Pleasurecraft / Marine Hull Insurance

Cover at a glance

Covers physical damage to your vessel as well as liability to third parties
Multiple coverage options available

Policy Overview

Pleasurecraft Insurance, also known as Marine Hull Insurance, provides essential cover for boat owners, protecting their vessels from physical damage as well as covering liability to third parties. Whether you own a yacht, speedboat, or fishing vessel, this insurance safeguards your investment against risks on the water. Coverage can also be extended to include participation in yacht racing, offering specialised protection for more adventurous boat owners.

The right Pleasurecraft Insurance is crucial, whether your boat is trailered, moored, or berthed. Comprehensive protection ensures that your vessel is covered against various risks such as accidental damage, fire, theft, and collision. Additionally, Water Skiers Liability can be added to the policy, which protects against claims arising from water skiing activities involving your boat. If your boat is not in use for an extended period, you can take advantage of Lay-up Cover, which reduces premiums while the vessel is safely stored or out of commission.

Pleasurecraft Insurance can be tailored to meet your specific needs, whether you are an occasional sailor or a competitive yacht racer. The flexibility of the policy allows boat owners to customise their coverage based on the size of the vessel, its use, and any specific risks they face on the water. This ensures peace of mind whether you are cruising leisurely, engaging in water sports, or competing in races.

The information provided on this page that may have been implied is General Advice only and does not take into consideration your specific needs, risk appetite or financial requirements. Please contact our office to discuss and review your needs and the appropriate financial product best suited to meet your requirements . Before purchasing any financial product, you should always read the Product Disclosure Statement to ensure the product is suitable for your needs.

Frequently Asked Questions

What does Pleasurecraft Insurance cover?

Pleasurecraft Insurance covers physical damage to your boat or vessel caused by a range of incidents such as collisions, theft, fire, and accidental damage. It also includes third-party liability cover, protecting you in the event that your boat causes damage to other vessels, property, or injury to others.

Can I get coverage for yacht racing?

Yes, many Pleasurecraft Insurance policies can be extended to cover yacht racing. This ensures that if your vessel is damaged or involved in a third-party claim while participating in a race, you will be financially protected. It’s important to confirm with your insurer that yacht racing coverage is included in your policy if you plan to compete.

What is Water Skiers Liability, and should I include it?

Water Skiers Liability is an optional add-on that provides cover for claims arising from water skiing activities involving your vessel. If someone is injured or property is damaged as a result of water skiing behind your boat, this coverage will help protect you from liability claims. It’s recommended for boat owners who regularly engage in water sports.

What is Lay-up Cover, and when can it be applied?

Lay-up Cover applies when your boat is out of use for an extended period, such as during winter or when it is in storage. During this time, you are not paying for full coverage, but your vessel is still protected against risks like fire, theft, and damage while it’s not in use. This helps reduce your premiums while ensuring your boat is safeguarded.

Is my boat covered when it’s trailered or moored?

Yes, Pleasurecraft Insurance provides coverage whether your boat is on the water, trailered on land, or moored at a marina. Your policy can be tailored to account for different risks depending on where your vessel is kept, ensuring that you have protection in place regardless of its location.

Do I need third-party liability coverage for my boat?

Yes, third-party liability cover is essential for all boat owners. It protects you in case your vessel causes damage to another boat, property, or injury to a person. Without third-party liability cover, you could be responsible for costly legal and compensation fees, so it’s a crucial part of any Pleasurecraft Insurance policy.

Related Services

Motor Vehicle Insurance

Whether you have a fleet of vehicles or only one, Motor Vehicle insurance is an important cover due to the relative frequency of incidents.

Property Insurance

Property Insurance provides cover against physical damage to your buildings, contents and equipment.

Marine Cargo Insurance

Cover is provided on an all risks basis for damage to cargo that is either being imported or exported worldwide.

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