Pleasurecraft Insurance That Protects Your Boat On and Off the Water

Specialist boat insurance for recreational vessels—covering cruising, fishing and personal watercraft across Australia.

Cover for hull, machinery and onboard equipment
Third-party liability protection
Protection against theft, storm and marine perils
Cover for boats, yachts and personal watercraft

Get My Boat Insurance Quote

Request a Pleasurecraft Insurance Quote

Full Name

Email Address

Phone Number

Vessel type

Vessel year, make and model

Vessel value

Storage address

Method of storage

No obligation. Cover tailored to your vessel and how you use it.

Understanding Your Cover

What Is Boat Insurance?

Pleasurecraft (Boat) Insurance protects privately owned recreational vessels against loss, damage and liability while on the water, in transit or stored ashore. Whether you own a runabout, yacht, cruiser, fishing boat or personal watercraft, this insurance helps safeguard your vessel, passengers and financial exposure.

Cover can be tailored for inland waterways, coastal cruising or offshore navigation, with specialist options for high-value and performance vessels.

Is This For You?

Who Boat Insurance Is For

This insurance is commonly arranged by:

Private boat and yacht owners

Sailing and cruising enthusiasts

Fishing and recreational boating families

Owners of runabouts, cruisers and cabin boats

Jet ski and personal watercraft owners

High-value and luxury vessel owners

Trailer boat owners

Boats stored in marinas or private moorings

Cover Options

What Does Boat Insurance Typically Cover?

Hull & Machinery

Physical loss or damage to the vessel, engines, motors and onboard systems.

Third Party Liability

Legal liability for injury or property damage to others arising from vessel use.

Theft & Malicious Damage

Protection if the vessel or insured equipment is stolen or vandalised.

Fire, Storm & Marine Perils

Fire, explosion, storm, sinking, collision and grounding.

Trailer (Where Applicable)

Accidental damage and theft of boat trailers.

Beyond the Basics

Additional Covers & Policy Extensions

Agreed value or market value options
Racing risk extensions (limited)
Personal effects and boating gear
Water sports liability
Salvage and wreck removal costs
Emergency towing and assistance
Lay-up period discounts
Tender and auxiliary craft cover
Mast, rigging and sail cover
Worldwide or extended cruising areas
Prestige yacht policies may offer broader navigational limits and higher liability limits.

Policy Options

How Boat Insurance Is Structured

Comprehensive Cover

Comprehensive cover protects against physical loss of or damage to your vessel, including hull, machinery, fixed equipment, specified accessories and third-party liability protection.

Third-Party Only Cover

Third-party only cover provides liability protection for injury or property damage caused to others but does not cover physical damage to your own vessel.

Policies are typically annual, with vessels insured at agreed or market value. Navigational limits, operator experience, storage, mooring and security arrangements all affect premium and claim response.

Why It Matters

Tailored pleasurecraft or personal vessel solutions

Marine risks are different from land-based risks

Repair and salvage costs can be substantial

Liability exposure on water can be significant

Marinas often require proof of insurance

Protects your investment on and off the water

Protect Your Boat With Confidence

Speak with a broker who understands marine risk.

Get My Boat Insurance Quote

Important: Pleasurecraft Insurance does not automatically cover commercial use, chartering or hire. Racing, offshore navigation and personal watercraft may require specific endorsement. Coverage, limits and exclusions vary between insurers. Advice from an insurance broker is recommended.

FAQ's

While boat insurance is not mandatory in all situations, it is strongly recommended. Many marinas and mooring authorities require proof of insurance, and liability claims on water can be significant.

Agreed value is a fixed amount agreed at policy inception. Market value reflects the vessel’s value at the time of loss. Agreed value is often preferred for well-maintained or high-value vessels.

Yes, comprehensive policies usually cover vessels on the water, in transit and stored ashore, subject to storage and security conditions.

Yes, but personal watercraft often require specific policy terms or endorsements, including age, licensing and usage restrictions.

Most policies include liability cover for injury to passengers or third parties, but this does not replace personal accident insurance.

Racing is not automatically covered and typically requires a specific racing risk extension.

Policies specify navigation limits, such as inland waterways, coastal waters or offshore cruising areas. Cover outside these limits may not apply.

If you need to make a claim, contact Seguro Insurance Brokers directly. Our team will guide you through the claims process, help you gather the required documentation and liaise with the insurer on your behalf to ensure your claim is handled efficiently.

Many comprehensive policies include or offer optional cover for salvage, wreck removal and environmental clean-up, which can be costly.

These may be covered if declared and listed, or under specific tender extensions, subject to limits.

Premiums are influenced by:

broker helps ensure:

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