Boat Insurance

Boat Insurance

Whether you’re fishing, relaxing, cruising, or just spending time with family and friends, there really is nothing quite like an afternoon on the water.
However, while boating can be a lot of fun, making sure you have the proper cover while you’re out on the water will leave you with nothing more to worry about than which way the wind is blowing.

What does this insurance cover?

Resilium advisers will examine all available policies but will generally suggest two types of Boat Insurance to consider.

Essential Boat Insurance

• This covers you for amounts you must legally pay for injury or death of another person or loss or damage to their property caused by your boat. The cover is limited to $10 million, as well as legal and other costs the insurer has agreed to pay when you make a claim.

Comprehensive Boat Insurance

This kind of insurance includes all the benefits of an Essential Boat cover policy, as well as loss or damage to your boat by fire, theft, malicious or storm damage. It also can include:

  • Two-year new replacement if you are the first registered owner of the boat and choose to accept a new replacement hull, boat trailer or motor of the same make, model and price
  • Up to $5,000 for each rescue charged by a maritime rescue organisation which searches for you and your boat after you are reported missing.