Am I entitled to a discount if I have not had any claims in the past for my boat?

Yes — this works in a similar manner to motor vehicle policies, and the no claim bonus discount works as follows: Rate 1 – you will receive a 25% discount Rate 2 – you will receive a 20% discount Rate 3 – you will receive a 15% discount Rate 4 – you will receive a 10% discount Rate 5 – no discount will apply

Boat / Pleasurecraft Insurance | Personal Insurance

Q: Can I obtain an Agreed Value Policy?

Yes — we will discuss the various cover options available under the policy. You may need to provide us with a valuation from a Marine specialist/valuer in order for the Insurer to agree to the nominated value.

Q: Can I pay my premiums by the month?

Yes. First Peoples Insurance can arrange monthly premium funding for many insurance policies through approved premium funding providers. For commercial insurance policies, the interest charged on a premium funding loan may be tax deductible, depending on your circumstances. Tax treatment differs for personal insurance products and may not be deductible. You should seek advice from your accountant or tax adviser regarding the tax implications of any premium funding arrangement.

Q: How do I make a claim?

As your Adviser, you will always contact First Peoples Insurance in the first instance and we will guide you through the claims process as this can vary from insurer to insurer.

Covering all types of watercraft, from canoes and rowboats, to motor boats, sailboats, yachts and jetskis.

Rest assured that your boat is protected both on and off the water, anywhere in Australia. That’s peace of mind!

Covering accidental loss or damage

Tools

On board your vessel in the event of accidental damage or loss.

Personal Effects

Contents cover available for loss or damage to personal items in the boat that are stolen or damaged as a result of an accident.

Recreational Equipment

Such as fishing gear, water skiing equipment, diving equipment.

Safety Equipment

Safety equipment and accessories.

Water Skiers Liability

Cover includes death or injury to a water skier being towed by your boat.

First Peoples Insurance is a 100% Aboriginal-owned, full-service insurance broker, not a product seller. We partner with you to understand your risks and design tailored insurance brokering solutions that evolve with your needs.

We have access to a large range of quality insurers and policies to ensure you obtain the best possible coverage.

Our claims team has years of experience and expertise in successfully managing complex and difficult claims.

The team at First Peoples Insurance can assist you 24/7 with claims. What this means to you is, even when you are out on the water, you can speak to our professional claims department when you need us most. No need to wait in a call centre queue.

Our qualified and trained insurance professionals will help you get the additional benefits you might need, for example when an emergency occurs, such as the need for emergency fuel or medical evacuation.

Easy Stress Free Claims Process: At First Peoples Insurance, we provide all our customers with a dedicated claims service, available 24/7 to assist with your claim.

Superior Claims Service: As an Adviser, First Peoples have priority to fast track our claims service in the event of an accident and/or weather event.

Frequently Asked Questions for Boat / Pleasure Craft Insurance

Yes— we will discuss the various cover options available under the policy. You may need to provide us with a valuation from a Marine specialist/valuer in order for the Insurer to agree to the nominated value.

Insurance is like any other product, you pay for what you get. There are many different insurers offering policies in different shapes and forms.

Service is extremely important.

This is the difference between a claim being paid out over night and a claim being paid out painstakingly over a year. Cheap premiums are on offer because costs are being cut elsewhere.

Coverage is also extremely important.

This is the difference between your claim being paid out or not paid out at all. Quite often, this results in financial burden in the long run.

Yes — this works in a similar manner to motor vehicle policies, and the no claim bonus discount works as follows:

Rate 1 – you will receive a 25% discount
Rate 2 – you will receive a 20% discount
Rate 3 – you will receive a 15% discount
Rate 4 – you will receive a 10% discount
Rate 5 – no discount will apply

Yes. First Peoples Insurance can arrange monthly premium funding for many insurance policies through approved premium funding providers.

For commercial insurance policies, the interest charged on a premium funding loan may be tax deductible, depending on your circumstances. Tax treatment differs for personal insurance products and may not be deductible.

You should seek advice from your accountant or tax adviser regarding the tax implications of any premium funding arrangement.

The Geographical limits includes cover for your boat whilst it is stored on land or is in transit on a trailer.

Cover will extend to include waters up to 250 nautical miles off the Australian Mainland and Tasmania, and the New Zealand North and South Islands (subject to the policy terms and conditions).

We will discuss the options with you to determine what type of cover and the locations you need cover.

As your Adviser, you will always contact First Peoples Insurance in the first instance and we will guide you through the claims process as this can vary from insurer to insurer.