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Coastguard's preferred boat insurance partner
$30 off a Coastguard membership
3 year replacement
Optional cover for recreational equipment
This is a summary only. For all of these benefits, please make sure you read the policy wording & cover documents to understand the terms, conditions, limits and exclusions that may apply.
Boats we cover
Key benefits of boat insurance
All cover outlined on this page is subject to the further terms, conditions and exclusions of the Tower Comprehensive Boat Insurance policy.
Cover for your boat
We provide cover for loss that happens to your boat, on land, on water, in storage or on its own trailer.
If you accidentally damage someone else's property with your boat, we'll cover your liability in respect of a claim.
Replacement value for new boats for 3 years from new
We’ll replace your boat with a new boat of the same make and model subject to current local availability if, as a result of a loss covered by this policy, your boat becomes a total loss.
Replacement value for the boat motor on mechanical and electrical componentry up to 5 years old
Where the loss is to your boat motor and that motor is five years old or less, we’ll pay for the costs of new mechanical and electrical components.
Automatic cover for your legal liability for accidents involving water-skiing activities
Cover for Social Yacht Racing
If your boat is a yacht, we’ll provide cover while it’s being used for social yacht racing (as defined in the wording).
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 as long as the new boat is $250,000 or less.
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.
Optional cover for recreational equipment with flexible $5,000 or $10,000 limits
If you’ve chosen this optional benefit, we’ll cover loss to your recreational equipment (fishing gear, diving equipment, and waterski equipment) while it’s on your boat or in use.
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).
This is a summary only. See the policy for the full list of benefits, terms and conditions.
What our customers say
Sarah, August 2021
John, July 2021
Cherie, June 2021
Boat insurance quote checklist
Here are some things you need to complete your quote. We can help you to calculate the cost of boat insurance, just request a quote callback:
- Your boat information such as the hull make, year, motor and trailer details (including registration number) if applicable.
- Where you store your boat, either at a marina or private address.
- The total value of any recreational gear you may wish to insure.
- Details of the boat owner(s), as well as their claims histories.
Boat insurance FAQs
Diving equipment, fishing gear (rods and reels, but not tackle or tackleboxes) and water ski equipment provided they are not otherwise insured.
We may need a few more details from you which we can uncover over the phone, please get in touch with us on 0800 379 372.
Our Boat Comprehensive policy covers you for loss only while it is being used for social, domestic or recreational purposes within New Zealand’s geographical limits. We do not offer cover for business or commercial use currently.
If you're not completely happy with your cover, just let us know within 15 days of the policy start date.
As long as you haven't made any claims during this time, we'll cancel the policy and refund any premium payments you've made.