Business & Commercial

Boat Quote & Insure

Life & Health


Previous slide
Next slide
Moored boat insurance

Owning a boat in New Zealand is a cherished privilege for many enthusiasts. Whether for leisurely cruising along the stunning coastlines or fishing in the pristine waters, boats offer a gateway to unforgettable experiences. However, along with the many joys of boat ownership come responsibilities and risks. One essential aspect that all boat owners should prioritise is securing moored boat insurance.

Here, we will explore the significance of boat insurance for moored vessels in New Zealand and provide insights into finding reliable insurance providers. Even if you’re on the fence about whether you really need it or not, we encourage you to learn more so that you can make an informed decision. 

The Importance Of Moored Boat Insurance

So, why exactly is boat insurance essential? Here are just a few of the many reasons why so many boat owners choose to invest in boat insurance:

It Provides Protection Against Unexpected Events. Moored boat insurance serves as a vital safety net, offering financial protection against a range of unexpected events. From storms and collisions to theft and vandalism, boats are exposed to various risks while moored. Having comprehensive insurance coverage ensures that boat owners are financially safeguarded in the event of damage, loss or liability arising from such incidents.

You can’t protect your boat from every accident, especially since there are plenty of other boats on the water, but you can add a layer of protection with moored boat insurance. 

You Can Safeguard Your Investments. For many boat owners, their vessel represents a significant financial investment. Many marine enthusiasts have spent heaps of money making sure their favourite vessel is in the best condition it can be in. Boating isn’t always just a fun hobby that allows you to enjoy the ocean even more; it’s an investment that can cost quite a lot of time and money. 

Boat insurance helps safeguard this investment by covering the costs of repairs or other needs in case of damage or loss. Without insurance, boat owners risk bearing the full financial burden of repairs or replacement, which can be substantial and potentially devastating.

Liability Protection. Liability coverage is a crucial component of moored boat insurance. Accidents happen, and boat owners may find themselves facing legal claims for property damage or bodily injury caused by their vessel. Liability insurance helps protect boat owners from the financial consequences of such claims, including legal defence costs and settlement payments.

Peace Of Mind. Beyond financial protection, boat insurance provides peace of mind to boat owners. Knowing that their vessel is adequately insured allows owners to enjoy their time on the water without worrying about potential risks and liabilities. It enables them to focus on creating lasting memories with family and friends, knowing that their investment is protected.

There’s already enough to stress about in life – why not give yourself some much-needed peace of mind with boat insurance? 

Finding Reliable Insurance Providers In New Zealand

When selecting moored boat insurance, choosing the right insurance provider is paramount. Here are some tips for finding reliable insurance providers in New Zealand:

  • Consider Your Coverage Needs: Assess your specific coverage needs based on factors such as the type and value of your boat, where it will be moored and how it will be used. Choose a boat insurance policy that offers adequate coverage for your unique requirements, including liability protection, hull coverage and optional extras.
  • Review Policy Terms. Carefully review all of the terms and conditions of insurance policies before making a decision. Pay attention to coverage limits, exclusions and any additional benefits or discounts offered by insurers. Ensure that you understand the full extent of coverage provided and any obligations or responsibilities as a policyholder. Choosing an NZ insurance provider is a significant decision, so you should always read through their policies carefully and thoroughly before you choose any provider.
  • Assess Communication Skills. You need an insurance provider who can communicate well so that you can stay on the same page. Before you settle for any provider, contact them and ask any questions you may have. Your insurance provider should speak and listen clearly and professionally, and they should take care to address any concerns you have.

Sailing Safely: Protecting Your Treasured Vessels In Aotearoa

Moored boat insurance is a fundamental aspect of responsible boat ownership in New Zealand. By securing comprehensive insurance coverage, boat owners can protect their investments, mitigate risks and enjoy peace of mind while navigating the country’s beautiful waters.

Are you a boat owner looking for insurance? Then just speak to us at Baileys Insurance, and we’ll see what we can do for you. Our marine insurance could be exactly what you need.

Aside from marine insurance, we also offer business insurance, life and health insurance and more.

Are you ready to talk? We’re here to help. Call our team on 0800 898585 to get started.

In the vast expanse of New Zealand’s oceans, a safe harbour awaits those who prioritise protection through moored boat insurance with Baileys Insurance.

Please click ‘Read and Accepted’ button below to begin your quote.

Disclosure Statement - New Zealand Based Vessels

Please take the time to read this Disclosure Statement as it’s an important document. Once you have done that, please click on the “Read and Accepted” button to begin your quote.

