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Boat Insurance.

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At Youi, we’re all about providing information that’s clear and easier to understand so you can choose a level of coverage that works for you. If you’re looking for jet ski and boat insurance options to help keep your watercraft covered, we’re here to assist. Explore our coverage options below and start a watercraft insurance quote today.

Why choose Youi for your boat insurance?

We try to make it simpler for you to find the right level of coverage for your watercraft. Let us help and see if we can take care of the insurance side of things, so you can concentrate on sailing into the sunset!

What type of cover is right for you?

We offer three levels of watercraft coverage; Comprehensive, Third Party Fire & Theft, and Third Party Property Only. Explore our range of policies to see what is (and isn’t) included so you can choose what's right for you.

Man sitting on edge of tinny setting lure before fishing

Great insurance for the great outdoors.

Changes, like getting a new boat or jet ski, are part of life. When they happen, think Youi. We’re an insurer that’s all about you and where your life’s at right now. Try us today and see what you could save.

Take a closer look at our policies.

Compare our Comprehensive, Third Party Fire & Theft, and Third Party Property Only watercraft policies to see what’s included with each.

Comprehensive
Third Party Fire & Theft
Third Party Property Only
Covered
Optional
Not Covered

Need a little more cover?

If you’d like a bit of additional coverage, options are available. These features can be added to your watercraft insurance policy, for that extra reassurance while you’re out on the water. Please note that not all options may be available in all circumstances. If you ask and we agree to add the option, the details will be noted on your policy schedule, and you will be charged an additional premium.

Social sailboat racing

You have the option to add this feature to our Comprehensive policy to cover against loss or damage to your sailboat following an insured event while it’s being used in a social sailing race.8

Watercraft contents upgrade

With our Comprehensive and Third Party Fire & Theft policies, you can upgrade your level of watercraft contents cover. The most we will pay for each claim is the Insured value noted on your policy schedule up to $1,000 per item.7

You have the option to add this feature to our Comprehensive policy to cover against loss or damage to your sailboat following an insured event while it’s being used in a social sailing race.8

With our Comprehensive and Third Party Fire & Theft policies, you can upgrade your level of watercraft contents cover. The most we will pay for each claim is the Insured value noted on your policy schedule up to $1,000 per item.7

What you’ll need to get a watercraft insurance quote.

Your contact details

First up, we’ll need your basic contact details. We’ll also need to know if you have a personal watercraft licence.

The watercraft details

Whether you’re seeking insurance for a boat, jet ski or another type of watercraft, we’ll need to know the details to make sure your policy and premium are accurate.

How you will use the watercraft

Will you be using your watercraft for recreational, watersports or business purposes? You’ll need to let us know, as this can affect your premium.

Where your watercraft is usually stored

It’s important to let us know the location where your watercraft will be stored, as this could also affect your insurance costs.

First up, we’ll need your basic contact details. We’ll also need to know if you have a personal watercraft licence.

Whether you’re seeking insurance for a boat, jet ski or another type of watercraft, we’ll need to know the details to make sure your policy and premium are accurate.

Will you be using your watercraft for recreational, watersports or business purposes? You’ll need to let us know, as this can affect your premium.

It’s important to let us know the location where your watercraft will be stored, as this could also affect your insurance costs.

Find out what cover we offer in your state.

Select your state or territory to learn about the watercraft insurance we offer where you live.

Watercraft and boat insurance in NSW

The first thing you might like to do is register your boat or personal watercraft with Service NSW. For information on how to do this, you can call Service NSW directly on 13 12 36. Renewal of your watercraft registration is required every 12 months.9

In NSW, it’s not compulsory to have insurance to register a vessel.9 However, Transport NSW recommends that you obtain some form of insurance to help keep you covered in case something unexpected happens. To find a level of watercraft insurance that could be suitable for your needs, start a quote.

An image of Sydney harbour

Watercraft and boat insurance in QLD

All boats and personal watercraft with an engine of 3kW or more must be registered to be on the water in QLD. You can do this by going to a Transport and Motoring Service Centre near you, or if you live in a rural area, you can visit a QGAP (Queensland Government Agent Program) office, Magistrates Court or local police station that provides registration services.10

If you choose to take out an insurance policy for your vessel, it’ll help keep you covered in case something unexpected happens. The watercraft insurance options offered by Youi include Comprehensive, Third Party Fire & Theft, and Third Party Property Only. If you’d like more information about which level might be right for you and the cost involved, start a quote today.

An image of the Gold Coast coastline

Watercraft and boat insurance in VIC

Any vessel including a boat that uses (or is capable of using) an engine for propulsion must be registered and seaworthy to legally operate in VIC waters. Your watercraft registration must be renewed every 12 months. You can find information about how to do this online through myVicRoads, or by calling 13 11 71.11

Watercraft and boat registration in VIC does not include insurance cover.12 For this reason, the Victorian Government recommends that boat owners consider taking out boat insurance cover. Youi offers three levels of watercraft insurance: Comprehensive, Third Party Fire & Theft, and Third Party Property Only. Start a quote to find the one that might suit your situation and finances.

