What's Included
Accidental damage
Cover your boat for loss or damage caused by accidental damage.
Fire, storm and flood
Cover your boat for loss or damage caused by a fire, storm or flood1.
Theft or attempted theft
Cover your boat for loss or damage caused by theft or attempted theft.
Collision or Crash
Cover your boat for loss or damage resulting from collisions or crashes.
Vandalism or a malicious act
Cover your boat for loss or damage caused by vandalism or a malicious act by someone else.
Emergency repairs
CGU pay for emergency repairs to secure or drive your boat if it’s damaged in a covered event (up to $800).
Hull inspection
If you need to check if there's loss or damage to your hull after an event we cover, CGU pay the reasonable cost of a hull inspection.
Liability cover
Cover for up to $10 million for the liability of you or anyone with permission to control your boat, if its use causes property damage, death or injury to another person.
Emergency transport and accommodation
If your boat can’t be driven or used after certain covered events (more than 100km from home), CGU pay for temporary accommodation and emergency transport (up to $1,000, on top of your agreed value).
Towing
If an incident CGU covers causes loss or damage to your boat and it's unsafe for you to tow, CGU will pay to take your boat to a repairer or a safe place. This is paid on top of your agreed value.
Optional benefits
Choose from these optional benefits when you're getting a quote.
Lay up cover
Add an option to reduce your premium by choosing lay up cover for up to 12 months while you're not using it.
Liability cover for water skiing and floatation devices
Add an option to extend your liability cover to include cover for when your boat is towing a waterskier or a person on a floatation device.
Racing Risk Extension
Add an option to cover your sailboat when you're racing it in certain events (less than 50 nm radius).
We're here to help
Contacting CGU Claims
Our partner CGU is here for you anytime, any day. Call CGU's claims team 24 hours a day, 7 days a week on 13 24 80 to make a claim. For more information on the claims process, visit CGU's claims website.
Claims Guarantee
CGU offers a lifetime guarantee on the workmanship of all authorised repairs, valid for as long as you own the car.
Payment Options
Choose your cover and pay fortnightly, monthly or quarterly at no extra cost.
Things you should know:
1 CGU may not cover you for some severe weather events during an embargo period (which is usually when we know a severe weather event is about to occur).
Excesses and exclusion periods may apply. Refer to your Certificate of Insurance. For detailed terms, conditions, limitations, and exclusions, please read the Product Disclosure Statement.
The information on this website is general advice only and does not take into account your individual objectives, financial situation or needs ("your personal circumstances"). Before using this advice to decide whether to purchase a product, you should consider your personal circumstances and the relevant Product Disclosure Statement. The Product Disclosure Statement and Target Market Determinations are available from CGU Insurance.
Bank of us ABN 32 087 652 088 AFSL 236870 acts under its own AFSL and under an agreement with the issuer Insurance Australia Limited ABN 11 000 016 722, AFSL 227681 under the CGU brand. Any advice provided is general advice only and does not take into account your individual objectives, financial situation or needs (your personal circumstances). Before using this advice to decide whether to purchase a product, you should consider your personal circumstances and the relevant the Product Disclosure Statement and Target Market Determinations from CGU Insurance.
Bank of us does not guarantee any claim or benefit payable under the insurance policy. We receive commission on insurance products details can be found in our Financial Services Guide.
-
Apply/ Switch
-
Interest Rates
-
Calculators
-
Contact
Bank of us acknowledges and pays respect to the palawa - Tasmanian Aboriginal people - as the traditional owners of all the lands and waters. And we pay our respects to Elders past, present and emerging for they hold the knowledge, memories and culture of Aboriginal people in lutruwita/ Tasmania.
Bank of us is a trading name of B&E Ltd
ABN: 32 087 652 088
AFSL & Australian Credit Licence: 236870
BSB: 632 001
Website by Walker Designs
