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Boat Insurance

We have an extensive range of marine insurance products to protect you, your family and your new boat.

You can feel confident knowing that Boat Finance’s insurance providers have the strength, size and support that come from being underwritten by some of the world’s biggest companies while still providing an enthusiastic level of customer support in times of need.

Take a look below for more information about the marine boat insurances offer such as Comprehensive Insurance, GAP Cover (shortfall insurance), Loan Protection Insurance and Extended Warranty.

Comprehensive Insurance

Comprehensive Marine boat insurance provides you with protection if your craft experiences accidental loss or damage, as well as cover for death or injury to other people, and damage to property.

We all know that accidents may occur, no matter how careful you are in the water. Travel with confidence knowing you’re covered by comprehensive boat insurance cover at very competitive rates.

Extended Warranty

Feel secure with Extended Warranty Insurance safeguarding you against faults or breakdowns. Extended Warranty covers all the major mechanical and electrical items of your craft. 

GAP Cover

In the unfortunate event that your boat is stolen or written off, GAP Cover pays out the difference between what your insurer pays out and what is left of your loan. This relatively cheap and valuable cover is also known as Shortfall insurance.

YIPS - Your Incidental Payment Solution

Sometimes called a cash Gap - Provides a lump sum payment in the event your Boat is written off by your comprehensive insurance company regardless of what expenses you actually

Incur. Such a lump sum can go a long way in helping you replace your boat. Similar to Total Loss Incidental Expense Benefit described below but can be for longer terms 36 to 60 months and higher amounts $3,000 to $5,000.

Total Loss Incidental Expense Benefit

If you have added protection that should the Boat be declared a Total Loss by Your Comprehensive Insurer within 6 months from the start of your loan, you will be paid a lump sum benefit of $3,000 to help with the incidental expenses you may incur when replacing your Boat.

Loan Protection

Loan Protection Cover pays your loan repayments in the event that you cannot work due to illness, injury or involuntary unemployment. It will even pay out the remaining balance up to the policy limit in the event of your death.

Marine Insurance Quote

For an easy, obligation free quote or enquiry on marine boat insurance just fill out the online form here.

Insurance Quote Form

Boat Finance arranges insurance as an agent or a distributor of the following insurers; Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708, Club Marine Ltd ABN 12 007 588 347 AFS 236916, Swann Insurance (AUS) Pty Ltd ABN 80 000 886 680 AFS 238 292, AAI Limited t/a Suncorp Insurance ABN 48 005 297 807 AFS 230859, AVEA Insurance Ltd ABN 18 009 129 793 AFS 238279, Australian Warranty Network Pty Ltd ABN 78 075 483 206 AFS 246469 and National Warranty Company Pty Ltd ABN 66 087 662 771 AFS 290572. We do not provide advice on this insurance based on any consideration of your objectives, financial situation or needs. Policy terms, conditions, limits and exclusions apply. Before making a decision about insurance please consider the relevant Product Disclosure Statement available from us. If you purchase insurance through us we may receive a commission which is a percentage of the premium. Ask us for more details before we provide our services.

  • Suncorp Bank
  • AFS
  • CIL Insurance