Boat Insurance.

Benefits.

Cover wherever your boat is. You’re protected on the water, at home, in storage or on the road with your trailer.
Cover for accidental damage and loss. Westpac boat insurance covers you for sudden, accidental damage, including theft and fire.
New for old replacement. If your boat is insured from new and written off in the first three years, we’ll try to replace it with a new one of the same make and model.
Optional lay-up cover. Pay a reduced premium for the period your boat is not in use (eligibility criteria applies).
Optional cover for your gear. Add cover for things like fishing, diving or water sports equipment while in use or onboard.

Types of boats we cover.

Trailer boats and runabouts. Insurance for common trailerable powerboats used for fishing, cruising and day trips.
Jet skis and personal watercraft. Cover for standalone recreational watercraft designed for high-speed riding.
Launches and cruisers. Cover for moored launches, like cruisers, sport fishers or sedans. Cover also includes your tender if you have one.
Yachts. Cover for wind-powered sailing vessels used for cruising or recreational sailing.
Trailer Sailers. Flexible cover for sailboats that can legally be transported on land and launched when needed. Includes storage.
Off-beach boats and dinghies. Protection for smaller, lightweight sailing craft used for training or casual sailing.

What's covered.

Here are the key benefits of Westpac boat insurance.

	Boat Comprehensive
Accidental loss If your boat suffers accidental loss we'll pay market value or sum insured, whichever is less.	✓
Multi location cover We provide cover for loss that happens to your boat, on land, on water, in storage or on its own trailer.	✓
Fire and theft cover If your boat is stolen or damaged by fire we'll pay market value or sum insured, whichever is less.	✓
3 year replacement from new Insured your boat from new with Tower? If during a claim it becomes a total loss, we’ll replace it with a new boat of the same make and model.	✓
Up to 5 year replacement value for boat motor	✓
Emergency rescue and emergency repairs We’ll reimburse you for the following reasonable costs you have incurred following a loss to your boat and we’ve accepted your claim: 1. To rescue you, your passengers, and your pets. 2. To remove your boat to the nearest repairer or place of safety. 3. To make essential repairs to your boat so it can get to a repairer. 4. To return your boat to you after it has been repaired or recovered, or for you to travel to collect it from the repairer. We pay this benefit in addition to your boat’s market value or sum insured.	Up to $25,000
Keys and locks We'll help replace keys and locks if yours are stolen, lost, or illegally copied, and you won't need to pay an excess.	Up to $1,000
Social yacht racing cover We provide cover for your yacht, trailer sailer or off-beach yacht while it’s being used for social yacht racing.	✓
Replacement boat cover We’ll temporarily cover any boat you purchase to replace your boat that was previously insured under this policy for up to 14 days. Some limits apply.	✓
Marina liability We’ll cover you for legal liability up to $5,000,000 imposed on you by the terms and conditions of a lease or agreement with you for the provision of a berth or storage facility for your boat.	✓
Transport and accommodation costs We’ll cover the reasonable travel and accommodation costs for you and those who were in your boat to complete your journey or return home following a loss to your boat covered under this policy. This benefit also covers your domestic pets. We’ll also pay for you to travel to collect it from the repairer. We pay this benefit in addition to your boat’s market value or sum insured.	✓
Water-skiing We’ll cover you for your legal liability for: 1. death or injury to a water skier being towed by your boat 2. death or injury to any person caused by a water skier who is being towed by your boat 3. property damage caused by a water skier who is being towed by your boat which occurs during the period of insurance within New Zealand’s geographical limits. Water-skiing also means wake-boarding and aquaplaning activities. It does not include any towing of any persons or objects in the air.	Limits apply.
Emergency equipment restoration We’ll contribute to either the replenishment, replacement or repacking of emergency equipment used by you following a loss to your boat and we’ve accepted your claim.	✓
Pay only one excess Pay only one excess when claiming on multiple eligible policies for a single event. The highest excess applies.	✓
Optional Benefits
Recreational equipment We'll cover loss to your recreational equipment (fishing gear, diving equipment, and waterski equipment) while it’s on your boat or in use.	Optional $5,000 or $10,000
Lay-up cover for when you don't use your boat If you keep your boat stored over winter, we offer optional lay-up cover that means you pay a reduced premium for the period your boat is not in use (eligibility criteria applies).	✓
Boat trailer If you’ve chosen this optional benefit, we’ll pay for loss to your registered and warranted boat trailer listed on your certificate of insurance.	✓
Policy wording	Download

This is a summary only. Limits apply. Westpac insurance is underwritten by Tower Limited.

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1

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2

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3

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FAQs.

Things you should know.

Please read the policy wording to understand the terms, conditions, excesses, limits, sub-limits and exclusions that may apply. Cover is subject to the current underwriting criteria. Claims payments are subject to cover and approval.

Westpac general insurance products are arranged by Westpac New Zealand Limited (Westpac) and underwritten by Tower Limited (Tower). None of Westpac Banking Corporation ABN 33 007 457 141 (incorporated in Australia), Westpac, or any member of the Westpac group of companies guarantee the obligations of, or any products issued by, Tower or any member of the Tower group of companies. Westpac will receive commission payments as a result of the arrangement of Tower policies.