What boats do you cover?

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. We provide cover for a range of boats including power boats, ski boats, cruisers, trailer sailors and sailing dinghies. We don't cover boats that are normally moored and boats used for any business or commercial activity.

Am I covered if my motor breaks down?

We don’t cover the cost of fixing a mechanical breakdown (including seizing or overheating) of your boat motor. However, if you have Comprehensive cover, we'll provide cover for your boat motor if it’s damaged as a result of fire (including bushfire), impact, malicious damage, sinking or grounding. Refer to the PDS for more info on what we cover and don't cover.

How does lay-up cover work?

If you've added the optional 'Lay-up period' cover (available to add on to Comprehensive Boat Insurance for an additional cost), your boat will be covered for up to 6 months when not in use, for example in winter. Your premium (the amount you pay for your insurance) will be reduced and during this time you're only covered for theft and accidental damage that happens when your boat’s at home, in secure commercial storage, in transit to a repairer after we’ve approved a claim, or going to be serviced. LEARN MORE ABOUT BOAT INSURANCE

What counts as ‘contents’?

Contents that we cover are items owned by you and your family when they're on your boat or locked in a fully enclosed room, shed, garage or vehicle (if you have Comprehensive Boat Insurance or have selected the option for ‘additional cover for boat contents'). Contents include 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. LEARN MORE ABOUT BOAT INSURANCE

Is there a speed limit attached to this insurance?

Yes. You aren't covered when your boat is exceeding 60 knots or its maximum design speed, whichever is less. LEARN MORE ABOUT BOAT INSURANCE

Boat Insurance FAQs

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.