Comprehensive Boat insurance
Comprehensive boat insurance covers a wide range of damages and liabilities, including those caused by natural disasters, theft, and accidents.
Simple and easy online comprehensive insurance for boats
Comprehensive boat insurance with New Wave Marine covers a wide range of damages and liabilities, including those caused by natural disasters, theft, and accidents. It also covers Personal Effects and Equipment and Accessories, such as Fishing Gear or safety equipment, and provides liability coverage for passengers and other boaters. This means that if your boat is damaged or stolen, or if you are responsible for damages or injuries to another boat or individual, your comprehensive insurance policy will cover the costs.
Exploring Boat Insurance Options: Balancing Protection and Affordability
When deciding on the appropriate boat insurance for your needs, it is crucial to take into account both the value of your boat, your financial situation and any additional coverage requirements you might have, while also considering national and state laws, geographical limits, and potential damage to your boat. Although comprehensive insurance tends to offer higher levels of protection, it often comes with a higher premium.
New Wave Marine provides a range of boat insurance options tailored to suit your specific needs and financial considerations. Reach out to us today for a quote, and allow our team to assist you in finding the optimal coverage for your beloved vessel, taking into consideration the relevant national and state laws, geographical limits, and potential damages to your boat.
Key Benefits for comprehensive boat insurance with New Wave Marine
- Cover for trailer: This type of insurance goes beyond covering just your boat, extending its umbrella of protection to safeguard against potential damages or losses to both your boat and the trailer used for its transportation. Rest assured that both your boat and its accompanying trailer are adequately protected.
- Includes legal liability cover: This protects you financially in case you are held responsible for causing bodily injury or property damage to others while operating your boat. This coverage provides peace of mind and safeguards your finances in the event of an accident or mishap.
- Sailboat racing cover options: For boat owners who participate in sailing races, comprehensive boat insurance may offer specific coverage options tailored to racing events. These specialised coverage options provide protection during races, including coverage for yacht racing equipment and any associated risks that may arise during competitive sailing.
- Sporting equipment cover: This includes coverage for sporting equipment related to boating activities. This can include coverage for water skiing or water sports equipment such as water skis, wakeboards, or fishing equipment. Having this coverage ensures that valuable sporting equipment is protected against theft, loss, or damage while on your boat.
Types of boats covered
New Wave Marine offers comprehensive cover for a variety of different boat types.
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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