Licence status and conditions

Baileys Insurance Ltd holds a financial advice provider licence, issued by the Financial Markets Authority (FMA) to provide financial advice.  
Our Financial Markets Authority Reference Number is: CAS-75396-Y7R8M1 / NTF220538567.

Nature and scope of financial advice service

This website is an on line facility to purchase pleasure craft insurance for your recreational vessel. This does not provide quotations or advice on any other insurance product. The insurance policy here is underwritten by the marine division of Vero Insurance NZ Ltd. This facility does not provide any comparisons or quotations on any pleasure craft policies from other Insurers. The policy available here has been arranged based on our extensive experience in the marine insurance market. Key features and benefits unique to Baileys Insurance are highlighted in the full quotation provided. Once the policy is purchased, we provide expert assistance with any claims you may need to make. This on line system is set up for boat owners to obtain boat insurance. All of the policy information is available before you make your decision to purchase. If you have any questions or would like to discuss any aspect of the policy or coverage please call us on 0800 89 85 85. The on line facility is only used for new business. Your policy will be reviewed each year and a renewal offer will be sent to you prior to the policy expiring. You are free to turn down this offer. The on line facility can be cancelled at any time without any notice being given.

Fees, expenses or other amounts payable

We charge a policy fee to help cover administration costs.  The fee for trailer craft is NIL.  The fee for moored vessels is:
Up to $100,000 sum insured: $50.
Over $100,000 sum insured:  $75.
Any fee charged will be clearly shown on your invoice and is part of the total amount due.

Premium funding

Premium funding products enable you to pay the insurance premium over the term of your policy by instalments rather than as one amount. Premium funders charge interest and they take a power of attorney over your insurance policy, which means they have the ability to cancel your insurance policy if you fail to pay an instalment.  We own Baileys Premium Funding Ltd, a premium funding company.  Under certain circumstances this company may allow you to fund your premium allowing you to spread the payments over the term of your policy.  Additional charges apply, which will be clearly advised to you if we agree to you using this facility.

Commissions and incentives

Our remuneration is paid by Vero Insurance Ltd, by way of commission. The commission rate is 20% of the Company Premium shown on your invoice. We are also a member of Steadfast NZ Limited (Steadfast). Steadfast supplies technology platforms, management, marketing, professional, technical, and buying benefits and services to support us in providing our financial advice. Steadfast has arrangements with insurance companies under which Steadfast receives a professional services fee of up to 1.5% of the premium paid for each policy arranged by us with those insurers. These payments are used to operate Steadfast. We will receive a proportion of the professional services fee paid to Steadfast, being 35% of that fee. This will be paid to us by Steadfast at the end of each financial year.

We receive no other incentives or inducements.


If you are unhappy with this financial advice service, please contact us immediately so we can put things right.

If you wish to make a complaint, you can contact us as follows: 

  • Call us on 0800 89 85 85 between the hours of 8.30 am – 5.00 pm week days 
  • Email us at:
  • Write to us at:  P O Box 101-101 North Shore, Auckland 0745, addressing your letter to the attention of Peter McEvoy

How your Complaint will be handled

We will attempt to resolve any issue of dissatisfaction with you immediately.  We will send you an acknowledgement of your complaint within five working days of your complaint being notified to us.  This letter or email will provide you with our timeline to respond to you and the name of the person who will be managing our response.  We will investigate the circumstances and contact you to try to resolve the complaint to your satisfaction.  It is important that you provide us with all relevant information.

We will provide you with a written update within 20 working days of receiving your complaint.  If we are unable to provide a full response to you at that point, our letter will explain why we are not yet in a position to do so, and tell you when we will next contact you.  40 working days (maximum) after the receipt of your complaint we will issue a final resolution.  If we need to continue our review past this point, we will explain to you the reason for the delay and the required timeframe to provide a full response. At this point, if you feel that the delay is unsatisfactory, you can redirect your complaint to our external dispute resolution service provider detailed below. 

If we are unable to resolve your complaint

We expect that our response to you will have addressed the concerns you have raised. If you feel that your concerns have not been appropriately considered, we invite you to submit any further information for consideration.  If we are unable to resolve your complaint despite our best efforts, you can contact our external dispute resolution scheme, who provides a free and independent dispute resolution service.  The contact details for our external dispute resolution service provider are: 

Financial Services Complaints Limited

Contact details

Baileys Insurance Limited (FSP721031) is the Financial Advice Provider.  We can be contacted as follows:
Postal: P O Box 101 101 North Shore, Auckland 0745
Telephone: 09 4448860 or freephone 0800898585

Please click ‘Read and Accepted’ button below to begin your quote.