An image of the Great Ocean Road

Watercraft and boat insurance in WA

To legally operate a recreational boat or personal watercraft in WA, you will need to make sure it’s registered. Regardless of how often your vessel is used, it must be registered if it’s on navigable waters, including those berthed at jetties, on moorings or in pens. Vessel registration is required to be renewed annually.13

So, to be able to operate your vessel in WA waters, and in case something unexpected happens, consider some form of watercraft insurance cover. Youi offers Comprehensive, Third Party Fire & Theft, and Third Party Property Only insurance for boats, yachts, jet skis and other types of personal watercrafts. To find out more about what the cost of keeping your watercraft covered in WA with Youi might be, start a quote.

The Elizabeth Quay Bridge in Perth

Watercraft and boat insurance in SA

When you buy a boat in SA, it is a legal requirement to register it in your name within 14 days. For it to be successfully registered, it must meet compliance standards, which require the registration numbers to be displayed correctly, the registration label to be correctly affixed, the Australian Builders Plate fitted correctly (required for most recreational boats), a boat code (compulsory for first time registration or change of ownership), and operational navigational lights if you operate your boat at night.14

Boat and watercraft insurance in SA is voluntary, but the South Australian Government strongly advises you to take out some form of cover.15 Youi offers Comprehensive, Third Party Fire & Theft, and Third Party Property Only insurance for boats, jet skis and other types of personal watercrafts. To find out which level of cover might be suitable for you, start a quote.

A vineyard at sunset in South Australia.

Watercraft and boat insurance in ACT

The ACT Government doesn’t have a boat registration or licence scheme. If you live in the ACT and want to operate your boat or watercraft in ACT lakes, you’ll need to organise your boat licence and registration with a relevant government agency in another state or territory.16

To help keep your boat covered while you’re enjoying a day out on one of the ACT’s lakes, Youi offers Comprehensive, Third Party Fire & Theft, and Third Party Property Only watercraft insurance. If you’re not sure which coverage level might be right for your situation, start a quote.

An image of Parliament House in Canberra.

Watercraft and boat insurance in TAS

In Tassie, recreational watercraft and boats with a motor of 4hp or more must be registered. You can apply for boat and watercraft registration through Service Tasmania or MAST (Marine and Safety Tasmania).17

Youi offers three levels of jet ski, watercraft and boat insurance: Comprehensive, Third Party Fire & Theft, and Third Party Property Only. To find a level of cover that might be right for you and how much it might cost, start a quote today.

A road overlooking The Nut in Tasmania.

Boat and watercraft insurance FAQs

Have questions about watercraft insurance? You might find the answers here.

VIEW THE PDS

Yes, if you have Comprehensive, Third Party Fire & Theft, or Third Party Property Only watercraft insurance with Youi and you have told us that you use the watercraft for watersports and this is noted on your policy schedule, you’ll be covered for accidents resulting in injury or death arising from the use of your watercraft or tender for watersports, for up to $10 million.19

Cover for contents inside the watercraft or tender is automatically included under our Comprehensive and Third Party Property Fire & Theft policies. This cover applies only if the loss or damage to the contents occurs due to an insured event and is up to $1,000 per claim after excess.5 If you require a higher level of cover, you also have the option to upgrade.7

When you make a claim, you will need to pay an excess. The following excesses may apply to your claim and will be shown on your policy schedule:

  • Basic Excess – this is the initial amount payable by you on any claim.
  • Additional Excess – in particular instances, an additional excess may apply to your claim and will be noted on your policy schedule.
  • One Excess – if you have multiple policies with Youi and an incident occurs at the same place and time, arising from the same single event, and you need to claim from more than one policy for that incident, only the higher excess will be payable.21 

Where the incident is completely the fault of a third party and you can provide the required details,22 we will waive payment of any excesses.

For more information, please read the Product Disclosure Statement.

If you have Comprehensive or Third Party, Fire and Theft insurance, you nominate an insured value for the hull and tender, and depending on the watercraft type, additional sums insured for:

  • Outboard motor(s);
  • Sails, masts, booms and rigging; and
  • Trailer. 

For more information, please read the Product Disclosure Statement.

Provided the watercraft was new when it was purchased and it is documented that you are the first owner, we will replace it with a new watercraft (or pay you the amount equal to replacing it) if it is a total loss within 24 months from when it was purchased. If the replacement cost exceeds your insured value, the most we will pay is the insured value plus an additional 20%.4

There are some terms and conditions which apply to the watercraft replacement. For more information, please read the Product Disclosure Statement.

