Save on boat insurance

If your boat suffers accidental loss we'll pay market value or sum insured, whichever is less.

We provide cover for loss that happens to your boat, on land, on water, in storage or on its own trailer.

If your boat is stolen or damaged by fire we'll pay market value or sum insured, whichever is less.

Insured your boat from new with Tower? If during a claim it becomes a total loss, we’ll replace it with a new boat of the same make and model. 

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.

We’ll reimburse you for the following reasonable costs you have incurred following a loss to your boat and we’ve accepted your claim: 1. To rescue you, your passengers, and your pets. 2. To remove your boat to the nearest repairer or place of safety. 3. To make essential repairs to your boat so it can get to a repairer. 4. To return your boat to you after it has been repaired or recovered, or for you to travel to collect it from the repairer. We pay this benefit in addition to your boat’s market value or sum insured.

We provide cover for your yacht, trailer sailer or off-beach yacht while it’s being used for social yacht racing.

We’ll temporarily cover any boat you purchase to replace your boat that was previously insured under this policy for up to 14 days. Some limits apply.

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.

We’ll cover the reasonable travel and accommodation costs foryou and those who were in your boat to complete your journeyor return home following a loss to your boat covered under thispolicy. This benefit also covers your domestic pets. We’ll also pay for you to travel to collect it from the repairer. We pay this benefit in addition to your boat’s market value or sum insured.

We’ll cover you for your legal liability for: 1. death or injury to a water skier being towed by your boat 2. death or injury to any person caused by a water skier who is being towed by your boat 3. property damage caused by a water skier who is being towed by your boat which occurs during the period of insurance within New Zealand’s geographical limits. Water-skiing also means wake-boarding and aquaplaning activities. It does not include any towing of any persons or objects in the air.

We’ll contribute to either the replenishment, replacement or repacking of emergency equipment used by you following a lossto your boat and we’ve accepted your claim.

Pay only one excess when claiming on multiple policies for a single incident at the same address.

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.

We'll cover loss to your recreational equipment (fishing gear, diving equipment, and waterski equipment) while it’s on your boat or in use.

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).

If you’ve chosen this optional benefit, we’ll pay for loss to your registered and warranted boat trailer listed on your certificate of insurance.