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Sailboat InsuranceAustralia · Independent guide

Financial Services Guides and Marine Insurance

Financial Services Guides and Marine Insurance. Compare FSG licensing, remuneration and complaints and broker services for sailing vessels.

By Gabriel2 min readUpdated

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FSG licensing, remuneration and complaints

  • Legal entity providing the service
  • AFS licence or authorisation
  • How remuneration may work
  • Conflicts or relationships
  • Complaints process
  • Contact details

Broker services for sailing vessels

Sailing vessels often have risk features that do not appear in a simple online quote flow, including standing rigging age, sails, offshore navigation, racing, swing moorings, liveaboard use and major refits. If the quote form does not ask about something material to how the vessel will be used, raise it before purchase and keep the answer in writing.

Checking the current FSG

Compare the latest documents that apply to the exact policy start or renewal date. Policy wording can change while the product name stays the same.

FSG, PDS and TMD differences

The Financial Services Guide usually explains who is providing the service, how they are licensed, how they may be paid and how complaints are handled. The Product Disclosure Statement explains the insurance product itself. The Target Market Determination describes the intended distribution and target market. Read all three with the quote and certificate; none replaces the others.

  • Match the business name and AFS licence details to the entity on ASIC’s register.
  • Check whether the person arranging cover acts for you, the insurer or under delegated authority.
  • Look for commission, fee and conflict disclosures before accepting the quote.
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 It may be wrong, incomplete or out of date, and you should not rely on it as a substitute for the current policy documents or professional advice.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.