Boat Insurance

Don’t let your day on the water be ruined by a nasty surprise. Get back to boating sooner with Boat Insurance from CGU, ensuring protection for both motor and sailing boats on inland or coastal waters up to 200 nautical miles.

CGU's Boat Insurance covers your asset from the unexpected, such as theft, fire, malicious damage and stranding or capsizing. CGU covers damage that occurs while loading and unloading your boat, as well as collision with other watercraft, jetties, submerged objects or motor vehicles.

Additionally, you have the option to broaden your scope of cover by adding any of the following options:

  • Agreed value sum insured on the boat less applicable excess.
  • Extra cover for yacht racing, water skiers and aquaplaning liability

 

Know that your boat is covered with the level of cover that suits you and your pursuits, whether it be a dinghy or a Maxi Yacht, giving you the peace of mind to enjoy your days on the water.

 

  • Replacement guarantee for boats under 2 years old
  • $10 million liability cover
  • Up to $1,000 worth of cover for marine accessories, contents and tools
  • Covered for all inland waters and coastal waters up to 200nm
  • Optional extras include water skiing, yacht racing and extra accessories

Having trouble deciding which Insurance is right for you?

Use our comparison tool to help find the best option for you.

Plan your budget

Important information

Gateway Bank Ltd ABN 47 087 650 093 has an agreement with Insurance Australia Limited ABN 11 000 016 722 trading as CGU Insurance (“CGU”) for the referral of insurance products. Gateway Bank is entitled to receive from CGU a commission being a percentage of premium paid for insurance products issued to you or your business pursuant to this agreement. Please contact CGU on 13 22 94 for further information. Insurance products are issued by CGU. A product disclosure statement and/or policy wording for the insurance products is available from cgu.com.au You should consider the product disclosure statement and/or policy wording before making a decision in regard to your insurance needs.