Pleasure Craft Insurance

Private Pleasure Craft Insurance – What is it?

The unexpected can happen whether your boat is out to sea or at wharf: loss, theft, damage or the unforseen effects of violent weather. Pleasure craft insurance helps cover you against the unexpected when it comes to your pleasure boats. It can also include personal accident and legal liability cover for you and any person you allow to control your boat when in the water.

A wide range of boat types can be insured including yachts and power boats. Comprehensive insurance cover gives you complete peace of mind and protection to safeguard your boating activities. Some comprehensive insurance automatically includes items that other insurance providers may offer as add-ons at an additional charge.  So it is important to compare covers between insurers to give you and your boat the best possible protection. Premiums will vary between insurers with the cover.


What does it cover me for?

The policy should provide the following basic coverage:

  • Accidental loss, damage, fire and/or explosion and theft to your boat
  • Cover for liability to other people, including death or injury, and damage to their property
  • Transit Damage
  • Clean Up Costs  - discharge and escape of fuel, lubricant and sewage from holding tanks on your boat
  • 24 hour emergency assistance and personal service on and off the water.
  • Choose between agreed or market value policies – depending on age of the Vessel
  • Claims assistance available  24/7

Make sure you consider these additional benefits or options

Many of the specialist Marine Insurers are able to include the following in their policies:

  • Automatic cover for a new boat
  • No claim bonus so that premiums reduce if you are not claiming.Optional values for liability cover
  • Transit cover throughout Australia
  • Extend cover up to 250 nautical miles offshore  if required
  • Discounts while your boat is laid up
  • Personal accident cover
  • Salvage expenses in addition to the sum insured of your boat
  • Apportioned excesses for high value vessels
  • Cover for overheating of motors caused by external blocking of cooling system
  • Personal Effects cover
  • Cover for Fishing gear, Water Ski equipment and Diving equipment
  • Cover for Time Trials for Power Vessels
  • Legal liability protection which covers members of your family, you, when you are on someone else's boat and if applicable, observers and water skiers or Barefoot skiers towed by you
  • New for old on mechanical and electrical components of the motor up to at least five years of age which cannot be satisfactorily repaired up to the motor market value
  • Emergency trailerable towing
  • Your boat whilst left unattended or moored temporarily off any exposed beach or shore

Who can help?

An insurance broker's role is to act as your representative and work in your interests, seeking the best cover at the best price for you with their skill, market knowledge and experience. Call a good one.

Call CPR –Experts who will save you! 

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