Marine Insurance

Boat Insurance Made Easy

A tailored policy to suit your needs

BoatSmart HQ partners with market-leading insurance provider Gallagher (formerly Crombie Lockwood) and its underwriters QBE, to provide you with boat insurance. As a BoatSmart HQ member, you can access preferential market rates, as they know your vessel is being well-serviced and maintained by the BoatSmart HQ team.

Depending on the value of your boat, you can significantly offset most, if not all, of the cost of your annual BoatSmart HQ membership.

 

Example of cover offered:

QBE can tailor a boat insurance policy to suit your individual needs. Cover includes accidental loss or damage through events such as collision, sinking, grounding, fire, vandalism, storm or theft to the hull, motor(s), spars, equipment and accessories, boat tender, and personal effects in or on your boat.

 

GET A QUOTE NOW

Benefits of Marine Insurance

  • Automatic Water-sports equipment covers up to $10k, limit $1,500 for each item.

 

  • $10,000,000 Legal Liability as standard (other limits available upon request).

 

  • 125nm full race cover for Yachts and Catamarans included at no extra cost.

 

  • Yacht Fee reimbursement cover up to $2,000*.

 

  • Fishing Tournament Entry fees cover up to $2,000*.

 

  • Lost keys cover up to $1,500.
  • Personal accident cover for the named insured up to $50,000.

 

  • No depreciation deduction on claims for mechanical or electrical components of the motor up to 5 years of age.

 

  • Agreed value for two years on new boats from the date of first registration*.

 

  •  Nil excess for loss or damage suffered while moored at usual berth, excluding swing moorings.

 

  • Pay by the month option.

 

* Terms and Conditions apply.

About QBE

QBE has been providing insurance protection to the marine industry for over 125 years and is recognised worldwide as a leader in marine insurance. In New Zealand QBE insurance clients benefit from strong local knowledge backed by global experience, access to international resources and valuable risk management support. Our specialist marine insurance underwriters are committed to providing flexible, tailored responses to the needs of New Zealand importers/exporters, ship builders/repairers, vessel owners and associated marine related services.

Marine Insurance FAQs

Is prior boating experience necessary to obtain marine insurance from BoatSmart HQ?

While no prior boating experience is necessary to purchase marine insurance, it can be highly beneficial. Prior boating experience is key to unlocking lower policy costs with us.

 

If I am a first-time boat owner, can I still get insurance coverage?

Absolutely! As a first-time boat owner, getting insurance coverage is important to protect yourself and your investment. At BoatSmart HQ, we offer training to ensure you meet the standard for coverage.

 

Does BoatSmart HQ offer any benefits or discounts for experienced boat owners?

Yes, BoatSmart HQ offerings will be influenced by your level of experience. Your quote will be rated based on your boating experience, and we also offer discounts on fuel, fishing gear, and more for our members.

 

How do previous claims affect my insurance coverage with BoatSmart HQ?

Your previous claims within the past three years will be taken into account when determining your insurance coverage with BoatSmart HQ. The type of previous claims will also be considered.

 

If I had a claim in the past, but it was more than three years ago, will it still impact my current policy?

No, if your claim was more than three years ago, it will not affect your current policy.

 

Do claims made by previous vessel owners affect my boat insurance coverage?

No, claims made by previous vessel owners do not affect your boat insurance coverage.

 

Can I switch my marine insurance coverage to BoatSmart HQ if I had coverage with another provider?

No, you cannot. If you are selling your vessel, you can cancel your insurance with a provider, but owners cannot change insurance providers midway through a policy. Changing insurance providers can only be done during the renewal period.

 

Does BoatSmart HQ consider my previous coverage history when providing a quote?

Absolutely, BoatSmart HQ takes your previous coverage history into account when generating a quote. Your history can have an impact on the premium you’ll be asked to pay, so it’s important to provide accurate information.

 

Will BoatSmart HQ require any documentation or proof of my previous insurance coverage?

No, BoatSmart HQ will not require any documentation or proof of your previous insurance coverage.

 

What types of vessels do BoatSmart HQ provide insurance coverage for?

BoatSmart HQ specialises in providing insurance coverage for Marina or Dry-stacked vessels only. If you own any of these vessels, you can rely on BoatSmart HQ to protect your investment and ensure that you are covered in any unexpected incidents.

 

Do different vessel types affect the cost of insurance premiums?

Absolutely. The type of vessel you have will affect the cost of your insurance premiums. If you’re using a speciality craft, such as one that’s designed for match racing, you can expect to pay more.

