Boat Insurance

Provides up to $10 million to pay compensation for death or injury to other people, or damage to their property. For example, if someone's injured falling over on your boat, which you’re held legally liable for, we cover money paid to the victim as compensation including all associated legal costs up to $10 million.

If you’re legally liable for the costs of salvaging or removing your stranded, sunk or burnt boat, we’ll pay the reasonable costs including legal fees that we’ve agreed to pay, up to $10 million, to salvage and remove it.

Gives automatic third party insurance for a substitute boat provided to you for up to 14 days when yours is with a repairer.

Covers costs to deal with accidental pollution from your boat that you’re found legally liable for, up to $250,000, including legal costs.

If your boat suffers loss or damage and you or the operator of your boat is killed we’ll pay $5,000 to the executor of one person’s estate.

When your boat needs to be repaired, we pay the reasonable costs, up to $1,000, of towing your boat by road, to the nearest place of safety or repair.

We’ll pay up to $5,000 for emergency expenses e.g. if the outboard motor on your boat has struck a log and won’t operate. This covers things like towing, securing, scuttling or sinking your boat if legally required.

If you’re stranded after your boat is lost or damaged and unable to get home, we’ll pay reasonable and necessary travel costs to get you home or to pick up your boat after repairs.

If your boat hull, motor or trailer is a write off and is less than 2 years old, we’ll pay the costs to replace it with a new one of the same, or similar, model or specification.

If you and your boat are lost and missing we pay the search and rescue fees, up to $5,000, charged by a government maritime rescue service or organisation. It doesn’t include ambulance or medical costs.

We’ll pay up to $5,000 for boat contents, owned by you and your family, when they’re on your boat or locked in a fully enclosed room, shed, garage or vehicle. Boat contents includes things like:

• portable fuel tanks (excluding fuel), barbecues and gas bottles
• clothing, bedding, unfixed furniture, cooking appliances and portable refrigeration
• fishing rods and tackle, diving equipment and water-skiing gear (when not in use)
• maps, charts, tide and weather guides.

It doesn’t include personal belongings like jewellery, mobile phones, laptops or cameras.

When your boat has run aground, even if no loss or damage has occurred to your boat, we’ll pay reasonable costs up to $1,000 to inspect your boat hull.

Your boat hull and motor will be covered if you suffer accidental loss or damage as a result of sinking.

You’ll be covered if you become stranded at sea or your boat runs aground providing it was accidental and not deliberate.

If you’re involved in a collision with a boat or object you’ll be covered for loss and damage to your boat hull, motor and trailer so long as it wasn’t a deliberate act.

We cover you for accidental loss or damage caused by a storm providing you’ve had your policy for 72 hours, started the policy on the same day you bought the boat, or started the policy when your previous cover expired.

Your boat, including the hull, motor and trailer, will be covered if damaged or destroyed in a fire providing the fire was not a deliberate act caused by you, a member of your family, owner, operator or person acting with your consent.

We cover theft as long as you took the minimum safety precautions to prevent it happening. This includes things like storing your boat in a fully enclosed garage for your personal use and using an anti-theft device on the trailer when in the open air.

We cover damage that occurred maliciously, with intent, as opposed to by accident. For example, graffiti or vandals damaging your boat.

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.

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.

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.

Add this on for comprehensive cover even when competing in a sailing race of up to 100 nautical miles.