Liability cover

Protection against most damage you may become legally required to pay. This includes death or injury to any person and damage to property (e.g. another person's boat).

Faultless excess

You won't need to pay your excess if we agree the accident was caused by someone else. All you need do is provide us with the name and current address of the person responsible for the accident.

No claim bonus of up to 30 per cent

Depending on the type of boat insurance, and your claims history, you can gain a no claims bonus of up to 30 per cent discount off our standard premium. 

If you've been comprehensively insured with another insurer within the past three months, we also offer a no claim bonus entitlement. To obtain this, simply provide us with a copy of your most recent Certificate of Insurance, or a letter from your current insurer. The no claim bonus may vary if the previous insurance is on another boat.

Automatic cover and full replacement value

Lost your boat? Motor ruined by fire? We won't leave you stranded. CGU's Boat Insurance provides an automatic 14-day cover for your replacement vessel or motor.

14-day automatic cover for replacement boat

If you trade in your insured boat or its trailer for another, you'll gain automatic 14-day cover for the replacement boat or trailer, provided you tell us about it within 14 days.

New boat replacement

If your new boat is so badly damaged and is considered a total loss within two years of manufacture, we will replace it with another new boat of the same make and model, provided one is locally available.

Extra features

• Your boat is covered when you do voluntary rescue work.
• If your boat is damaged, we will pay the costs to transport your boat to a repairer.
• Personal property is covered for up to $1,500. 

Optional extras

• Yacht racing risk extension- protection for expensive things like repairing sails and replacing masts, spars or rigging lost or damaged while racing within 50 nautical miles of the coastline. 
• Water skiers or aquaplaning liability extension - protection against personal injury of skiers towed by your boat, and also for any damage to property arising from towing skiers.