Boat Insurance

Protect your boat on and off the water

What's included

Accidental damage

We cover your boat for loss or damage caused by accidental damage, up to your agreed value.

We cover your boat for loss or damage caused by accidental damage, up to your agreed value.

Collision or crash

We cover your boat for loss or damage caused by a collision or crash, up to your agreed value.

We cover your boat for loss or damage caused by a collision or crash, up to your agreed value.

Fire, storm and flood

We cover your boat for loss or damage caused by a fire, storm or flood, up to your agreed value.

We cover your boat for loss or damage caused by a fire, storm or flood, up to your agreed value.

Earthquake, explosion and tsunami

We cover your boat for loss or damage caused by an earthquake, explosion or tsunami, up to your agreed value.

We cover your boat for loss or damage caused by an earthquake, explosion or tsunami, up to your agreed value.

Theft or attempted theft

We cover your boat for loss or damage caused by theft or attempted theft, up to your agreed value.

We cover your boat for loss or damage caused by theft or attempted theft, up to your agreed value.

Vandalism or a malicious act

We cover your boat for loss or damage caused by vandalism or a malicious act, up to your agreed value.

We cover your boat for loss or damage caused by vandalism or a malicious act, up to your agreed value.

Emergency expenses

We pay up to $5,000 if an incident we cover causes loss or damage to your boat and you need to arrange emergency repairs or get back to land as a result. We pay any towing and sinking costs on top of your agreed value.

We pay up to $5,000 if an incident we cover causes loss or damage to your boat and you need to arrange emergency repairs or get back to land as a result. We pay any towing and sinking costs on top of your agreed value.

Rescue services

We cover up to $5,000 in costs for a maritime rescue service to search for or rescue anyone using your boat, and your boat, if they're lost or reported missing. We pay this on top of your agreed value.

We cover up to $5,000 in costs for a maritime rescue service to search for or rescue anyone using your boat, and your boat, if they're lost or reported missing. We pay this on top of your agreed value.

Salvage and storage costs

We cover the reasonable cost to move and store your boat if an incident we cover causes loss or damage to your boat and it sinks or is stranded on water, or it needs transporting to a storage or holding facility. We pay this on top of your agreed value.

We cover the reasonable cost to move and store your boat if an incident we cover causes loss or damage to your boat and it sinks or is stranded on water, or it needs transporting to a storage or holding facility. We pay this on top of your agreed value.

Clean up costs

We cover up to $250,000 in clean up costs you're liable for, if your boat releases debris or liquid as a result of an incident we cover. We pay this on top of your agreed value.

We cover up to $250,000 in clean up costs you're liable for, if your boat releases debris or liquid as a result of an incident we cover. We pay this on top of your agreed value.

Funeral expenses

We pay up to $10,000 towards funeral expenses if you or a family member passes away within 90 days as a result of an incident we cover. We pay this on top of your agreed value.

We pay up to $10,000 towards funeral expenses if you or a family member passes away within 90 days as a result of an incident we cover. We pay this on top of your agreed value.

Hull inspection

If an incident we cover happens and you need to check if there's loss or damage to your hull, we'll pay up to $1,000 for an inspection.

If an incident we cover happens and you need to check if there's loss or damage to your hull, we'll pay up to $1,000 for an inspection.

Towing on land

If an incident we cover causes loss or damage to your boat and it's unsafe for you to tow, we'll pay up to $750 to take your boat to a repairer or a safe place. This is paid on top of your agreed value.

If an incident we cover causes loss or damage to your boat and it's unsafe for you to tow, we'll pay up to $750 to take your boat to a repairer or a safe place. This is paid on top of your agreed value.

Liability cover

We cover up to $10 million for the liability of you or anyone with permission to control your boat, if its use causes property damage, death or injury to another person.

We cover up to $10 million for the liability of you or anyone with permission to control your boat, if its use causes property damage, death or injury to another person.

See more

Optional benefits

Add these when you get a quote

Personal contents

Add an option to cover your contents by nominating any amount up to $10,000, if your boat has a lockable cabin or compartment.

Add an option to cover your contents by nominating any amount up to $10,000, if your boat has a lockable cabin or compartment.

Lay up cover

Add an option to reduce your premium by choosing lay up cover for up to 6 months while you're not using it.

Add an option to reduce your premium by choosing lay up cover for up to 6 months while you're not using it.

Sailboat racing

Add an option to cover your sailboat when you're racing it in certain events, such as a contest or trial.

Add an option to cover your sailboat when you're racing it in certain events, such as a contest or trial.

Liability cover for water skiing and floatation devices

Add an option to extend your liability cover to include cover for when your boat is towing a waterskier or a person on a floatation device.

