Boat insurance quote

Broad, flexible cover for your runabout, jet ski, launch or yacht while within the coastal waters of New Zealand, in transit on its trailer and while stored.

Call us on 0800 992 922 or request a callback.


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One event, one excess

One event, one excess

If one incident means you need to claim on multiple Tower policies, you’ll only pay one excess. The highest excess applies.

No claims bonus

One event, one excess

If you haven’t had a claim with us (or another insurer) during the last year of your insurance, you’ll receive a discount on your premium.

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Earn Airpoints Dollars on eligible policies. Ts&Cs apply.
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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.

  • Legal liability

    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.

  • Marina liability

    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 benefits

  • 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.

Download policy (PDF, 1.29MB)

This is the most current policy available to purchase on our website. Your policy wording may be different.
Request a copy of your policy wording.

Fair Insurance Code

ICNZ - Insurance Council of New Zealand logo Tower Insurance is a member of the Insurance Council of New Zealand (ICNZ) and we abide by the ICNZ Fair Insurance Code.

Learn more about the Fair Insurance Code

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.

We aim to make claiming on your boat insurance as simple as possible. We'll guide you through the process, let you know what happens next and keep you up to date with any progress.

Find out more about boat claims

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.

Request a quote

To request a quote or to make an enquiry, please leave us your details below and we'll be in touch shortly. *Underwriting terms apply.