Skip to main content

Boat insurance

Comprehensive cover for your boat to help protect you if you end up in troubled waters.

New for old replacement

If your boat was purchased new, is less than two years old, and is a total loss, you'll get a new one provided a replacement is locally available.

Accessorise your cover

Cover for up to $1,000 for marine accessories, contents and tools that you take with you on the boat.*

Choice of optional extras

From water skiing to yacht racing and extra accessories – it’s easy to add extra cover to your boat insurance.*

What's covered?

  • $10 million of liability cover
  • Accidental damage
  • Fire
  • Theft or attempted theft
  • Cover while engaged in any rescue work within Australia
  • Cover while navigating Australian inland and coastal waters up to 200 nautical miles offshore
  • Fishing gear, water ski equipment and diving equipment
  • Storm

This is only a summary, please refer to the Product Disclosure Statement (PDS) for more information on what is and isn’t covered.

 Boat Insurance PDS - PDF (769 kB)

Ready to get a quote for boat insurance?

To get a quote for boat insurance, you can either contact us on 1300 228 228 during business hours or request a callback.

Got a question about insurance?

You can choose to pay your premium fortnightly, monthly or yearly – the choice is yours.

If you want to pay yearly up front, you can choose to pay by direct debit or BPAY. If you choose to pay fortnightly or monthly you can pay by direct debit. 

You will choose your payment method and frequency when you take out the policy.

You'll receive your insurance policy renewal via your preferred method (email or post) a few weeks before your policy is due to expire. Please make sure your contact details are up-to-date and advise us of any changes to your personal circumstances or the insured asset, as this may require changes to your policy.

If you're making monthly or quarterly direct debit payments on your policy, and are happy with your policy renewal information, you don't need to do anything. Your policy will automatically renew at the new premium amount advised. If you pay annually, you'll need to arrange payment of the premium amount quoted.
 
If you would like to speak to someone about your policy renewal, or make changes to your policy,  please call us on 1300 228 228 and one of the team will be happy to help.

An insurance excess is the amount that you'll need to pay towards the cost of an insurance claim.

There are different types of excess that apply to different policies. For example, in addition to the basic excess which applies when you make a claim on Car insurance, you may also be required to pay an age excess, inexperienced drivers excess or additional excess. Please refer to your Product Disclosure Statement for more information.

Important information

*Underwriting criteria, policy terms, conditions, limits and exclusions apply. Please see the Product Disclosure Statement for full details.

Police & Nurses Limited (BCU Bank) ABN 69 087 651 876 AFSL 240701 acts under its own AFSL and under an agreement with the issuer Insurance Australia Limited trading as CGU Insurance ABN 11 000 016 722, AFSL 227681. Any advice provided is general advice only and does not take into account your individual objectives, financial situation or needs (“your personal circumstances”). Before using this advice to decide whether to purchase a product, you should consider your personal circumstances and the relevant Product Disclosure Statement and Target Market Determinations (TMDs).