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Policies
Boat Insurance
Whether you’re out fishing in a runabout, exploring open waters in a yacht, towing skiers behind a ski boat, or simply cruising Australia’s coastline and waterways in your motor cruiser, your boat is a major part of your lifestyle. That’s why choosing the best boat insurance is essential. At New Wave Marine, we make it easy to get reliable, affordable Australian boat insurance that fits your craft, your lifestyle, and your budget.
Why Do You Need Boat Insurance?
Owning a boat comes with risks—accidents, weather damage, theft, and liability claims can be financially devastating. Without proper boat insurance, you could be responsible for costly repairs or legal payouts. If your boat is financed, your lender may require your boat to be properly insured. In some marinas and yacht clubs, proof of cover is mandatory. Boat insurance helps protect your vessel and covers your legal liability if your boating activity causes injury or damage to another person or their property.
New Wave Marine, Best Boat Insurance Choice in Australia?
At New Wave Marine, we provide cover to suit a wide range of craft from dinghies, small runabouts, RIB’s, speed boats and ski boats to high-end sailing and motor yachts. We’re trusted across Australia for our affordable premiums, quick online quoting, and simple claims process. Whilst your boat is on the water, in transit or in storage, we offer cover for:
Accidental Damage – Collisions, striking of submerged objects and other accidents causing damage to your boat
Theft, Fire & Vandalism – Insures loss and damage due to fire, theft, vandalism or natural disasters.
Storm & Weather Events – Including hail, cyclones, and flooding etc.
Legal Liability – Cover for injury, liability or damage caused to others.
Towing & Salvage – Reasonable expenses for emergency recovery and removal of wreck
Accessories & Equipment – Cover for navigation gear, canopies, motors, water sports equipment and more.
Our range of policies effectively cover the risks of loss or damage to the insured boat/ PWC / caravan/ trailer and your legal liabilities arising from ownership or operation of these unless otherwise excluded in the policies.
Comprehensive / Third-Party Only Boat Insurance Cover Options
When choosing boat insurance cover, you can choose from comprehensive boat insurance or third party only boat insurance cover.
Comprehensive Boat Insurance
Covers your boat for accidental damage, theft, fire, storms, and malicious acts plus third-party liability. It’s ideal for full protection whether your boat is on the water, ashore, in transit or in storage.
Third-Party Boat Insurance
3rd party boat insurance covers your legal liability if your boat causes damage to other people’s property or injures someone and your legal liability for removing your wrecked or damaged boat. A budget-friendly option if you just want essential cover.
Types of Boat Insurance We Offer
At New Wave Marine, we offer specialised insurance across multiple boat types.
Power Boat cover
Our power boat cover is suitable for craft with outboard or inboard motors. It includes:
- Speed boat cover
- Runabout cover
- Motor Cruiser cover
- Water Skiers Liability cover
Sailing Boat Insurance
We offer specialised policies for sailing craft. Whether you race, cruise or explore, our policy covers your yacht:
- Catamaran cover
- Trailer sailer cover
- Cruising yacht cover
- Racing yacht cover
- Sailing dinghy cover
PWC or Jet Ski Insurance
Protect your Personal Watercraft with PWC-specific policies that include cover for on-water use, transport, storage, and legal liability.
- PWC Insurance for recreational and high-performance models
Speciality Boat Insurance
Own something unique? We can cover one-of-a-kind and classic vessels too:
- Custom built boats
- Timber build craft
Boat Insurance Quotes Made Simple
We’ve made it quick and easy to get your boat insurance quote online. Enter some basic details about your boat, how you use it, and where it’s stored. No lengthy forms, no hassle - just easy and fast quotes for cover that suit your boating lifestyle.
Get a Boat Insurance Quote
Looking for something else? [Jet Ski Insurance] [Caravan Insurance] [Camper Trailer Insurance] [Trailer Insurance] [Horse Float Insurance]
Hear what our customers have to say!
FAQ – Boat Insurance
1. What types of boats do you insure?
We insure a wide range of recreational boats including power boats, dayboats, sailboats, PWC or Jet Skis, water ski boats, cruisers, yachts, runabouts, and even classic timber boats.
2. Do I need insurance for a small runabout or trailer boat?
Yes. Even small vessels can cause costly damage in an accident. Our runabout insurance ensures you’re protected whether you're on a lake, river or on the coast.
3. Is yacht insurance different from boat insurance?
Yacht insurance is the same as boat insurance.
4. How do I get a boat insurance quote?
Use our online form to enter your boat type, value, and usage details. Our system delivers fast and easy boat insurance quotes based on your needs. If a survey is needed, get our Self Survey App, download on your smart phone and save considerable amounts paying for survey reports that are normally required by insurers.
5. Are sailing and power boats insured differently?
Not really. But, sailing craft and power boats have different risk factors and they are used in different ways and different insurance policy extensions are available. Power boats are used for towing water skiers and sailing yachts often participate in regattas and races.
Disclaimer: The information provided in this page is intended as general advice only and does not take into account your personal circumstances, financial situation, or specific needs. Read the PDS for more information.
