We'll cover your boat or watercraft in New Zealand and on New Zealand waters for accidental, sudden loss or damage.
If your boat is accidentally damaged but repairable, we'll pay to have it repaired. And if your boat is a total loss or stolen and not recovered, we'll pay you the Sum Insured on your Policy Schedule.
Cover applies while your boat is in transit by land or any recognised sea or airfreight service and includes any reasonable salvage charges, removal charges, or any other charges related to averting or minimising loss or damage to your boat.
The policy includes cover for:
Pleasurecraft Insurance is arranged by Southsure Assurance Limited and underwritten by Lumley, a business division of IAG New Zealand Limited (Lumley).
This webpage is only a summary of the features and benefits of Pleasurecraft Insurance and is intended to be of a general nature. Pleasurecraft Insurance is subject to the policy terms and conditions, including exclusions that apply, which are set out in the policy document.
Neither SBS Bank nor any member of the SBS Bank Group guarantees the obligations of (or any products issued by) Southsure or Lumley.
For Lumley's financial strength rating, please click here.