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  1. Home
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  4. Boat

Comprehensive Cover

Cover for the big things – such as the theft of your boat, or accidental loss or damage due to things like fire, storms and sinking. Plus, we offer other benefits like up to $5,000 contents cover automatically included.

Third Party Cover

Cover for your legal liability for loss or damage to someone else’s property caused by your boat.

Total Loss

If your boat hull, boat motor(s) or boat trailer is less than 2 years old and is stolen or damaged in an incident covered by your policy in the period of insurance and accepted as a total loss, we will replace with a new one of the same manufacturer, of the same or similar model, similar specification or the nearest possible match to your boat hull, boat motor(s) or boat trailer(s).

Total Loss: If your boat hull, boat motor(s) or boat trailer is stolen and unrecovered after 14 days or it's uneconomical, impractical or unsafe to repair damage. We call this a 'total loss' in the PDS.

Cover included for boat contents

We’ll include cover for your boat’s contents. We’ll pay up to $1,000 for an EPIRB, VHF or HF radio, up to $500 for any other boat contents item, and up to the limit of the included cover for contents for any one incident covered by your policy. Some items, such as mobile phones, food and sunglasses, are not covered. Please see the PDS for a complete list of limits and inclusions.

Third Party Liability

Up to $10 million cover for death or bodily injury to other people or damage to their property caused by your boat. A lower limit applies to pollution liability.

Salvage and removal costs

Up to $10 million cover when you are responsible for the salvage and removal costs when your boat is stranded, sunk or burnt.

Pollution by oil, fuel or waste following an incident

Up to $250,000 liability cover for pollution from oil, fuel or waste following an incident.

Substitute boat

Automatic third party cover when you’ve borrowed a boat because yours has been lost, stolen or destroyed in an incident or is with a repairer up to 14 days.

Fatal injury

Up to $5,000 when you or the operator of your boat are fatally injured in an incident that caused loss or damage to your boat.

Emergency expenses

Up to $5,000 toward emergency expenses when your boat is damaged in an incident covered by your policy and emergency actions are necessary. For example, an outboard motor on the boat has struck a log and the boat needs to be towed.

Rescue expenses

Up to $5,000 for Maritime Rescue expenses when you and your boat are lost and missing.

Emergency travel costs

Up to $500 to get you back to your usual place of residence after your boat has been lost or damaged or to pick up your boat after it has been repaired.

Road towing costs

Up to $1,000 to tow your boat by road to the nearest place of safety or repair if it has been damaged in an incident covered by your policy.

Inspection of hull after running aground

Up to $1,000 for the inspection of your hull after running aground in an incident that’s covered as part of your insurance. 

Replacing your boat

If you replace your boat while you’re insured with us, we’ll cover the new one for 14 days, and may insure it for longer at our discretion. Speak to us to find out your options

Waters-skier’s liability

Up to $10 million liability cover for accidents that happen during water skiing activities.

Cover for sailing boats when racing

Cover for when you race up to 100 nautical miles.

Lay-up period

If you don’t use your boat during parts of the year, you can lower your premium by reducing your cover. Talk to us to find out more. 

Optional: Additional cover for boat contents

If the total amount covered by your boat contents isn't enough, simply ask us about increasing it for an extra premium.

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COOKIE AND DATA POLICY
We use cookies and other related technologies to improve and tailor your website experience. See our Cookie and Data Policy. This policy provides information about how Suncorp collects and uses data related to your online activity, and how you can choose to remain anonymous.

GENERAL INSURANCE

Any advice has been prepared without taking into account your particular objectives, financial situation or needs, so you should consider whether it is appropriate for you before acting on it. Please read the relevant Product Disclosure Statement before you make any decision regarding this product. The Target Market Determination is also available.

General Insurance (including Home Building, Home Contents, Landlord, Strata, Car, CTP, Motorcycle, Caravan, Motorhome, Boat Insurance, Business Insurance and Barristers Insurance) is issued by AAI Limited ABN 48 005 297 807 trading as Suncorp Insurance.

SUNCORP HEALTH INSURANCE
Suncorp Health Insurance is issued by nib health funds limited ABN 83 000 124 381 (nib), a registered private health insurer, and is marketed by Platform CoVentures Pty Ltd ABN 82 626 829 623 (PC), a Suncorp Group company. PC is an authorised agent of nib and receives commission from nib. Read the policy booklet before buying this insurance.

SUNCORP LIFE INSURANCE
Suncorp Life Insurance products, other than in some circumstances the Redundancy Benefit, are issued by TAL Life Limited ABN 70 050 109 450 AFSL 237848 (TAL Life) which is part of the TAL Dai-ichi Life Australia Pty Limited ABN 97 150 070 483 group of companies (TAL). TAL companies are not part of the Suncorp Group. TAL Life uses the Suncorp brand under licence from the Suncorp Group. Redundancy Benefit provided on or before 31st March 2020 was issued by AAI Limited ABN 48 005 297 807 AFSL 230859 (AAI) which is part of the Suncorp Group. New Redundancy Benefit policies and renewals offered from 1st April 2020 are issued by TAL Life. The different entities of TAL and the Suncorp Group of companies are not responsible for, or liable in respect of, products and services provided by the other.

Any advice on this page in connection with the Life products is general in nature and is provided by Platform Ventures Pty Ltd ABN 35 626 745 177 AFS Representative Number 001266101 (PV). PV is part of the Suncorp Group and an authorised representative of TAL Direct Pty Limited ABN 39 084 666 017 AFSL 243260 (TAL Direct). General advice does not take into account your individual needs, objectives or financial situation. Before you decide to buy or to continue to hold a Life Product you must read the relevant Product Disclosure Statement. The Target Market Determination (TMD) for the product is also available.

TAL Life is proud to have adopted the Life Insurance Code of Practice (Code). The Code has been developed voluntarily by the Life Insurance industry to promote high standards of service to consumers, provide a benchmark of consistency within the industry, and establish a framework for professional behaviour and responsibilities.