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.
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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 flood1.
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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 pay 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 we cover, CGU pay the reasonable cost of a hull inspection
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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 pay 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.
Choose from these optional benefits when you’re getting a quote:
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Lay up cover
Add an option to reduce your premium by choosing lay up cover for up to 12 months while you’re not using it
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Liability cover for water skiing and flotation devices
Add an option to extend your liability cover to include cover for when your boat is towing a waterskier or a person on a floatation device.
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Racing Risk Extension
Add an option to cover your sailboat when you’re racing it in certain events (less than 50 nm radius).
1 CGU may not cover you for some severe weather events during an embargo period (which is usually when we know a severe weather event is about to occur).
Excesses and exclusion periods may apply. Refer to your Certificate of Insurance. For detailed terms, conditions, limitations, and exclusions, please read the Product Disclosure Statement.
The Capricornian Ltd ABN 54 087 650 940 AFSL / ACL No. 246780 acts under its own AFSL and under an agreement with the issuer Insurance Australia Limited trading under the CGU Brand ABN 11 000 016 722, AFSL 227681. Any advice provided is general advice only and does not take into account your individual objectives, financial situation or needs (“your personal circumstances”). Before using this advice to decide whether to purchase a product, you should consider your personal circumstances and the relevant Product Disclosure Statement. The Product Disclosure Statement and Target Market Determinations are available from https://www.cgu.com.au/.
