Tower boat insurance

Heading out on the water? Make sure your pride and joy is covered with Tower – Coastguard’s preferred boat insurer.

Tower’s boat policy has your boat covered whether it’s on land, on water, in storage, or on its own trailer, with loads of included and optional benefits to suit you. Jet ski, tinny, yacht, or runabout, our mates at Tower can get you sorted. 

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 - 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.

Why choose Tower?

• 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.