Provides up to $10 million to pay compensation for death or injury to other people, or damage to their property. For example, if someone's injured falling over on your boat, which you’re held legally liable for, we cover money paid to the victim as compensation including all associated legal costs up to $10 million.
Boat Insurance comparison
Make sure you have the cover you need by comparing the differences, features and claim limits of Comprehensive Boat Insurance and Third Party Boat Insurance
Included features
Third Party Boat Insurance
Comprehensive Boat Insurance
Third Party Boat Insurance
Up to $10 million
Comprehensive Boat Insurance
Yes
Up to $10 million
Third Party Boat Insurance
Up to $10 million
Comprehensive Boat Insurance
Up to $10 million
Third Party Boat Insurance
Up to $10 million
Comprehensive Boat Insurance
Yes
Up to $10 million
Third Party Boat Insurance
Yes
Up to $250,000
Comprehensive Boat Insurance
Yes
Up to $250,000
Third Party Boat Insurance
Yes
Comprehensive Boat Insurance
Up to $5000
Third Party Boat Insurance
Yes
Comprehensive Boat Insurance
Yes
Up to $1000
Third Party Boat Insurance
Comprehensive Boat Insurance
Up to $5000
Third Party Boat Insurance
Comprehensive Boat Insurance
Up to $500
Third Party Boat Insurance
Comprehensive Boat Insurance
Included cover
Third Party Boat Insurance
Comprehensive Boat Insurance
Third Party Boat Insurance
Comprehensive Boat Insurance
Yes
Up to $5000
Third Party Boat Insurance
Comprehensive Boat Insurance
Up to $5000
Third Party Boat Insurance
Comprehensive Boat Insurance
Yes
Up to $1000
Accidental cover includes
Third Party Boat Insurance
Comprehensive Boat Insurance
Third Party Boat Insurance
Comprehensive Boat Insurance
Yes
Third Party Boat Insurance
Comprehensive Boat Insurance
Third Party Boat Insurance
Comprehensive Boat Insurance
Yes
Third Party Boat Insurance
Yes
Comprehensive Boat Insurance
Yes
Third Party Boat Insurance
Yes
Comprehensive Boat Insurance
Third Party Boat Insurance
Yes
Comprehensive Boat Insurance
Yes
Third Party Boat Insurance
Comprehensive Boat Insurance
Optional cover
Third Party Boat Insurance
Comprehensive Boat Insurance
Third Party Boat Insurance
Comprehensive Boat Insurance
OPTIONAL
Third Party Boat Insurance
Comprehensive Boat Insurance
OPTIONAL
Third Party Boat Insurance
Comprehensive Boat Insurance
OPTIONAL
Third Party Boat Insurance
Yes
Comprehensive Boat Insurance
OPTIONAL
Looking for more detail? Any advice has been prepared without taking into account your particular objectives, financial situation or needs, so you should consider whether it is appropriate for you before acting on it. Please read the relevant Product Disclosure Statement before you make any decision regarding this product. The Target Market Determination is also available.
Legal liability cover
Salvage and removal costs
If you’re legally liable for the costs of salvaging or removing your stranded, sunk or burnt boat, we’ll pay the reasonable costs including legal fees that we’ve agreed to pay, up to $10 million, to salvage and remove it.
Substitute boat insurance
Gives automatic third party insurance for a substitute boat provided to you for up to 14 days when yours is with a repairer.
Pollution by oil, fuel or waste
Covers costs to deal with accidental pollution from your boat that you’re found legally liable for, up to $250,000, including legal costs.
Fatal injury
If your boat suffers loss or damage and you or the operator of your boat is killed we’ll pay $5,000 to the executor of one person’s estate.
Road towing costs
When your boat needs to be repaired, we pay the reasonable costs, up to $1,000, of towing your boat by road, to the nearest place of safety or repair.
Emergency expenses
We’ll pay up to $5,000 for emergency expenses e.g. if the outboard motor on your boat has struck a log and won’t operate. This covers things like towing, securing, scuttling or sinking your boat if legally required.
Emergency travel costs
If you're stranded after your boat is lost or damaged in an incident and unable to get home, we'll pay your travel costs to get you home or pick up your boat after repairs. Limited to $500 for any one incident.
New boat after a total loss for boats less than 2 years old
If your boat hull, motor or trailer is a write off and is less than 2 years old, we’ll pay the costs to replace it with a new one of the same, or similar, model or specification.
Rescue expenses
If you and your boat are lost and missing we pay the search and rescue fees, up to $5,000, charged by a government maritime rescue service or organisation. It doesn’t include ambulance or medical costs.
Boat contents
We’ll pay up to $5,000 for boat contents, owned by you and your family, when they’re on your boat or locked in a fully enclosed room, shed, garage or vehicle. Boat contents includes things like:
- portable fuel tanks (excluding fuel), barbecues and gas bottles
- clothing, bedding, unfixed furniture, cooking appliances and portable refrigeration
- fishing rods and tackle, diving equipment and water-skiing gear (when not in use)
- maps, charts, tide and weather guides.
It doesn’t include personal belongings like jewellery, mobile phones, laptops or cameras.
Hull inspection
When your boat has run aground, even if no loss or damage has occurred to your boat, we’ll pay reasonable costs up to $1,000 to inspect your boat hull.
Sinking
Your boat hull and motor will be covered if you suffer accidental loss or damage as a result of sinking.
Stranding
You’ll be covered if you become stranded at sea or your boat runs aground providing it was accidental and not deliberate.
Collision and impact
If you’re involved in a collision with a boat or object you’ll be covered for loss and damage to your boat hull, motor and trailer so long as it wasn’t a deliberate act.
Storm (including cyclone)
We cover you for accidental loss or damage caused by a storm (including cyclone) providing you’ve had your policy for 72 hours, started the policy on the same day you bought the boat, or started the policy when your previous cover expired.
Fire
Your boat, including the hull, motor and trailer, will be covered if damaged or destroyed in a fire providing the fire was not a deliberate act caused by you, a member of your family, owner, operator or person acting with your consent.
Theft
We cover theft as long as you took the minimum safety precautions to prevent it happening. This includes things like storing your boat in a fully enclosed garage for your personal use and using an anti-theft device on the trailer when in the open air.
Malicious damage
We cover damage that occurred maliciously, with intent, as opposed to by accident. For example, graffiti or vandals damaging your boat.
Water-skier’s liability
Provides up to $10 million cover when your boat is towing a person or object for water skiing. Includes cover for injury and death to people and damage caused to property.
Lay-up period
If your boat’s not in use all year, you’ll pay a reduced premium during the nominated months and we’ll reduce your cover to theft and accidental loss or damage.
Additional cover for boat contents
Cover for accidental loss and damage, including theft, of your boat’s contents whether they’re on your boat or in a locked space like a garage or vehicle.
Cover for sailing boats when racing
Add this on for comprehensive cover even when competing in a sailing race of up to 100 nautical miles.