When you purchase either Comprehensive or Third Party Fire & Theft coverage, if you’re accidentally injured while using your watercraft or tender where a claim has been accepted for loss or damage, we’ll cover you for up to $5,000 per claim for your personal injury, or up to $10,000 per claim if it results in your death (including funeral expenses).5

Any repairs to the watercraft which we arrange, authorise and pay for will come with Youi’s Quality Guarantee for as long as you own the watercraft.18

We cover the costs involved in salvaging the watercraft or tender, as well as towing it to and storing it at the nearest suitable place for safekeeping. The most we will pay for each claim is $150,000. Additionally, if you are more than 100 kilometers from the place where it is usually kept, we will reimburse you for some of the costs incurred should you require emergency accommodation, transport or repairs following the insured event. The most we will pay is $1,00 per claim. These covers do not apply to Third Party Property Only policies.5

You can choose to include optional cover for social sailboat racing when you have Comprehensive insurance for your sailboat insurance. Please note that you will be charged an additional premium.8

How much it will cost to insure your boat will depend on a number of variable factors, as well as the level of coverage you choose. At Youi, we’ve made it easier to see how much your coverage will cost. To find out more, start a boat insurance quote today.

In the Find out what cover we offer in your state section of this page, we provide boat insurance information that’s specific to each state and territory of Australia where we provide insurance. If you’d like to talk to one of our friendly advisors about insuring your boat, give us a call on 13 9684.

The cost of your jet ski insurance will depend on a number of variable factors, such as the make and model of the jet ski. It will also depend on the level of coverage you choose – with Youi, your choices include Comprehensive, Third Party Fire & Theft, and Third Party Property Only. Start a quote today to learn more about how much it might cost to keep your jet ski insured.

You are not covered if the watercraft is used for business purposes. This includes if is used for hire, charter or any other use that generates any kind of reward.

We do cover you for voluntary rescue work in addition to your social and pleasure usage.

We cover the costs involved in salvaging the wreck, as well as towing the watercraft and storing it at a suitable place for safekeeping. Additionally, we reimburse you for some of the costs incurred should you require emergency accommodation or transport following the insured event. This cover does not apply to Third Party Property Only policies.

VIEW THE PDS

Guides 

Looking for more information? Catch up on our latest guides to navigate your watercraft and boat insurance needs.

Disclaimers

1 Available with Comprehensive and Third Party Fire & Theft policies. For more details, see the PDS
2 Available with Comprehensive policies. For more details, see the PDS
3 Available with Comprehensive, Third Party Fire & Theft, and Third Party Property Only policies. For more details, see the PDS
4 If your watercraft is a total loss from an insured event within 24 months of it being bought new and registered or documented in your name as the first owner, we’ll replace it with a new one of a make, model and specification as close as possible to the insured one or pay the equivalent replacement cost. If the replacement cost exceeds your insured value, the most we will pay is the insured value plus an additional 20%. Available with Comprehensive and Third Party Fire & Theft policies. Limits apply. For more details, see the PDS
5 Available with Comprehensive and Third Party Fire & Theft policies. Limits apply. For more details, see the PDS
6 If your watercraft is unsafe to use after an insured event and you’re more than 100km from home, we’ll reimburse you up to $1,000 for combined emergency transport, accommodation, storage and/or repairs. Available with Comprehensive and Third Party Fire & Theft policies. For more details, see the PDS
7 An additional cost applies and is available with Comprehensive and Third Party Fire & Theft policies. Limits apply. For more details, see the PDS
8 An additional cost applies and is available with Comprehensive policies. Limits apply. For more details, see the PDS
9 Source: Service NSW: How to register a vessel
10 Source: Queensland Government: Register a boat
11 Source: Victorian Government: Register a vessel.  
12 Source: Maritime Safety Victoria: Buying and registering your vessel
13 Source: Western Australia Department of Transport: Register a vessel
14 Source: South Australian Government: Boat compliance
15 Source: South Australian Government: Owning a boat
16 Source: ACT Government: Boating on Canberra's Lakes
17 Source: Tasmanian Government: Apply to register a boat
18 Where we arrange, authorise and pay a service provider for repairs, Youi will guarantee the quality of the repairs for as long as you are the owner of the insured property. The guarantee includes the rectification of any defects caused by poor workmanship, or faulty materials, related to these repairs.
19 Available with Comprehensive, Third Party Fire & Theft, and Third Party Property Only policies. Limits apply. For more details, see the PDS.
20 Available with Comprehensive policies. Limits apply. For more details, see the PDS.
21 If you have more than one policy in your name with us, you will only need to pay one excess if you have an eligible claim under more than one policy for the same incident. The incident for which you claim must arise out of a single event which occurs at the same address and time. The single excess payable is the highest excess amount noted on the relevant policies.
22 ‘Required details' means the full name of the person at fault together with two or more of the following: their phone number, address, driver’s licence number, or the registration number of their vessel or vehicle that was involved in the incident. See the PDS for full details.