- 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
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 damageCover for accidental loss or damage
Flexible repayment frequencyFortnightly, monthly or annual payments available at no extra cost
Marine accessoriesCover (up to $1,000) for accessories, tools, fishing equipment and contents if lost or damaged on board
Coverage for up to 200 nautical miles offshoreAccidental loss or damage, fire, theft or attempted theft on land, in transit, or afloat within 200 nautical miles of the Australian coastline
Personal accident coverPersonal accident cover in certain circumstances
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
TowingIf 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 homeThe 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 accessoriesAccessories, tools, fishing equipment and contents (up to $1,000) if lost or damaged on board
Replacement of keysCosts towards replacing keys, if stolen or destroyed by fire
Inspecting damage to hullCost of inspecting damage to hull if stranded
Food spoilageFood spoilage (up to $500) following accidental damage or loss
Travel costsTravel 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 equipmentIf 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 workCover for voluntary rescue work
Social yacht racingCover 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 trialsCover 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 insuredAgreed value sum insured option available if eligible or requirements met
Water skiers or aquaplaning liability extension coverWater 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.