase your excess the lower your premium will be.
10% multi-policy discount*^
You'll be eligible for a 10% multi-policy discount if you hold three or more eligible policies with us. These include Home Building, Contents, Landlord, Car, Motorcycle, Caravan or Boat Insurance. A GIO NSW CTP Insurance policy or GIO ACT MAI Insurance policy will count as an eligible policy, but the premium for these policies cannot be discounted. View T&Cs
No claim bonus
A no claim bonus is a discount that rewards you for your good claims history. For every year that you don't make an excess payable claim, we'll give you a discount on next year's premium up to a maximum of 25%.