Compare Boat Insurance
To help you with your decision, we’ve summarised the features and options for our Comprehensive and Third Party Boat Insurance in the comparison table below.
What’s included?
Cover for accidental loss or damage to your boat from events such as storms, sinking, stranding and collision (geographical limits apply)#
New boat hull, boat motor(s) or boat trailer after a write off if they are less than 2 years old
Plus, you can add on these optional covers
Customise your Cover
Flexible payment options
Pay by the month or annually – whichever suits you best.
Voluntary excess options
With our Comprehensive Boat Insurance, you can reduce your premium by choosing a higher excess.
Want to know more?
This is just a summary, for full details of what is and isn't covered please refer to the Boat Insurance Product Disclosure Statement (PDS). The Target Market Determination is also available.
Comprehensive Cover
Cover for the big things – such as the theft of your boat, or accidental loss or damage due to things like fire, storms and sinking. Plus, we offer other benefits like up to $5,000 contents cover automatically included.
Third Party Cover
Cover for your legal liability for loss or damage to someone else’s property caused by your boat.
Total Loss
If your boat hull, boat motor(s) or boat trailer is less than 2 years old and is stolen or damaged in an incident covered by your policy in the period of insurance and accepted as a total loss, we will replace with a new one of the same manufacturer, of the same or similar model, similar specification or the nearest possible match to your boat hull, boat motor(s) or boat trailer(s).
Total Loss: If your boat hull, boat motor(s) or boat trailer is stolen and unrecovered after 14 days or it's uneconomical, impractical or unsafe to repair damage. We call this a 'total loss' in the PDS.
Cover included for boat contents
We’ll include cover for your boat’s contents. We’ll pay up to $1,000 for an EPIRB, VHF or HF radio, up to $500 for any other boat contents item, and up to the limit of the included cover for contents for any one incident covered by your policy. Some items, such as mobile phones, food and sunglasses, are not covered. Please see the PDS for a complete list of limits and inclusions.
Third Party Liability
Up to $10 million cover for death or bodily injury to other people or damage to their property caused by your boat. A lower limit applies to pollution liability.
Salvage and removal costs
Up to $10 million cover when you are responsible for the salvage and removal costs when your boat is stranded, sunk or burnt.
Pollution by oil, fuel or waste following an incident
Up to $250,000 liability cover for pollution from oil, fuel or waste following an incident.
Substitute boat
Automatic third party cover when you’ve borrowed a boat because yours has been lost, stolen or destroyed in an incident or is with a repairer up to 14 days.
Fatal injury
Up to $5,000 when you or the operator of your boat are fatally injured in an incident that caused loss or damage to your boat.
Emergency expenses
Up to $5,000 toward emergency expenses when your boat is damaged in an incident covered by your policy and emergency actions are necessary. For example, an outboard motor on the boat has struck a log and the boat needs to be towed.
Rescue expenses
Up to $5,000 for Maritime Rescue expenses when you and your boat are lost and missing.
Emergency travel costs
Up to $500 to get you back to your usual place of residence after your boat has been lost or damaged or to pick up your boat after it has been repaired.
Road towing costs
Up to $1,000 to tow your boat by road to the nearest place of safety or repair if it has been damaged in an incident covered by your policy.
Inspection of hull after running aground
Up to $1,000 for the inspection of your hull after running aground in an incident that’s covered as part of your insurance.
Replacing your boat
If you replace your boat while you’re insured with us, we’ll cover the new one for 14 days, and may insure it for longer at our discretion. Speak to us to find out your options
Waters-skier’s liability
Up to $10 million liability cover for accidents that happen during water skiing activities.
Cover for sailing boats when racing
Cover for when you race up to 100 nautical miles.
Lay-up period
If you don’t use your boat during parts of the year, you can lower your premium by reducing your cover. Talk to us to find out more.
Optional: Additional cover for boat contents
If the total amount covered by your boat contents isn't enough, simply ask us about increasing it for an extra premium.
# We do not insure you for bushfire, storm, flood or tsunami in the first 72 hours of your policy. Very limited exceptions apply.
