Key benefits

Up to $1,000 worth of cover for marine accessories, tools or contents you take with you
New-for-old replacement if your boat was purchased new, is less than two years old (from the date of first registration) and is a total loss
Cover for up to 200 nautical miles offshore

Product overview

We’ll help keep your boat afloat.

Whether you’re on or off the water, your boat needs protection. Teaming up with CGU, we’ll have you covered so you can get on with enjoying the moment.

Get the right cover for how you use your boat and only pay for the protection you need. Options are available for sailing, motorised water sports (including water skiing) and racing.

Cover is for private use only.

With our boat insurance policy you can enjoy:
  • Accidental loss or damage

    Cover for accidental loss or damage
  • Flexible repayment frequency

    Fortnightly, monthly or annual payments available at no extra cost
  • Marine accessories

    Cover (up to $1,000) for accessories, tools, fishing equipment and contents if lost or damaged on board

Cover includes:

  • Coverage for up to 200 nautical miles offshore

    Accidental loss or damage, fire, theft or attempted theft on land, in transit, or afloat within 200 nautical miles of the Australian coastline
  • Personal accident cover

    Personal accident cover in certain circumstances
  • New-for-old replacement

    New-for-old replacement if your boat was purchased new, is less than two years old (from the date of first registration) and is a total loss

  • Towing

    If the boat is damaged, we'll pay the cost of moving or towing the boat to the nearest repairer or other place that we agree to
  • Returning your boat to your home

    The cost (up to $500) of returning your boat to your home if it's damaged beyond use (providing the accident happened more than 100km from home)
  • Marine accessories

    Accessories, tools, fishing equipment and contents (up to $1,000) if lost or damaged on board
  • Replacement of keys

    Costs towards replacing keys, if stolen or destroyed by fire
  • Inspecting damage to hull

    Cost of inspecting damage to hull if stranded
  • Food spoilage

    Food spoilage (up to $500) following accidental damage or loss
  • Travel costs

    Travel costs (up to $1,000) following accidental damage to or loss of the boat and where the boat cannot be used to live on for a period of three (3) days or more
  • Personal property on board

    Personal property on board (up to $1,500) that is accidentally damaged or lost.

  • Electrical equipment

    If the motor of the boat is submerged and then recovered, we'll cover the reasonable costs to dismantle, clean and oil motor, and dry electrical equipment and instruments
  • Voluntary rescue work

    Cover for voluntary rescue work
  • Social yacht racing

    Cover for social yacht racing (providing the race is less than 50 nautical miles, organised by a club or association and doesn’t involve spinnakers)
  • Power boat time trials

    Cover for power boat time trials (maximum speed of 25 knots and under control/regulation of the Power Boat Association)

Optional additional cover

  • Agreed value sum insured

    Agreed value sum insured option available if eligible or requirements met
  • Water skiers or aquaplaning liability extension cover

    Water skiers or aquaplaning liability extension cover is available. It covers accidental damage to property or personal injury arising from any person being towed on water by the boat or substitute boat
  • Racing risk cover

    Yacht racing risk extension cover is available and covers accidental loss or damage to sails, masts, spars or rigging of the boat, sails or protective covers caused by the wind when the boat is within the following navigational limits:

      • Moored boats - within 200 nautical miles of the boat's home port, or
      • Trailer boats - within 200 nautical miles of the place where the boat was last launched and within Australian territorial waters

     

Policy conditions, limitations and exclusions apply to all cover types.

Ready to get a quote?

Get a quote by calling 13 11 82 or visiting your nearest branch.

Need to make an insurance claim?

Call the dedicated 24-hour claims hotline on 13 24 80.

Insurance you can trust

We're backed by CGU, one of Australia's most trusted insurers, with more than 165 years of experience.

    Talk to us about your insurance needs today!