Older Boat Insurance
Older boat insurance from New Wave Marine covers damages, theft, and liabilities, giving you peace of mind while enjoying your beloved vessel on the water.
Hassle-Free Insurance Coverage for Classic Boats
Older boats hold a special place in our hearts and are a significant investment. That's why we offer boat insurance coverage to protect your vessel against unexpected damages or accidents.
As a boat owner, you know the joy of spending time on the water and the importance of meeting your boating needs. But as your vessel ages, it becomes more vulnerable to damages, theft, accidental loss, and liabilities. That's where we come in. At New Wave Marine, we offer premium comprehensive insurance for older boats. Our insurance policy is tailored to fit the unique needs of older vessels, ensuring that you have the protection you need while enjoying your boat.
Don't let the fear of the unknown hold you back from enjoying your older boat to the fullest. Contact us today for a quote and secure the future of your beloved vessel. With New Wave Marine, you can have peace of mind on the water.
Key Benefits Insuring Your Older Boat With New Wave Marine
- Alternative options for classic boats - At New Wave Marine, we believe that every boat, regardless of its age or type, deserves comprehensive protection and that's why we take a more inclusive approach to insuring older boats than many other providers.
- Flexibility in survey report requirements - We understand that obtaining a survey report for older boats can sometimes be challenging. Therefore, in many scenarios, we are willing to consider insuring older boats even without a survey report.
- Third party only options - With our 3rd Party Only cover options, you can rest assured that your boat, yacht, or even water skiing activities are covered in case of third-party liability claims.
Types of older boats covered
New Wave Marine is an insurer dedicated to providing comprehensive insurance coverage for all types of older boats, including fibreglass boats, classic wooden boats, and boats of any make, model, or age. Whether you own a vintage sailboat or a timeless powerboat, New Wave Marine is committed to ensuring that your vessel is eligible for their specialised insurance offerings.
Explore Blog categories
Frequently Asked Questions
What does the New Wave Marine Boat insurance policy cover?
The New Wave Marine Boat insurance policy covers various aspects of boat ownership, including:
- Physical damage coverage: This covers damage to your boat and its equipment, including the hull, motor(s), equipment and accessories, sails, masts, spars, standing and running rigging, tender, and trailer caused by accidents, fire, theft, or vandalism.
- Liability coverage: This covers you if you cause damage to another person's property or if you injure someone while operating your boat. Also included is the costs for the rescue of you, your passengers or your crew, the costs of salvaging your boat and the costs of any attempt or actual raising, removal or destruction of the wreck of your boat
- Towing coverage: This covers the cost of emergency towing, You do not need our authority to take such action if it is an emergency. However, you must advise us as soon as possible after the action has been taken.
- Personal effects coverage: This covers personal items that are on your boat, such as clothing, binoculars, mobile phones, prescription glasses and sunglasses, waterproof gear, bags, eskies, wine coolers, shoes, wallets or purses (excluding cash and credit cards), toiletry articles, hats or caps, keys or pens, portable radios, MP3 players and compact disc players.
Are trailers covered?
Yes, trailers are covered while they are being used to transport your boat, or while they are stored at the same premises as your boat. However, please note that there are certain conditions and exclusions that apply, and it is recommended that you refer to the PDS for a full description of coverage.
Will I need a survey report to get cover with New Wave Marine?
The necessity of a survey report depends on various risk factors. To determine whether you need one, simply fill out the quick online quote form. If a survey report isn't required, you will receive an instant quote and can proceed with purchasing the policy right away.
Does the New Wave Marine policy offer 3rd party only cover?
Yes, New Wave Marine offers Third-Party Only coverage, simply complete our online quote form.
Does the New Wave Marine 3rd Party Only policy cover removal of wreck and pollution?
The New Wave Marine 3rd Party Only policy provides coverage for the costs associated with raising, removing, or destroying the wreck of your boat in case of any attempt or actual incident. Additionally, it also covers any sudden accidental discharge, release, or escape of fuel, lubricants, or sewage from the holding tanks of your boat. If such an incident occurs, you could be legally liable for any resulting loss, damage, or contamination. The policy offers coverage up to $500,000 for such liability.
How do I lodge a claim?
To complete the Claims Form, go to the New Wave Marine website and click "Make a claim", Login with your email address and policy number, Click "new claim", complete the quick online claim form, and click submit. Your claim will then be sent directly to Berkshire Hathaway Specialty Insurance acting through its agent New Wave Marine. If you require any assistance call us on 1300 121 046
What types of loss or damage does the policy cover for my boat?
The policy covers accidental loss or damage, theft, and vandalism, provided these occur within the policy's effective dates and geographical limits.
How do I file a claim if something happens to my boat?
You can file a claim by notifying the insurer as soon as possible, completing the required claims form online, and providing any necessary documentation as specified in the policy.
Are there any specific conditions under which the policy will not pay for loss or damage?
Yes, the policy will not cover wear and tear, osmosis, deterioration from vermin or marine organisms, and damage from inherent defects or faults present before the policy commencement.
What should I do to ensure my claim is processed smoothly?
Take all reasonable precautions to prevent further loss, report the damage to the police if necessary, and cooperate fully with the insurer's assessors and investigators.
Marine Insurance for all types of boats
