Boat insurance

Save up to 10% on your first year of eligible boat insurance with our online discount1

Get a quote
Make a claim

Choose how you pay

Pick the payment option that best suits your needs. Pay fortnightly, monthly, quarterly or annually at no extra cost4.

What's included

  • Accidental damage
    We cover your boat for loss or damage caused by accidental damage.

  • Fire, storm and flood
    We cover your boat for loss or damage caused by a fire, storm or flood2.

  • Theft or attempted theft
    We cover your boat for loss or damage caused by theft or attempted theft.

  • Collision or crash
    We cover your boat for loss or damage caused by a collision or crash.

  • Earthquake, explosion and tsunami
    We cover your boat for loss or damage caused by an earthquake, explosion or tsunami.

  • Vandalism or a malicious act
    We cover your boat for loss or damage caused by vandalism or a malicious act by someone else.

  • Emergency repairs
    We pay for emergency repairs to secure or drive your boat if it’s damaged in an event we cover (up to $800).

  • Storage costs
    We pay the reasonable cost to move and store your boat if an incident we cover causes loss or damage to your boat and we agree it needs transporting to a storage or holding facility. We pay this on top of your agreed value3.

  • Hull inspection
    If you need to check if there's loss or damage to your hull after an event we cover, we pay the reasonable cost of a hull inspection.

  • 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.

  • Emergency transport and accommodation
    If your boat can’t be driven or used after certain covered events (more than 100km from home), we pay for temporary accommodation and emergency transport (up to $1,000, on top of your agreed value).

  • Personal accident cover
    If an accident on your boat causes a specified injury to you or your passengers, we pay up to $10,000 under this cover. We pay this on top of your agreed value.

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

See more

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).

Choose from these optional benefits

When you're getting a quote

  • Lay up cover
    Add an option to reduce your premium by choosing lay up cover for up to 12 months while you're not using it.

  • 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.

  • Racing risk extension
    Add an option to cover your sailboat when you're racing it in certain events (less than 50 nm radius).

Make sure to read our policy booklets

They'll give you full details on limits, conditions, exclusions, and more

Important note for customers in NSW, QLD, TAS & ACT. If you purchased your policy before 21 April 2024 and you either haven't renewed it yet or you last renewed it before 1 July 2024, your cover will be different to the cover described above. Read the Product Disclosure Statement (PDS) relevant to your policy on our policy booklets page, or call us on 132 132 for more information.

Looking to cover your car too?

Get car insurance

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

You could save up to 10% in your first year when you get your boat insurance online4

Learn more

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

Get a quote

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

Learn about claims

Boat insurance FAQs

Are fixtures and fittings covered?

We cover any permanent fixtures and fittings that are permanently attached to your boat.

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

What if I change where my boat is kept?

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.

What's lay up cover?

With lay up cover, you can reduce your premium and the cover we provide for a time period we agree while you're not using your boat.

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.

What excesses apply?

The types of excesses that may apply to claims are:

  • Boat
  • Driver
  • Racing
  • Undisclosed driver age
  • Unsecured trailer theft excess

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

Read more

Things you should know

  1. Some product exclusions apply. 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. Find out more about our online discount.

  2. We may not cover you for some severe weather events during an embargo period (which is usually when we know a severe weather event is about to occur). We’ll tell you if there’s an embargo when you purchase your policy.

  3. Storage costs are only covered from the time you lodge your claim until your boat is either sent to a repairer or we settle your claim.

  4. Not including policies sold or renewed before 27 August 2023 in NSW, QLD, TAS and the ACT.