Add an option to extend your liability cover to include cover for when your boat is towing a waterskier or a person on a floatation device.


Not included

There are some things we don’t cover

Exclusions

There are specific limits, exclusions, and conditions that apply to some parts of your cover. For the full list of general exclusions, please refer to the Product Disclosure Statement (PDS).

There are specific limits, exclusions, and conditions that apply to some parts of your cover. For the full list of general exclusions, please refer to the Product Disclosure Statement (PDS).


Policy booklets

For full details including limits, conditions and exclusions, read these policy documents

Looking to cover your car too?

We have over 90 years’ experience helping Australians protect the things they care about

You could save on your premium with a Loyalty Discount1 and No Claim Bonus2

Ready to insure your boat? You can get a quote online

You can make a claim 24/7 by calling us on 1300 317 526

Have a Boat Insurance question? We can help

We cover the following types of boats:

  • Runabouts
  • Sailboats (single hull and catamarans)
  • Cuddy cabins (half cabins)
  • Kayaks and canoes
  • Cruisers
  • Dinghies
  • Ski boats
  • House boats

We cover any permanent fixtures and fittings that are permanently attached to your boat. For example, winches, a fixed fridge, fixed fishing rod holders and any GPS or fish finder that's permanently wired in.

We also cover your boat's motor fixtures, including controls, propellers and fuel tanks.

For more information, please refer to the Product Disclosure Statement (PDS).

We cover the equipment you legally need to carry on your boat (which varies based on the size of your boat). This might include:

  • Anchors and lines
  • Bailing bucket
  • Bilge pump
  • Buoyancy vests
  • Compasses and maps
  • Distress flares
  • Distress 'V' sheets
  • Emergency Position Indicating Radio Beacon (EPIRB)
  • Fire extinguishers
  • Lifebuoys
  • Marine two-way radios
  • Oars or paddles
  • Personal Floatation Devices (PFDs)
  • Waterproof torch.

You can find out more details about the safety equipment requirements for most boats in the relevant Waterways handbooks.

If you change the address where you usually keep your boat or if you moor your boat during your policy period, please call us on 132 132.

If your boat has a lockable cabin or compartment, you can choose to cover your contents for an amount up to $10,000. The contents we cover with this option are:

  • Clothing and personal belongings
  • Household items and appliances
  • Navigation equipment
  • Diving equipment
  • Fishing equipment
  • Waterskiing equipment.

For more information about optional contents cover, please refer to the Product Disclosure Statement (PDS).

With lay up cover, you can reduce your premium and the cover we provide up to 6 months while you're not using it.

We still cover your boat in the lay up period you nominate. Although, you can't use your boat in that time and you must keep it on a trailer or dry stored at the address shown on your policy.

We also cover your boat in the lay up period if you're taking your boat for a scheduled service or to be repaired by a marine mechanic or repairer.

If you want to use your boat during the lay up period, we'll only cover it if:

  • You tell us you're going to use it
  • We agree to cover you for that use, and
  • You pay us any additional premium that applies.

The types of excesses that may apply if you make a claim are:

  • Basic
  • Age
  • Racing
  • Special, for example owner or operator history or boat type.

For more information about excesses, please read our Premium, Excess and Discounts Guide (PED).

What we insure as a boat

The frame or body of your boat, the deck, cabin and permanent fixtures or fittings attached to your boat.

A device that propels or powers your boat through the water. This includes fixtures like controls, propellers and fuel tanks.

The masts, spars and rigging support and assist a sailing boat to propel it through the water. The value of these items is included in the agreed value for the hull.

A small boat you only use to get to or from your boat. You usually tow it behind or carry it on your boat.

The most we pay for loss or damage to your boat tender, including its motor, is $2,000 as part of your agreed value.

A device that’s designed to carry your boat and be towed behind a vehicle.

The equipment and accessories we cover as part of your boat are:

  • Equipment you legally need to carry (like fire extinguishers and life jackets)
  • Tools you permanently keep on your boat for emergencies and maintenance (including spare parts)

Protective covers and canopies (including biminis) specifically designed for your type of boat.

Things you should know

  1. Any applicable discounts may be subject to minimum premiums. Discounts only apply until a minimum premium is reached. When we determine your premium on renewal, we may also limit any increases or decreases in your premium by considering factors such as your previous year’s premium amount. You may not save more with more eligible policies and by staying with us longer if a minimum premium is reached, or we have limited increases or decreases in your premium.

  2. Any applicable discounts may be subject to minimum premiums. Discounts only apply until a minimum premium is reached. When we determine your premium on renewal, we may also limit any increases or decreases in your premium by considering factors such as your previous year’s premium amount.