BSB 805 050

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BSB 805 050

Boat Insurance

We’ll help keep your boat afloat with boat insurance to keep your boat protected on water, on land and on the road

We’ll help keep your boat afloat 

Whether you’re on or off the water, your boat needs protection. Teaming with CGU, one of Australia’s most trusted and credentialed insurers, we’ll have you covered so you can get on with enjoying the moment.

Get the right cover for how you use your boat and only pay for the protection you need. Options available for sailing, motorised water sports (including water skiing) and racing risk.

We’re here to help you keep your boat afloat.

With our boat insurance policy you can enjoy:

  • Easy application process
  • Fortnightly, Monthly or Annual payments available at no extra cost
  • Direct debit or credit card payment options

We can provide everyone with a quote, but to take the quote to policy, you must be a member of People’s Choice Credit Union. Get more information or apply to become a member.

Get a quote today by calling 13 11 82 or visiting your nearest branch - it’s quick and easy.

What am I covered for?

  • Accidental damage, fire or theft on land, in transit, or afloat within 200 nautical miles of the Australian coastline
  • Personal accident cover
  • New replacement boat in the event of total loss (if the boat is less than two years old)
  • Towing costs
  • The cost (up to $500) of returning your boat to your home if it is damaged beyond use (providing the accident happened more than 100km from home)
  • Accessories, tools, fishing equipment and contents (up to $1,000) if lost or damaged on board
  • Reasonable costs towards replacing keys, where stolen or destroyed by fire
  • Cost of inspecting damage to hull if stranded
  • Food spoilage (up to $500)
  • Travel costs (up to $1,000)
  • Personal property up to $1,500
  • If the motor of the boat is submerged and then recovered, reasonable costs to dismantle, clean and oil motor, and dry electrical equipment and instruments
  • Full cover for voluntary rescue work
  • Social yacht racing (providing the race is less than 50 nautical miles and doesn’t involve spinnakers)
  • Power boat time trials (maximum speed of 25 knots)

Optional Additional Cover

  • Agreed value sum insured option available
  • Water skiers or aquaplaning risk cover is available for motorised boats only and covers damage to property or personal injury arising from any person being towed on water by the boat or substitute boat
  • Racing risk cover is available for sailing boats only and covers loss or damage to sails or protective covers caused by the wind and loss of or damage to sails, masts, spars and rigging when the boat is within the following navigational limits:
    • Within 200 nautical miles of the boat’s home port or
    • Within 200 nautical miles of the place where the boat was last launched and within Australian territorial waters

How to make a claim

To make a claim, click here or contact the dedicated 24-hour claims hotline on 13 24 80.
To enquire about an existing claim, call us on 13 11 82.

Please refer to the Boat Insurance Product Disclosure Statement for full details of cover limits and terms and conditions.

 

 

Most popular questions...

More questions...

  • What happens when I make a claim?

    Once your claim is lodged with CGU, they will allocate a claims consultant who will contact you with the next step. Your claims consultant will keep you informed about your claim's progress along the way.

    CGU will give you a claim number which will be your ongoing reference to the claim. You can use this reference for all claims enquiries when providing information to CGU on your claim.

    Some claims are simple but others are more involved - either way, you can be sure that CGU will be working as quickly and efficiently as possible to process your claim.

  • How do I make an insurance claim?

    Making a claim is easy. Just call CGU on 13 24 80 and quote your policy number. You can make a claim 24 hours a day, seven days a week.

    Have an existing policy? Here is a list of contact details for our insurers.

hi…

Thank you for your enquiry. Unfortunately we don’t have a branch in this area, so please call us on 13 11 82 to see how we can still help you.

Cover is for private use only.

Subject to the product issuer’s underwriting rules and acceptance guidelines.
Terms, conditions and exclusions apply and are available upon application.
The information above is general advice only and does not take into consideration your personal objectives, financial situation or needs (“your personal circumstances”). Please consider the relevant Product Disclosure Statement (PDS), other Disclosure Documents and your personal circumstances before making any decision to purchase the products. Contact us on 13 11 82 with any questions, or visit your nearest branch to talk to a consultant.
General insurance (including Travel Insurance) is issued by Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 trading as CGU Insurance. All our insurance issuers pay commission at rates which range from 0% - 40% of the base premium. The commission rate varies depending on the type of insurance.
People’s Choice Credit Union, a trading name of Australian Central Credit Union Ltd. ABN 11 087 651 125 Australian Financial Services Licence 244310, acts under its own Australian Financial Service Licence and under an agreement with the insurer Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 trading as CGU Insurance.

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