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.