Private Marine Boat Insurance
Key benefits for Cruiser owners can include, but are not limited to:
- Automatic Watersports equipment cover up to $10,000, limit $1,500 for each item;
- $10,000,000 Legal Liability as standard (other limits available upon request);
- 100nm full race cover for Yachts and Catamarans included at no additional cost;
- Yacht Fee reimbursement cover up to $2,000*;
- Fishing Tournament Entry fees cover up to $2,000*;
- Lost keys cover up to $1,500;
- Personal accident cover for the named insured up to $50,000;
- No depreciation deduction on claims for mechanical or electrical components of the motor up to 5 years in age;
- Agreed value for 2 years on new boats from the date of first registration*;
- Nil excess for loss or damage suffered while moored at usual berth, excluding swing moorings;
This is a summary only and does not form part of the Product Disclosure Statement or Policy Wording. Mercantile Insurance Brokers does 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 please consider the applicable Product Disclosure Statement and Policy Wording