Looking for boat insurance?
Get covered with Tower, Coastguard's preferred boat insurer. Enjoy a range of benefits including $30 off an annual individual Coastguard Membership.*
Compare our boat insurance
Looking to insure your new boat or thinking of switching insurers? We are Coastguard's preferred boat insurer and offer you a great range of benefits.
If you need any help in choosing the right boat insurance policy for you, check out our boat insurance buyers guide.
$30 off a Coastguard membership
Tower boat insurance customers can enjoy $30 off Coastguard individual memberships for additional peace of mind while out on the water. Ts&Cs apply.
We're thrilled to have won General Insurer of the Year 2022 at the NZ Insurance Business Awards.
Save up to 20% with our multi-policy discount
Buy multiple car, house, contents, landlord or boat policies and save up to 20%. Ts&Cs apply.
3 year replacement from new
Insured your boat from new with Tower? If during your claim it's written off by us, we’ll replace it with a new boat of the same make and model.
Social yacht racing cover
Enjoy yacht racing? Enjoy it with peace of mind. We cover your yacht, trailer sailer or off-beach yacht while it’s being used for social yacht racing.
Optional cover for recreational equipment
We'll cover loss to your recreational equipment (fishing gear, diving equipment, and waterski equipment) while it’s on your boat or in use.
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
Personal Water Craft (Jetski)
Up to $25,000
Up to $1,000
Optional $5,000 or $10,000
We know insurance lingo can be a bit confusing. While our policies are WriteMark™ approved, we've put our heads together to explain some common terms.
If you're wondering what all that insurance lingo is all about, let’s unpack it.
Info, ideas and inspiration
Tips on protecting the things that matter the most to you.
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.