Anchors away! Set sail with CGU Boat Insurance
CGU Boat Insurance provides comprehensive cover against certain theft, fire, accidental or malicious damage… even certain
costs associated with stranding are covered as a result of an insured event. So, you can sail away knowing you have insurance cover to help if things go wrong.
New for old replacement
If your boat was purchased new and is less than 2 years old and is a total loss, we will buy you a new one provided one is locally available.
Accessories, tools and contents? Tick
Up to $1,000 worth of cover in total for all claims for marine accessories, contents and tools that you take with on the boat which are accidentally damaged or lost.
Enjoy all of Australia's waterways
You’re covered while navigating inland waters, and coastal waters up to 200 nautical miles offshore.
$10 million liability cover
If your boat causes damage to another person’s property, we’ll take care of it. (Limit of $1,500 in total for all claims).
Choose your optional extras
From water skiing to yacht racing and extra accessories – it’s easy to add extra cover to your boat insurance.
Doing rescue work?
Voluntary rescue work is covered. Personal property on board the boat is too.
- 14-day automatic cover for replacement boat
- New replacement boat if less than two years old, provided that one is locally available
- Liability cover
- Boat Insurance optional extra cover available for yacht racing and water skiers or aquaplaning liability
- Easy payment options for Boat Insurance including pay-by-the-month at no extra cost
- Cover for personal property is limited to $1,500 in total for all claims combined for any personal property that you (or your family, crew or invited guests) own that is accidentally damaged or lost.
Policy conditions, limitations exclusions apply. Please see the PDS for full terms and conditions.
This is only a summary, see everything that is and isn’t covered in the Product Disclosure Statement (PDS) and read the Target Market Determinations (TMDs).
The Capricornian Ltd acts under its own Australian Financial Services Licence and under an agreement with the insurer Insurance Australia Limited ABN 11 000 016 722 trading as CGU Insurance. Any advice is general only and does not take into account your personal circumstances. Consider the Product Disclosure Statement (PDS) and Target Market Determinations (TMDs) to see if the product is right for you. The Capricornian Ltd ABN 54 087 650 940 AFSL / ACL No. 246780.
