Benefits

Tick Icon Rescue costs

Up to $5,000 towards the cost of rescuing you and your passengers from coastal waters after a loss.

Tick Icon Liability

Covers the legal liability of you and those you approve to use your boat for accidental personal injury to others or damage to their property, including water skiing activities.

Tick Icon Natural disaster

Cover for damage caused by an earthquake, volcanic eruption, tsunami, hydrothermal activity or landslip.

Tick Icon Salvage costs

We’ll pay up to 25% of your sum insured to cover the cost of salvaging or removing, and safeguarding the wreck of your boat.


FMG’s Boat policy covers you at sea and on dry land. Your boat, outboard motor and trailers, its machinery, accessories and fittings are all covered under this policy for accidental loss.

If you choose to add or replace a boat on this policy, you’re covered for present day value, up to $100,000, as long as you let us know the details within 30-days of the purchase and pay any extra premium required.

We cover your legal liability when operating someone else’s boat (with consent), damage caused by water skiing activities or towing of another boat, and for sail racing if your boat is wind powered.


What we pay

Present day value 
Repair or replacement of your boat to the same condition it was in just before the loss, so we consider age and condition at the time. Think of it as similar to secondhand value.


To understand which policy wording applies to you, please check your Certificate of Cover, or head online to FMG Connect to view all your policy details, including the dates of your policy period. If you're unsure, give us a call.

For more information on our most recent policy changes, effective from 1 November 2021 click here.

*This is a summary view of our policy and is subject to our specific product documentation and underwriting criteria. For full details please download the policy wording or get a free copy by calling us on 0800 366 466.

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