Inclusions

What's included? 

• Accidental damage - Cover your boat for loss or damage caused by accidental damage. 
• Fire, storm and flood - Cover your boat for loss or damage caused by a fire, storm or flood.¹ 
• Theft or attempted theft - Cover your boat for loss or damage caused by theft or attempted theft. 
• Collision or Crash - Cover your boat for loss or damage resulting from collisions or crashes. 
• Vandalism or a malicious act - Cover your boat for loss or damage caused by vandalism or a malicious act by someone else. 
• Emergency repairs - CGU pay for emergency repairs to secure or drive your boat if it’s damaged in a covered event (up to $800). 
• Hull inspection - If you need to check if there's loss or damage to your hull after an event we cover, CGU pay the reasonable cost of a hull inspection. 
• Liability cover - Cover for 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), CGU pay for temporary accommodation and emergency transport (up to $1,000, on top of your agreed value). 
• Towing - If an incident CGU covers causes loss or damage to your boat and it's unsafe for you to tow, CGU will pay to take your boat to a repairer or a safe place. This is paid on top of your agreed value. 

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). 

What you need to know: 

¹ CGU 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). 

Excesses and exclusion periods may apply. Refer to your Certificate of Insurance. For detailed terms, conditions, limitations, and exclusions, please read the Product Disclosure Statement. 

Questions 

Here are our most common questions about our Boat Insurance. Have a different question? Call us on 1300 13 23 28 to talk with one of our friendly team members. 

Is my boat covered if I have an accident whilst on the water? 

Yes, you’ll be covered for accidents that occur on the water, whether or not you’re at fault.  

Is my boat covered if I have an accident on the road whilst towing my boat? 

Yes, you’ll be covered for accidents that occur on the road if your boat if being towed, whether or not you’re at fault. 

Will I have to pay an excess if the accident was not my fault? 

If it’s agreed that the accident was not your fault and we are provided with all the relevant documentation, you won’t be liable to pay an excess. Refer to the PDS for more information. 

Is all the equipment on my boat covered? 

You’ll be covered for any damage to the boat’s hull, accessories, masts, sails, rigging, motors (including control equipment) and tools supplied with your boat. 

Am I covered for recovery costs if my boat sinks? 

Yes, if your boat sinks and has to be recovered and transported for repairs, you’ll be covered for the costs associated. 

Do you offer flexible payment options?  

Yes, you can choose to pay fortnightly, monthly or quarterly at no extra cost.​ 

How do I make a claim?  

If you need to make a claim under your insurance, simply call CGU Claims on 13 24 80 to make a paperless claim. They’re available 24 hours a day, 7 days a week.