Boat Insurance
Suncorp offers you 2 types of cover.
- Comprehensive Cover - includes Essential Cover and also covers you for loss of or damage to your boat caused by an 'insured event'. (An 'insured event' means accidental loss or damage, fire, theft or attempted theft, malicious damage or storm damage. Insured Events must happen in the period of insurance and be unforseen or unintended by you.)
- Essential Cover - covers you for amounts you must legally pay for bodily injury or death of another person, or loss or damage to their property if the loss, damage, death or bodily injury is caused by your boat in an incident in the period of insurance. This cover is limited to $10 million including GST, as well as legal and other costs that we have agreed to pay when you make a claim.
Loss of your hull or boat trailer or motor(s) under 2 years old
We will replace your hull or boat trailer or motor(s) if:
- we decide it is a total loss
- the insured event occurred within 2 years of the date of the original purchase or registration
- you are the original owner and have serviced and registered it (if registration is legally required) since you bought it
- the sum insured is equal to the full market value of your hull, boat trailer or motor(s), including all equipment accessories listed on your certificate of insurance.
If your loss meets these conditions we will do one of the following:
- replace your hull or boat trailer or motor(s) with one of the same make and model if it is readily available locally within 6 weeks of our decision to settle the claim
- replace your hull or boat trailer or motor(s) with one of a similar make, model and price
- if you choose, pay you for a total loss.
Accessories and equipment
We will cover up to:
- an amount you have specified and this is shown on your certificate of insurance or
- 5% of the sum insured on the hull if no amount is shown on your certificate of insurance.
We will pay up to $2,000 for each item, if you do not specify individual items.
We will not pay these costs in addition to a total loss settlement.
Accessories include boat covers and canopies, batteries, portable fuel tanks, anchors, paddles, oars and similar items and safety equipment required by law.
Equipment includes depth sounders, marine radios/transceivers, navigation equipment, fish finders and similar items and your tender.
Contents
We cover up to:
- an amount you have specified and this is shown on your certificate of insurance or
- 5% of the sum insured on the hull if no amount is shown on your certificate of insurance. We will pay up to $250 for each item, if you do not specify individual items.
Contents include portable household goods, clothing, appliances, fishing and diving gear, portable refrigerators, microwave ovens, televisions, glassware, crockery, cutlery and cooking utensils.
Held for sale
We will cover for loss, damage or theft of your boat while it is held for sale, if you told us beforehand you want to sell your boat and we agreed to cover your boat while it is held for sale.
Medical expensesYou are covered for your reasonable costs up to $1,000 for the hospital, medical, dental, pharmaceutical or ambulance expenses if you are injured as a result of an insured event, provided the costs are not covered by another government or private scheme such as Medicare.