25,000 kilometres of coastline
25 million people
2.5 million businesses
Boat Insurance
Protecting You On Every Voyage
At Coast Insurance, our boat insurance is designed to protect not only your vessel but also you, your passengers, and your lifestyle on the water. Whether you own a classic sailing yacht, a nimble dinghy, a powerful jet ski, or a lively party pontoon, we offer boat insurance cover that combines peace of mind with exceptional value. From protection against loss or damage to covering legal liability claims, we make sure you have the right protection in place every time you cast off.
Why Do You Need Boat Insurance Cover?
Even the most experienced skipper can encounter an insured event; a collision, a grounding, a malicious act, or accidental damage caused by rough weather. Without adequate protection, the cost of repairs, replacements, or legal costs can be significant. Our policies are built to protect you from those expenses, covering damage to your boat and boat hull, as well as your responsibilities if you cause property damage or bodily injury to another person.
Legal Liability Cover
We provide legal liability cover both on and off the water, ensuring you have liability cover for situations such as party liability, water skiing, and other leisure activities.
Medical & Ambulance Costs
Your safety matters too, which is why our insurance can cover ambulance or medical costs for you or your passengers following an accident.
Emergency Repairs & Expenses
We also include emergency repairs and other emergency expenses to get you safely home, as well as costs to manage property damage arising from your vessel.
Fast & Fair Claims Handling
From marina mishaps to unexpected events during a voyage, we make sure every incident covered under your insurance policy is handled quickly and fairly.
Protecting the lifestyle you love
Comprehensive Boat Insurance And Third Party Protection
We offer both comprehensive boat insurance and third party boat insurance, giving you flexibility in how you protect your craft.
Our comprehensive cover includes protection for accidental loss or damage to your vessel, including a new boat replacement for the first registered owner in the first policy year, and full boat replacement if your craft is a total loss. We also protect your boat trailer, your boat’s contents, your outboard motor, and your personal belongings. For those with specialist gear, cover extends to diving equipment and even a boat hull inspection after an incident. We can also provide close cover for your lay-up period or close lay-up period, ensuring your boat is insured even when not in use.
If you opt for third party boat insurance, you’ll have protection for third party liability, covering damage to others’ property and injury to others. This can also include party boat insurance and party liability, with optional cover for water skiing and towing inflatables.
Extra Protection Included As Standard
Every Coast Insurance policy is designed to give you more value. We include salvage and removal costs, with provisions for close salvage and clean-up for close pollution. Charges from the government maritime rescue service are covered, along with close rescue expenses if you require assistance. We also cover close emergency travel costs and close emergency expenses if you are stranded away from home.
We will pay the reasonable costs for transport, accommodation, and towing after an insured incident. Our cover extends to removal costs for wreckage and debris, and we can offer additional cover such as agreed value settlements instead of market value. Your personal wellbeing is also taken into account, with protection for fatal injury and close fatal injury resulting from an insured event, alongside cover for accidental loss or damage.
Flexible Options And Optional Cover
Every boater’s needs are different, which is why we make it easy to tailor your protection. You can add additional premium options such as higher liability cover limits, extend your cruising area, or even cover your vessel for competitive racing or regattas. We can restrict cover to a registered owner only, or add features like claim bonus protection to maintain your premium discounts after a claim.
Understanding Your Boat Insurance Cost
The boat insurance cost will depend on several factors, including the type, size, and value of your boat, how and where you use it, your boating experience, and your claims history, sometimes taking into account your previous year’s premium. Every policy has a minimum premium, but we will always aim to structure your cover so that it meets your needs at a reasonable cost, ensuring that all reasonable costs you might face after an accident are covered.
Why Choose Coast Insurance
We are specialists in insuring all types of pleasure craft, from sailing boats to personal watercraft and jet skis. Our team understands the unique conditions and challenges of Australian waterways, so we can provide cover that matches your lifestyle and your financial situation. With Coast Insurance, you’ll get fast, efficient claims handling for any incident covered, clear and transparent documents including our Product Disclosure Statement, and the reassurance that you’ve got the right protection before you leave the dock.
Frequently Asked Questions
What types of boats can I insure?
We can insure a wide range of vessels, including dinghies, personal watercraft, yachts, boat trailers, and more.
Does comprehensive cover include my trailer and hull?
Yes. Comprehensive boat insurance includes both boat trailer and boat hull protection, alongside many other benefits.
Are ambulance or medical costs covered?
Yes. We can cover ambulance or medical costs and other medical costs for passengers in certain situations.
