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Let your dreams set sail and relax knowing that you’re covered with CGU’s Boat Insurance against the unexpected, such as theft, fire, malicious damage and stranding or capsizing. CGU covers damage that occurs while loading and unloading your boat, as well as collision with other watercraft, jetties, submerged objects or motor vehicles.

Boat Insurance Cover includes the hull, motors, equipment, accessories and tolls, sails, masts, spars, standing and running rigging, trailer, contents, and any tender boat or dingy in conjunction with the boat which does not have a speed capable of exceeding 20 knots.

What is included?

  • Two add-on Agreed Value and Extra Cover options
  • Automatic 14 day cover for new boat replacements
  • New boat replacement if less than 2 years old
  • No claims bonus rewards 

PLUS broaden your scope of cover by adding any of the following options:

Contact Us for a Quote

Product Disclosure Statement 

  Add-on Options:

Agreed value

Cover includes the hull, motors, equipment, accessories and tolls, sails, masts, spars, standing and running rigging, trailer, contents, and any tender boat or dingy in conjunction with the boat which does not have a speed capable of exceeding 20 knots.

Extra Cover

For yacht racing, water skiers and aquaplaning liability.

 

  Our relationship with CGU:

Boat Insurance Cover is one of many comprehensive range of insurance solutions at Gateway Bank

Founded more than 160 years ago, CGU is one of Australia’s leading insurers. It’s because of CGU's experience, security and strength – as well as its prompt, efficient and friendly claims service – that we’ve made it our general insurance provider.

  Need to make a claim?

Call CGU on 1300 886 022

CGU are available to take your call 24 hours, 7 days a week to ensure you have the best support when the unexpected has happened. 


 

  Additional Product Information:


Important information:

1. This Insurance is issued by Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 trading as CGU Insurance. If your home is in Western Australia, Tasmania or the Northern Territory, the insurer providing the Domestic Workers’ Compensation optional cover is Insurance Australia Limited trading as CGU Workers Compensation ABN 11 000 016 722.

 

2. In arranging this insurance, Gateway Bank acts under its own AFSL and under an agreement with CGU Insurance.

3. This information is only a general description of cover and any financial product advice provided is of a general nature only and does not take into account your personal circumstances. Before making a decision about this product, please refer to the Product Disclosure Statement and our Financial Services Guide