The cost of Club Marine boat insurance ranges from minimum premiums of around $300 for a low value aluminium runabout, to tens of thousands of dollars for a high value, top of the range cruiser or yacht.
The premium also varies based on the level of third party liability cover you include and options you take – for example participation in competitive racing or extended cruising increases the price. We do not provide any advice about the various options. You must be satisfied that the level of cover you are insured for is satisfactory to your needs.
There are many factors we take into account based on the information you provide when getting a quote, such as:
To find out the cost to insure your boat get a quote now
Club Marine boat insurance covers accidental loss or damage to your boat, liability to other people arising from the use of the boat, and certain types of significant injury to the person named on the policy. Limits and exclusions apply. To find out more, read our Policy Wording.
This depends on laws and regulations, where you use your boat, where it’s stored, whether it’s under finance and other considerations. We do not give any advice about laws and /or regulations which may be applicable to the use of your boat. Get a quote now
This depends on your home and contents insurance policy, though it may only provide cover when your boat is stored at the home location. Review your policy wordings to confirm.
When you lodge a claim, we ask for the following details to complete the lodgement:
After you lodge a claim we will:
In the event of a claim, Club Marine will pay the reasonable cost of replacing the item to the same condition as it was in before the loss. So if you have a 10 year old motor your claim will cover the cost to replace it. If it is replaced with a brand new motor you may be asked to pay the difference. This is known as a contribution.
Lay up refers to the months where you’re not using your boat (for example in winter), and it’s stored in an enclosed garage or shed, or behind walls, gates or fences. Adding lay up months reduces your insurance premium by 5% for each month you add. During lay up you’re still covered for fire, theft and storm damage at the storage location. Lay up also covers the boat whilst being moved to / from and whilst at a dealer or service centre for normal servicing and maintenance.
Lay up can be added to new policies and policy renewals, but not mid policy. If you’d like to use your boat during a lay up month, simply let us know via our member portal or call us on 0800 11 CLUB (2582) and pay any difference in premium.
With Market Value, the amount paid out may be less than what is shown on the schedule. That’s because the amount on the schedule represents a maximum payout, and what you will get is dependent on the actual sale value of the boat at the time of the loss.
With Agreed Value, the amount paid out will be based on what you agree with Club Marine – but you may need to provide evidence to confirm what you are proposing is reasonable, for example, a valuation or evidence of the purchase price.
To find out more, read our Policy Wording.