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Key benefits
- Accidental loss or damage: Cover for accidental loss or damage
- Flexible repayment frequency: Fortnightly, monthly, quarterly or annual payments available at no extra cost
- Marine contents: Cover (up to $1,000) for accessories, tools, fishing equipment and contents if lost or damaged on board
Product overview
We’ll help keep your boat afloat. Whether you’re on or off the water, your boat needs protection. Through CGU, we’ll provide cover so you can get on with enjoying the moment. Options are available for motorised water sports (including water skiing) and racing. Cover is for private use only.
Cover includes:
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.
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 pays 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 CGU covers, CGU pays the reasonable cost of a hull inspection.
New for Old Replacement
New-for-old replacement if your boat was purchased new, is less than 2 years old (from the date of first registration) and is a total loss.
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 pays 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.
Contents Cover
- Up to $1,000 worth of cover for contents loss or damaged on your boat as part an incident which CGU covers.
- Up to $1,000 towards replacing keys and locks, if lost or stolen
Optional benefits
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 water-skier or a person on a floatation device.
Racing Risk Extension
Add an option to cover your boat when you're racing it in certain events (less than 50 nm radius).
Ready to get a quote?
Need to make an insurance claim?
Make a claim through your CGU Online Account or call CGU's claims team 24 hours a day, 7 days a week on 13 24 80.
