Boat Insurance and Pleasure Craft Insurance

Whether it’s a small vessel or a multi-million dollar cruiser, CIA helps you secure your boat with the right insurance. 

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Set Sail With Confidence  

Accidents on and off the water can happen unexpectedly, bringing about serious consequences to your prized asset. From collisions to equipment failures and theft, these incidents can lead to significant financial loss, damage to your boat, and even legal complications.

Boat insurance is essential for protecting against these risks and ensuring you’re covered in case of mishaps. At CIA, we help boat owners sail smoothly with the right insurance solutions to safeguard their vessels and enjoy their time on the water.

What Is Boat Insurance? 

Boat insurance is a form of coverage that protects boat owners from vessel-related losses or damage. Because boats are a significant asset to most owners, having comprehensive insurance gives them peace of mind while using the vessel and while it’s moored.

 If you own a boat, you should protect it with insurance, even if it’s not often used. Just like land vehicles, boats are at risk of accidents and damages, potentially leading to costly repairs or legal liabilities. Different boats have different insurance requirements, and it’s important that you understand your boat’s risks before signing off on a cover. 

What Does Boat Insurance Cover?


Comprehensive cover on land or in water (including theft, accidental damage, and natural disasters)


Damage to other people or their property involving your boat


Stolen or lost equipment associated with your vessel


Stolen or lost personal belongings related to boat accidents


Boat towing or transit costs


Statistics To Consider



In 2023, the AMSA received 1,125 marine incident reports involving 857 domestic commercial vessels



Major boat repairs like transom assemblies, sterndrives, or exhaust systems can cost $10,000 to $30,000



Australia has over 2.5 million licensed boat operators 





The Gold Coast has 
seen a 66% rise in 
boat theft since 2023 







Case study: Why a boat insurance cover makes all the difference 


Scenario

Bruce decides to take his family out for a day of fun on his pleasure craft, with the idea of enjoying some time fishing and swimming. While navigating a busy waterway, he collides with a boat when he suddenly lost control and veered into the path of another boat. Some passengers on the other boat sustained injuries, and he is now liable for their medical expenses. Additionally, both boats are damaged, leading to costly repairs for his vessel and the other party’s boat. 

With Boat Insurance  

Bruce's boat repairs would be covered along with his liability to pay the cost of damages to the boat he ran into and any costs associated with injuries sustained by the third party.

Without Boat Insurance

Unfortunately, Bruce will now have to pay for the repair costs for both boats, and the medical expenses for other other boat’s passengers’ injuries.

Secure Yourself With CIA’s Range Of Boat Insurance

Don’t leave your sailing to chance. With a tailored boat insurance, you, your passengers, and your vessel are protected in any event - including those beyond your control.

 CIA can source and advise you on the right boat insurance for your sailing needs. With decades of insurance experience backed by a strong broker network, our team can also support you during a claims process, offering reliable advocacy in the event of an accident or damages.

Why Choose Consolidated Insurance Agencies?

With a deep understanding across a range of industries, our brokers can effectively determine your specific risk profile and tailor the right insurance policy - saving you valuable time researching and comparing cover options.

As part of the Steadfast network, our brokers have the power to negotiate better prices and policy terms for you. You can also gain access to exclusive Steadfast policy terms that offer broader and more comprehensive coverage. No matter your needs, we can ensure your risks are covered by arranging customised policy options. This means better protection at competitive prices.

Enjoy the backing of Australia’s largest general insurance broker network, which manages more than 3.2 million policies for small to medium businesses. As part of the Steadfast network, CIA gives you access to policies across local and international markets - helping you find the coverage you need.

Have Questions About Our Insurance? We’re Here To Help. 

Contact us to discuss your needs

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