What to look for in your boat insurance
When you're deciding on boat insurance, there are a few things to look out for:
- Sum insured - this is the total value of your boat. If you have a trailer, it’s important to factor that in too.
- Liability - it’s important to check the amount of liability you are covered for if you unfortunately damage someone else’s boat or property
- Cover for the whole year - many claims occur off the water therefore it’s important to be covered for events like theft, fire, and malicious damage which can unfortunately happen at any time.
- Geographical limits - this is the maximum range you are covered for from a certain point in New Zealand.
Key benefits with Tower boat insurance
- Cover for your boat - Tower provides cover for loss that happens to your boat, on land, on water, in storage or on its own trailer.
- Legal liability - if you accidently damage someone else’s property with your boat, Tower will cover your liability up to $5 million dollars.
- Replacement value for new boats for 3 years from new - Tower will 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, Tower will pay for the costs of new mechanical and electrical components.
- Optional Recreational equipment benefit - Tower will provide optional cover for loss to your recreational equipment while it’s on your boat or in use out on the water with $5,000 or $10,000 limits.
Get a quote
If you're ready to get a quote for your boat, go online or give Tower's specialist Boat team a call on 0800 950 142, and tell them if you're a Coastguard member.
Tower are proud to support Coastguard and their lifesaving work.
Tower membership promo code terms and conditions:
- Discount is only valid for new or existing Tower Boat Policy holders.
- Discount will be applied to $150 Individual memberships only.
- Discount code cannot be used in conjunction with any other discount code or promotion.
- To redeem the offer, the Tower boat policy holder must have received a promo code directly from Tower and called Coastguard's Customer Care team on 0800 BOATIE (0800 262 843) to extend their existing membership (for new or existing members), or signed up for membership on the Coastguard website (new members only).
- Coastguard reserves the right to cancel any membership where a discount code was obtained fraudulently.