Boat and Pleasure Craft Insurance

Pleasure craft cover is not the same thing as commercial marine insurance. A runabout on a trailer, a yacht on a mooring and a tender kept at a marina are three different risks, and where and how the boat is kept usually matters more to an insurer than what it cost.

What this cover is usually for

• The hull, motor and trailer, afloat and ashore
• Third party liability while the boat is in use
• Theft of the boat, motor or equipment
• Damage while being towed, launched or retrieved
• Salvage and wreck removal costs

Who asks us for it

• Owners of runabouts, yachts, sailing dinghies and tenders
• People keeping a boat on a mooring, at a marina or on a trailer at home
• Owners of restored, wooden or unusual craft that standard insurers decline
• Anyone who has been refused because of the boat’s age or their claims history

Things worth telling the broker

Be specific about where the boat lives, the waters you use it in, who else operates it, and any modifications or non-original equipment. Cruising limits are often the single thing that decides which insurers can quote.

How iQuotes works

iQuotes is a free quote-request service, not an insurer and not a broker. Tell us what you need insured and we pass your request to Australian brokers who write that class of risk. They contact you directly with quotes, and you deal with whichever one you prefer. We do not give advice and we do not recommend a policy — the broker you speak to does that.

Boat and Pleasure Craft Insurance