Australians love affair with water is legendary. With over 90% of us living within 100km from the ocean, it is inevitable that boat ownership is high on the agenda for a considerable amount of people.

Protecting this asset and the potential liability claims that can be made against you, is an affordable expense and should be looked at by boat owners as being just as important as lifejackets and safety equipment.

There are two sections to a standard boat policy:


  • Boat
  • Motors
  • Trailer
  • Sails, masts, spars, standing & running rigging
  • Listed boat accessories and safety gear
  • Personal effects (limited cover generally provided)

Details of each of these will need to be provided to your broker, with registration numbers, serial numbers, values etc. all listed individually. Cover will be for accidental damage, theft, malicious damage, transit damage, recovery of wreck etc.

Policies should be extended to include ‘skiers liability’ to cover damages caused by a person being towed


Insures you, and any person allowed by you, to control your boat against liability claims for:

  • Accidental death or bodily injury to other people
  • Accidental damage to other peoples property
  • Accidental death or injury to an aqua planer or water skier being towed by your boat (optional cover)
  • Accidental death or injury to any person caused by an aqua planer or water skier being towed by your boat (optional cover)
  • Accidental damage to another persons property caused by an aqua planer or water skier being towed by your boat (optional cover)


On some polices the option is available to reduce your premium by electing ‘lay up’ cover. This means that during the selected months your boat will only be covered whilst it is at a designated location (in storage), no on road or on water cover is given during this period.


You should always let your broker know if your boat will be involved in any form of racing or operating in waters beyond 100 nautical miles from mainland Australia. If your boat is beyond an age threshold set by the insurer you may be asked to take your boat to an inspection point for a report to be completed prior to acceptance of cover.

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Frequently Asked Questions

Is MGA community minded?2020-02-19T09:29:45+10:30

MGA is located in all mainland states and territories, both in metro and regional centres. In each of these locations MGA is a part of the local community and support is provided through local sponsorships and donations to a wide variety of sporting clubs, community groups, charities and events. On a national level the MGA Whittles Community Foundation was set up to facilitate fundraising by staff, along with contributions from MGA and its sister company, Whittles, from which 100% of funds are then donated to worthy charities.

For more information, please visit www.mgawhittlesfoundation.org.au

To find your local MGA office, see www.mga.com/our-offices/

Where can I find my nearest MGA Insurance Group office?2021-04-19T12:15:58+09:30

MGA has over 40 offices (and growing), located in both Metro and regional areas across mainland Australia and one in Phnom Penh, Cambodia. Office contact details can be found on our website, view our offices.

Why is it important to have the right insurance?2020-02-19T09:30:11+10:30

It’s important to understand your own risks so you can choose the right insurance product. In Australia, we have over 100 licensed insurers that offer a broad range of insurance products to choose from. Each insurer offers policies with different terms and conditions and exclusions so no two policies are the same. MGA brokers can provide advice on a wide range of general insurance products, both for domestic and business purposes and also have access to insurance policies that are not readily available to consumers.

Shouldn’t I just use an Insurance comparison website?2020-02-19T09:29:31+10:30

Some people turn to insurance comparison sites to look for the cheapest insurance, but that’s not always the best way as price is not the only thing you should consider. The policies you’ll be offered are usually fairly generic and may not meet your individual requirements. MGA brokers can arrange insurance cover on your behalf and provide advice on how to make the most of your insurance budget.

What’s the difference between an insurance agent and an insurance broker?2020-02-19T09:30:24+10:30

The main difference is that an insurance agent is a direct representative of the provider of the insurance policy being offered to you, their responsibility is to sell the products from those insurers and no others. They may be a multi agent where they provide covers from several providers, but they continue to only sell products from those insurers.

An insurance broker on the other hand is able to access many different insurers (excluding those that only sell direct to the public), matching the customer’s needs to the insurance policy and negotiating changes that may be required. Insurance brokers are engaged by the customer and are working on their behalf to source, negotiate, maintain, renew and assist in the claim process. An insurance broker is an advocate for the client, not the insurance company.

Can I pay for my insurance online?2020-02-19T09:30:44+10:30

Yes, you can pay for your insurance online through several different payment methods. Visit www.mga.com/payment-options/ to find a payment method that suits you.

How do I find my policy number?2020-02-19T09:30:53+10:30

Your policy number can be found on the tax invoice that you received when you purchased your policy. View example.

What is a Product Disclosure Statement (PDS)?2020-02-19T09:31:02+10:30

A Product Disclosure Statement (PDS) provides you with essential information to help you make a decision about whether to buy a particular product. It describes in clear terms the main features and the terms and conditions of the policy. A PDS also provides information about the cooling off period after you purchase the policy in case you change your mind and outlines what you need to do in the unlikely event you have a complaint.

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