Private Boat Insurance

What is private boat insurance meant to cover?
Private boat insurance covers damage to the insured vessel and personal injury and property damage claims.

What does private boat insurance typically cover?Private boat insurance covers the ownership and operation of private vessels whilst being used, stored or transported. Private boat insurance policies, will usually provide an itemized sum insured for the hull, motor, trailer and accessories.
Private Boat Insurance will also provide cover for third parties in the event the use or ownership of your vessel causes personal injury or property damage to a third party.

Considerations/Limitations to be aware of with private boat insurance
The level of coverage offered by the various insurers differs considerably with the private boat insurance policy conditions having the greatest impact including:

  • Theft Conditions
    any insurers have strict guidelines outlining how a vessel must be stored in order to be covered for theft, including the use of approved trailer locks and not having the vessel accessible by the public.

  • Speed Limitations
    Most private boat insurers have limitations on how fast a vessel may be capable of going.
  • Racing Exclusion
    Most private boat insurance policies, specifically exclude racing or time trial events for powered watercraft, and limitations in regards to course length for sailing boats.
  • Water Skiing Exclusion
    All private boat insurance policies exclude cover for towing activities, unless specifically noted on the policy.
     

Should you wish to discuss your individual insurance needs with a qualified risk adviser, please contact our office on1300 815 344 or complete the attached Request a Quote form and we will respond within 24 hours.
View the most Frequently Asked Questions to learn more about the above class of insurance, or Ask a Question of our qualified risk advisers.
Those interested in the above class of insurance have also found the following of interest:

  • Income Protection Insurance

  • Life Insurance


We hope you have found this information useful, so we can create the best insurance resource material available, please provide us with Your Feedback on the information provided or with suggestions on what else you would like included.