 

Are there any vessel types that BoatSmart HQ does not insure?

BoatSmart HQ insurances a wide range of vessel types, However, we do not insure trimarans due to the fact that they are traditionally more challenging to maintain.

 

How does the value of my vessel affect the insurance coverage provided by BoatSmart HQ?

The value of your vessel is an important factor that affects the insurance coverage provided by BoatSmart HQ. Generally speaking, higher-value vessels will require higher rates and cover requirements, as the cost of repairing or replacing a more expensive vessel is typically higher than that of a less expensive one.

 

Will BoatSmart HQ require an appraisal or assessment of my vessel’s value before providing coverage?

BoatSmart HQ may require an appraisal or assessment of your vessel’s value before providing coverage in some cases, but not always. The need for an appraisal or assessment is determined on a case-to-case basis.

 

Is there a limit on the maximum vessel value that BoatSmart HQ can insure?

Yes and no. The maximum value of vessels that BoatSmart HQ can insure is NZD$10 million.

Does the length of my boat impact the insurance coverage and premiums offered by BoatSmart HQ?

Yes, the length of your boat can impact the insurance coverage and premiums offered by BoatSmart HQ. Vessels over 80ft or requiring crew are graded differently, but the value of a vessel is the primary determinant regardless of length.

 

Is there a minimum or maximum boat length requirement for obtaining marine insurance from BoatSmart HQ?

There is no minimum or maximum boat length requirement for obtaining marine insurance from BoatSmart HQ. We aim to provide comprehensive coverage options for all types of boats, whether small or large.

 

Does the length of my boat affect the claims process with BoatSmart HQ?

No, the length of your boat does not affect the claims process with BoatSmart HQ. Whether your boat is short or long, the claims process remains the same.

 

How does the age of my boat impact the cost of insurance premiums?

The age of your boat can have an impact on the cost of insurance premiums. In fact, boats that are over 15 years old may need to undergo a survey before they can qualify for insurance coverage.

 

Is there a restriction on the age of the vessel to qualify for insurance coverage from BoatSmart HQ?

BoatSmart HQ cannot insure any vessel over 20 years old. It is important to remember this when considering your vessel’s insurance options.

 

Are there any additional requirements or considerations for insuring older boats with BoatSmart HQ?

As long as your vessel falls below the 20-year threshold, there are no additional requirements or considerations for insuring an older boat with us.

 

Does BoatSmart HQ cover boats with specific engine types?

At BoatSmart HQ, we understand the importance of providing our customers with comprehensive insurance coverage. That’s why we offer marine insurance coverage for both petrol and diesel engines.

 

Are there any restrictions on the horsepower or number of engines for insuring a boat with BoatSmart HQ?

While there are no restrictions on the horsepower or number of engines for insuring a boat with BoatSmart HQ, high-horsepower vessels are assessed on an individual basis.

 

Does the type of propulsion on my boat impact the insurance coverage provided by BoatSmart HQ?

While the type of propulsion on your boat generally does not impact the insurance coverage provided by BoatSmart HQ, there is one exception to be aware of. Special policy conditions may apply if your boat is equipped with Volvo Penta IPS.

 

Will the condition of my boat’s engines affect the insurance premiums?

Absolutely. The condition of your boat’s engines can affect the insurance premiums you pay. However, if you maintain your vessel with BoatSmart HQ, you will qualify for lower premiums.

 

Are there any specific propulsion systems that BoatSmart HQ does not cover?

BoatSmart HQ covers all types of propulsion systems. If you have any questions or concerns about a specific type of system, please don’t hesitate to reach out to our team for assistance.

 

How do the age and condition of my boat’s propulsion affect the insurance policy?

Vessels with propulsion in poor condition can become uninsurable; BoatSmart HQ ensures your engine is kept well within insurance requirements.

 

Does BoatSmart HQ offer insurance coverage for boats outside a specific region or territory?

BoatSmart HQ provides comprehensive marine insurance coverage within the regions of New Zealand and Australia. Unfortunately, at this time, BoatSmart HQ does not offer coverage for boats outside of these regions.

 

Are there any restrictions or considerations for insuring boats in certain geographical areas?

BoatSmart HQ can only insure a vessel that is physically in New Zealand or Australia. However, we provide blue water cover for those sailing out of the country.

 

Does the location where I store or use my boat affect the insurance premiums from BoatSmart HQ?

Yes. We can only insure boats berthed in Marina or dry-stacked at boat parks. We do not insure vessels kept at swing moorings or piles because of additional risks posed at those locations.