Boat and marine craft insurance to safeguard against storms, accidents and more

Enjoy the water with confidence. Stay protected with boat and pleasure craft insurance - cover your vessel against accidental damage, loss or theft.

Why get boat and pleasure craft insurance

Covers sudden and accidental loss or damage to your boat within 200 nautical miles off the North and South Islands of New Zealand.
Provides legal liability protection, up to $5 million.

Covers the reasonable cost of emergency towing, and trying to prevent or reduce loss or damage to your boat.
Provides payment for medical expenses for death or bodily injury up to $5,000 following an accident involving your boat.

Check out the benefits of ASB Pleasurecraft Insurance

Before you head out on the water, it makes sense to do a safety check - just in case. It's the same with having boat insurance cover. It’s there, just in case you need it. Accidents can happen to anyone at any time, so it's worth investing a little to make sure your boat is adequately covered, as well as any personal effects that are normally used on a boat or yacht.

What we cover:

We’ll provide cover for your boat if it's suddenly and accidentally damaged or stolen - paying up to the sum insured.
If we confirm it can be repaired, we’ll arrange to have it fixed for you or pay you the cost of the repair as estimated by our assessor.
If your boat isn't worth repairing or is stolen and not recovered, we'll pay up to the maximum amount you had it insured for.

Your cover also includes:

Auxiliary dinghies, trailers or any other equipment that's attached to or permanently kept on board your boat.
Recreational equipment when not in use (fishing, diving, water skiing), if specified.
Personal effects normally used on a boat, such as wearing apparel and binoculars - we pay the lesser of the item's present value or sum insured, up to $10,000 in total for personal effects.
Costs of preventing damage - i.e. flares and fire extinguishers used to minimise any further damage, up to 25% of the sum insured.
Towing cost to the nearest repairer, up to $2,000 (max $4,000 per annual period).
Personal legal liability costs, up to NZ $5 million.
Rescue costs for you, your passengers or your crew up to $25,000.
Temporary accommodation costs for you, your family and domestic pets if you can't get home following accidental loss or damage covered by the boat insurance policy, up to $2,000.
Transport costs home or to your nearest immediate destination for you, your family and domestic pets following loss or damage covered by the boat insurance policy, up to $500 each (max $2,000).

Exclusions include:

Faulty design, manufacture, construction or assembly.
Wear and tear, rot, corrosion, rust, mildew, fouling or gradual deterioration.
Loss of, or damage to, your fishing, diving or water-skiing gear or equipment while in use.

You'll find full details of cover in Section 4 of the Home, Contents, Private Motor Vehicle and Pleasurecraft Insurance policy document.

Who underwrites this policy?

ASB partners with IAG New Zealand Limited (IAG) who underwrite our general insurance. View IAG’s financial strength rating.

Get in touch and we’ll sort your insurance today

Call us

Talk to us about what you'd like insured and we'll get you sorted.

0800 200 252

All your insurance, all in one place.

With ASB, you can protect your home, your stuff, and your family – all in one place. Our experts are here to help find cover that’s just right for you.

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Frequently asked questions

Manage my insurance

The availability of insurance cover is subject to your application being approved. Terms, conditions and exclusions apply. For full details, refer to the Policy Wording which is available from ASB Bank Limited. ASB General Insurance is arranged by ASB Bank Limited and underwritten and administered by IAG New Zealand Ltd. See details about IAG's financial strength rating.

Car, boat and other vehicle insurance› Boat and marine craft insurance