Boat Insurance NZ
Boat Insurance Policy
At Baileys Insurance, we understand that your boat is more than just a vessel. Your boat is your escape, your adventure, and your investment. Our boat insurance policy is designed to fit your unique needs with flexible coverage options that keep you protected on the water. Enjoy peace of mind and more time on the open waves with our quick and easy online quote process.
*Unfortunately, we are unable to quote for your boat if it is aged 50 years or older. We are also unable to quote if you are currently insured with Nautical Insurance, Vero Marine or if your boat is registered outside NZ.
If your boat is transported on a trailer, you need insurance that covers both your vessel and its trailer. Our trailer boat insurance is designed for those who tow their boats to various destinations. It protects against damage during transport, accidental collisions on the road, and theft when your boat is not in the water. With our expert advice, you can secure a policy that covers all aspects of your boat trailer ownership at competitive premium rates.
For boat owners who keep their vessels moored at marinas or harbours, moored boat insurance offers specialised protection. This cover takes into account the unique risks associated with being docked. From storm damage and vandalism to potential mishaps in busy marinas, our policies are designed to provide peace of mind while your boat is safely berthed. Trust Baileys Insurance to provide cover that matches your mooring needs, ensuring your boat remains secure even when it’s not sailing.
For those who own a luxury yacht or a high-value vessel, our yacht insurance covers the finer details. We understand that a yacht is not just a means of transport but a statement of lifestyle. Our tailored yacht insurance policies include higher coverage limits and flexible options to safeguard your investment against a range of risks. From accidental damage while out on the water to comprehensive liability coverage, our expert team is here to help you navigate the complexities of insuring your prized yacht.
Comprehensive Coverage Options for Your Boat
Our insurance offers robust protection so you can navigate New Zealand waters with ease. We provide cover for a wide range of risks, including accidental damage, theft, and liability. Plus, we understand that no two boats are alike. That is why we offer specialised coverage for various types of watercraft, ensuring you have the right protection for your unique situation. Explore some of our tailored options below:
Why Choose Baileys for Your Boat Insurance?
At Baileys Insurance, your needs come first. Here is why boat owners trust us:
Local Expertise
With decades of experience in New Zealand’s marine insurance market, we understand the unique challenges of our coastal waters.
Independent Advice
As an independent broker, we compare a range of A-rated insurers for the best policy for your boat. We prioritise your needs, not any one insurer.
Tailored Solutions
If you require coverage for accidental damage, theft, or third-party liability, we can customise your policy to match your boating lifestyle.
Competitive Premiums
Our strong relationships with local insurers mean that you get competitive rates without compromising on quality cover.
Easy Online Process
Get an insurance quote and insure your boat quickly and easily. When you need to make a claim, our hassle-free process keeps things simple.
What Our Boat Insurance Policy Covers
Our boat insurance policy offers comprehensive protection for your boat and its essential components. Below is an overview of the key areas of coverage provided by our policy:
Accidental Damage
We cover loss or damage caused by accidents, including physical damage incurred during collisions, groundings, or other unexpected incidents. This protection applies if the boat was seaworthy at the beginning of a voyage.
Theft and Malicious Damage
Your vessel is protected against theft and vandalism. If your boat or its critical components, such as trailers, outboard motors, or onboard equipment, are stolen or suffer malicious damage, our policy ensures that you are covered.
Clean-Up and Pollution
In the event of an accidental discharge or leakage of oil, diesel, or other harmful substances, we cover reasonable clean-up costs. This benefit helps manage pollution hazards and minimise environmental impact.
Wreck Recovery and Removal
If your boat is declared a total or constructive total loss, our policy covers the reasonable expenses associated with recovering or removing the wreck. This support helps reduce the financial burden following a major incident.
Legal Liability
Our policy provides robust legal liability cover that protects you against claims arising from accidental injury or damage caused by your boat to other people or their property. This cover extends to incidents involving a substitute vessel when you operate one under the required conditions.
Personal Accident Cover
Limited personal accident cover is included for you and other insured individuals. Should you sustain an injury while aboard your boat, this benefit assists with covering associated medical expenses and related costs.
Equipment and Accessories
We also provide cover for fixtures, fittings, and additional gear installed on your boat. Essential equipment, including navigational aids and safety devices, is covered against accidental loss or damage during use or marine transit.
Optional Additional Benefits
Optional extensions are available to further customise your cover. These additional benefits may include protection for competitive yacht racing risks, extra cover for fishing or diving equipment, and protection for floating moorings, dry docks, or air berths. These options help ensure that your policy meets your unique needs.
Protect Your Marine Vessel Today
Baileys Insurance is passionate about protecting your marine vessel, from trailer boats to moored launches and yachts. We work closely with our clients to understand their unique needs and connect them with the best marine insurance options.
Don’t wait for an accident or mishap before securing your vessel. Contact our team today, and let us provide you with a customised quote that suits your specific needs. With Baileys Insurance by your side, you can confidently set sail and enjoy the waters without worry!
Frequently Asked Questions: General Boat Insurance
How Much Is Boat Insurance On Average?
The cost of boat insurance in New Zealand varies depending on factors such as the type, age, and value of your boat, along with its intended use and the level of cover you choose. For smaller vessels and basic cover, premiums can start from a few hundred dollars per year. In contrast, larger or more luxurious boats can incur higher costs. The best way to determine an accurate price is to request a quote that considers your specific circumstances.
Do You Have To Have Insurance On A Boat?
There is no legal requirement for private boat owners in New Zealand to have insurance on their vessel. However, coverage is strongly recommended. Insurance protects you from costly repairs, potential liability claims, and other unexpected events. In addition, some marinas, lenders, or boating clubs may require you to have insurance. Securing appropriate cover can provide peace of mind and safeguard your investment.
Does Boat Insurance Cover Storm Damage?
Most boat insurance policies include cover for storm damage. This means your policy typically protects against structural damage, repair costs, and related issues caused by severe weather such as heavy rain, strong winds, and lightning strikes. It is important to review your policy details since some exclusions or conditions may apply. If you have any questions, our team at Baileys Insurance is here to help ensure your cover meets your needs.
How do I file a claim with Baileys?
You can file a claim by contacting our claims team via phone or email. We offer a streamlined claims process that includes an online form. Be ready to provide your policy number, a detailed account of the incident, and any pertinent documents.
What steps should I take if my boat is damaged or stolen?
First, report the theft or damage to the appropriate authorities if necessary, and then inform Baileys of the incident to initiate the claims process. Provide detailed information and any evidence that could support your claim, such as photos or official reports.
