Tower 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 - check the amount of liability you are covered for if you accidentally damage someone else’s boat or property.
Cover for the whole year - many claims occur off the water so 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 area you are covered for from a certain point in New Zealand.

Cover for your boat on land, on water, in storage, or on its own trailer.
Get legal liability cover up to $5 million if you accidentally damage someone else’s property with your boat.
Tower will replace your boat if it’s insured with them from new with a new boat of the same make and model* if it’s as a result of a total loss that happened within 3 years of you buying your boat. _*_{Subject to availability.}
Tower will cover the cost of new mechanical and electrical components* if they’re five years old or less and where the loss is to your boat motor. _*_{Up to the market value of the motor.}
Make the most of Tower’s optional recreational equipment benefit to cover the loss of your recreational gear while it’s on your boat or in use on or in the water.