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Marine Insurance
Guide 4. Types of marine insurance coverage

Marine insurance is an extremely important element of boat ownership. By having a cover in place you can feel secure knowing you are well-insured while navigating the Aussie waterways. Our partner offers you a wide variety of options for your boat including cover for physical damage, liability, medical emergency, and other unforeseen circumstances that may occur on the water.

Physical damage coverage
This policy guards your boat, motor, and equipment against theft, fire, vandalism, wind, lightning, and other acts of nature. Any official drivers of your boat will be protected if you crash into an underwater banked object. In addition, your boat equipment is covered up to a certain value. You must select between an Actual Value and Agreed Value policy to determine exactly how much you will be covered for if your boat should ever sustain damage.

Liability coverage
This type of coverage insures you in the event that you or a passenger causes injury to another person or property while on your boat. If you accidentally collide with another vessel or dock area, you can feel secure knowing you are covered. This coverage usually protects passengers and property up to $1,000,000.

Medical coverage
In the event of a boat accident, this policy gives you and your guests the medical protection you need to save yourself from incurring astronomical hospital bills.

Extensive coverage
There are other items that you may want covered for your boating needs. Whether it’s towing, personal effects (portable televisions, stereos, cameras, mobile phones, and fishing gear), or uninsured boater prevention, Our partner has a plan to meet your needs. There is also additional sporting liability insurance for those adventurous owners who like to race and participate in competitions.

Remember, insurance coverage is not something you can afford to hold back on. Trying to save money by not having marine insurance can cost you a fortune in the event of an accident or damage to your vessel. Many boat owners invest a whole lot of money on a vessel, then purchase the cheapest insurance plan they can find. Contact Artog today to choose a marine insurance policy that will meet the specific needs of you, your boat and your family.

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All information on this website is of a general nature and does not take into account your individual circumstances. Artog does not give financial advice – for advice that takes your circumstances into account please consult a qualified financial advisor.
#Where actual testimonial savings or potential savings are mentioned, these are specific to the circumstances in question and may have been achieved with specific Artog partner offers. These may not apply to your situation.
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