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Marine Insurance Options:
Whether you have interests in a commercial vessel or the transport of any property, cargo or goods, it’s crucial you have the correct cover.
If you have a jet ski, a runabout, luxury cruiser or family speed boat, make sure your ‘toys’ are properly protected, so you can continue to enjoy the fruits of your labour.
MARINE CARGO OR GOODS IN TRANSIT INSURANCE:
Marine Cargo covers the transport of goods from one place to another – import, export or around Australia by sea, air, rail, road or parcel post!
Marine Cargo insurance gives peace or mind as it offers protection against loss or damage to goods in transit.
COMMERCIAL CRAFT:
Commercial Vessel or Usage insurance allows your ship or boat to be involved in commercial activities. You will either be insured under a pleasure craft insurance policy with the appropriate endorsements, or under a unique commercial vessel insurance policy.
Transit Risk cover is for one-off type transit projects. Boats that are not designed to be transported on land, like large power boats and fixed keel yachts can easily be insured for the duration of the journey.
Boat Builders Risk covers owner/builders, and professional builders with individual commissions.
PLEASURE CRAFT:
Comprehensive Insurance protects you against accidental loss or damage, similar to comprehensive motor vehicle cover. It also includes theft of the boat and/or its contents and personal effects, malicious damage and transit damage, if the boat is designed to be transported on its own trailer.
Third Party Only is restricted to damage or injury that you cause to a third party. Remember, with this option your own boat is not covered.
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