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Personal insurance
Boat insurance
Many people in New Zealand have an obsession with boats, whether it’s yachting, jet skiing or just cruising on boats big and small. Our boat insurance policies cover your watercraft for damage or theft, and provide protection for your liability as a boat owner.
We can provide cover for most kinds of watercraft, such as:
- pleasure craft
- cruisers and launches
- sport fishing boats
- jet skis
- dinghies
- yachts
- superyachts
- jet ski and kayak trailers
What does boat and watercraft insurance cover?
Comprehensive insurance generally covers loss or liability related to your boat, boat trailer and fishing gear, yacht, water ski equipment, diving equipment, tools and personal effects stored aboard. Policies can cover a range of events including:
- Accidental loss or damage to your boat
- Fire
- Explosion
- Theft of your boat, tender, outboard motor, trailer and fishing gear, water ski equipment, diving equipment, tools and personal effects
Types of boat and watercraft insurance available are:
- Agreed value policy - pays the amount agreed with your insurer as the value for your boat in the event of its total loss (completely lost or destroyed)
- Market value policy - pays the market value of your boat up to the sum insured in the event of its total loss
Talk to our marine insurance specialists
Our brokers can talk to you about the options available and arrange a boat cover to suit your needs and budget. And if you need to lodge a claim, we advocate on your behalf to ensure your claim is handled fairly and promptly.