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Sailboat InsuranceAustralia · Independent guide

How We Compare Boat Insurance

How We Compare Boat Insurance. Covers boat insurance comparison criteria and how we assess policy suitability.

By Gabriel2 min readUpdated

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Boat insurance comparison criteria

  1. Eligibility and vessel type
  2. Settlement basis
  3. Navigation limits
  4. Liability limits
  5. Salvage and wreck removal
  6. Storm and cyclone terms
  7. Racing terms
  8. Survey and rigging requirements
  9. Tender and equipment cover
  10. Excesses
  11. Claims process and dispute-resolution access
  12. Premium and total retained risk

How we assess policy suitability

A product can be excellent for a trailer powerboat and unsuitable for a bluewater catamaran. Rankings should therefore be segmented by use case and should publish the assumptions used.

Commercial relationships and disclosures

Any referral commission, sponsored placement or advertising relationship must be disclosed. Commercial payment should not determine the factual description of a policy.

Updating insurance comparisons

Policy pages should show a last-reviewed date. Recheck the current PDS, SPDS, TMD and insurer identity whenever the product changes or at least annually.

Limits of policy comparisons

A published comparison cannot tell you which insurer will accept your individual risk, what premium it will quote, or how a future claim will be decided. It can expose the questions that make two offers materially different. The comparison therefore separates eligibility, insured value, navigation, excesses, exclusions, racing, survey conditions, liability, salvage and claims arrangements rather than collapsing them into a single score.

Use the twelve-point framework with your actual quotes, then verify the legal insurer through the official resources directory.

General information onlyThe information on sailboatinsurance.com.au is general educational information only. It may be wrong, incomplete or out of date, and you should not rely on it as a substitute for the current policy documents or professional advice. It does not take into account your objectives, financial situation or needs and is not personal financial product advice. Insurance cover depends on the actual policy wording, Product Disclosure Statement, certificate of insurance, endorsements, exclusions, limits, sub-limits and underwriting decisions that apply to your vessel. Always read the current policy documents before buying, renewing or changing cover. For legal, financial or insurance advice about your own circumstances, consider speaking with an appropriately licensed professional.