Key benefits
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Accidental loss or damage
Cover for accidental loss or damage -
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Flexible repayment frequency
Fortnightly, monthly, quarterly or annual payments available at no extra cost -
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Marine contents
Cover (up to $1,000) for accessories, tools, fishing equipment and contents if lost or damaged on board
Product overview
We’ll help keep your boat afloat. Whether you’re on or off the water, your boat needs protection. Through CGU, we’ll provide cover so you can get on with enjoying the moment. Options are available for motorised water sports (including water skiing) and racing. Cover is for private use only.
Cover includes:
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Accidental damage
Cover your boat for loss or damage caused by accidental damage. -
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Fire, storm and flood
Cover your boat for loss or damage caused by a fire, storm or flood. -
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Theft or attempted theft
Cover your boat for loss or damage caused by theft or attempted theft. -
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Collision or Crash
Cover your boat for loss or damage resulting from collisions or crashes. -
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Vandalism or a malicious act
Cover your boat for loss or damage caused by vandalism or a malicious act by someone else. -
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Emergency repairs
CGU pays for emergency repairs to secure or drive your boat if it’s damaged in a covered event (up to $800). -
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Hull inspection
If you need to check if there's loss or damage to your hull after an event CGU covers, CGU pays the reasonable cost of a hull inspection. -
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New boat replacement
New boat replacement if you bought your boat as a new or demonstrator boat, and at the time of the incident your boat is less than 24 months from the date it was first registered and is a total loss. -
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Liability cover
Cover for up to $10 million for the liability of you or anyone with permission to control your boat, if its use causes property damage, death or injury to another person. -
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Emergency transport and accommodation
If your boat can’t be driven or used after certain covered events (more than 100km from home), CGU pays for temporary accommodation and emergency transport (up to $1,000, on top of your agreed value). -
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Towing
If an incident CGU covers causes loss or damage to your boat and it's unsafe for you to tow, CGU will pay to take your boat to a repairer or a safe place. This is paid on top of your agreed value. -
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Contents Cover
Up to $1,000 worth of cover for contents loss or damaged on your boat as part an incident which CGU covers. Up to $1,000 towards replacing keys and locks, if lost or stolen.
Optional benefits
Lay up cover
Liability cover for water skiing and floatation devices
Racing Risk Extension
Need to make an insurance claim?
Call CGU’s claims team 24 hours a day, 7 days a week on 13 24 80.
Home, landlord or motor vehicle claims can also be made online by logging into your CGU online account if your policy was first purchased after 16 June 2025, or renewed after 9 August 2025.
Managing your insurance online
If your policy was purchased after 16 June 2025, or renewed after 9 August 2025, you can make certain updates online, such as adjusting your excess amounts or optional benefits.
For significant changes, like purchasing a new car, please call us directly on 13 11 82.
Talk to us about your insurance needs today.
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