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Boat Insurance

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Visit Nautilus Marine below for information and policy purchase, or
get a fast quote for your Boat Insurance needs

Nautilus Marine has developed market leading policies that provide broad coverage for pleasure craft, commercial pleasure craft and the marine industry.
Nautilus Marine are committed to providing a high level of service, backed by local knowledge with offices across Australia.
Nautilus Marine have developed market leading plain English boat insurance policies which provide broad coverage for pleasure craft, commercial pleasure craft and the marine industry.
It's at the time of a claim when policy holders really discover whether they have chosen the right company for their marine insurance.
The efficiency of Nautilus Marine claims service has the highest priority and our success in the marine insurance market is testament to that.

Let's start by describing the two basic sections of a typical yacht or boat insurance policy: physical damage and liability.
The physical damage section covers accidental loss or damage to the boat and its machinery. This not only covers the hull and the boat engine(s), but also the sails and other equipment on board that are required to operate the boat.
The liability section covers your legal obligations to third parties. This legal liability can arise from bodily injury or loss of life, or damage to someone else's property, as a result of the ownership or operation of your boat. Nautilus Marine offers automatic $10 million liability cover on all new business.

Basically, if you have a Market Value policy and you have a total loss, the value of your boat will be determined at the time of the loss, whereas with Agreed Value the value is determined at the time of the acceptance of the policy subject to written valuation.

ANTI THEFT DEVICES An anti theft device is any retail trailer anti theft device sold through a retail outlet. Combinations of padlock and chain and padlock and cable are not acceptable anti theft devices. To fit an anti theft device you must follow the instructions given by the manufacturer or retailer when you purchase the device.

LAY UP Many boat insurance policies include a lay up period which is a time that the boat is normally laid up and out of commission, such as during the winter months. The underwriter will normally allow a discount (up to 5%) for each month that the boat is laid up at agreed premises.

FACTORS AFFECTING THE COST OF BOAT INSURANCE The underwriter must consider many factors when determining the rate (or premium) to charge for a boat insurance policy. The most common determinants are: value, length, construction and age of boat; type of boat (i.e., power, sail); type of engines; mooring location; intended area of navigation; previous boating experience and claim history of the owner; lay up; and deductible amount.
The condition of your boat is mentioned as a rating factor. If you own a boat that is greater than 25 years old, the underwriter may request a recent marine survey of your boat before quoting or insuring it. The better the condition, the greater the likelihood of being approved for boat insurance and receiving a competitive quote. Anything that you can do to update and repair critical systems prior to the boat being inspected can improve the results of the marine survey and leave a better impression with the underwriter.

SEEK OUT BOAT INSURANCE SPECIALISTS Now that you have a better understanding of yacht and boat insurance policies, you'll be in a better position to ask the right questions when buying boat insurance. It also pays to work with a company who thoroughly understands boat and yacht insurance. This is important not just at the time that you apply for insurance, but also in the unfortunate event that you have a claim. Ensure that the underwriter has a developed repairer network in order to minimise the time taken to settle your claim and get you back on the water quickly. It is also important to disclose your claims history and other required information in order to receive insurance coverage notwithstanding payment of your premium.


  • Agreed Value for each component of your boat, hull, mast, spars, rigging and sails, trailer and equipment and accessories (conditions apply) 
  • Transit cover to and from a recognised marine dealership for service and/or maintenance whilst in Lay up for trailerable craft..
  • Lifetime No Claim Bonus after 3 consecutive claim free years.
  • 100 nautical miles full Sailboat racing cover as a standard policy feature.
  • Automatic cover of $10,000 for Fishing Equipment, Diving equipment & Waterskiing/Aquaplaning equipment. Limit $1,500 for each item.
  • Automatic cover for Personal Effects up to $10,000. >Cover whilst boat is on consignment for sale at a recognised marine dealership.
  • Emergency Land Transit cover $5,000.
  • Legal Liability covering the insured and family when skiing behind the insured boat.
  • $500,000 cover for accidental discharge, release or escape of fuel or lubricants.
  • Salvage charges over and above the sum insured.
  • Personal accident cover $ 50,000 for the insured.
  • Your boat is covered while being used for voluntary rescue work and time trials up to 25 knots.
  • Automatic replacement boat cover for 21 days, covering the replacement boats value.
  • 21 days cooling off period.
  • Master Mariner Cover is available on all luxury craft $800,000 and over.available to selected luxury vessels  
  • NEW
    • Pay by the month.
    • Lost Keys $500.
    • Tournament Cover and Fee Reimbursement.
    • Repatriation Costs $1,000.


    We recommend you read and fully understand the terms and conditions set out in the Nautilus policy wording and Product Disclosure Statement prior to purchasing this product. This information may be obtained by phoning 1300 780 533 or Nautilus Marine Product Disclosure Statement . Cover arranged by NM Insurance Pty Ltd AFSL 227186 (Nautilus) and underwritten by the Wesfarmers General Insurance Ltd T/as Lumley Insurance ABN 24000 036 279 AFS Licence Number 241 461.

    Clicking these links will refer you to NM Insurance Pty Ltd AFSL 227186 (Nautilus) which can deal in and provide general advice on boat insurance. We do not act on behalf of Nautilus or the insurer. We receive a commission (which is a percentage of the premium you pay) if you enter into a policy with Nautilus after we refer you (including renewals and some variations which increase the premium payable).

    Please Phone 1300 887 345 for further information .


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Phone: 1300 887 345
Mobile No.: 0419-494-171
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