Boat Insurance
Get boat insurance
Boats cost a lot of money, and that is why they must be protected, boat insurance is how you do it. Whether you are using your boat for personal and commercial use, you need insurance for it. At Sundown Marine, we can help you get the insurance you need for your boat. We serve as insurance agents for many of the top boat insurers in Brisbane, and when you get your boat insurance through us, you will be getting a discount. The best way to protect your boat’s value is through insurance, but insurance is not as simple as it sounds. When it comes to boat insurance, you have to get it right the first time.
This is because insurance costs money as it is. But it is worse when it doesn’t give the protection that you think it does. This can happen if you aren’t an expert to get your boat insurance.
At Sundown Marine. We make sure that we get you the most suitable policy for your boat. With so many insurance providers and policies available, it is easy to get confused about which policy to go for. But when we handle the insurance for you, we know the policy to go for, and we make sure you get suitable and affordable premiums on the policy. We have insurance experts who will help you with the whole insurance process such that you will not have to bother yourself with all the hard work involved. Our boat insurance will protect you against fire, theft, malicious or accidental damage, and many more. We are very particular about the extent of the coverage that the insurance offers because of the multiple risks that exist in the water, all of which can affect your boat. As your insurance agent, we handle every part of the insurance process.
The Insurance services we offer
Finding the Insurance Provider
There might be hundreds of insurance providers in Brisbane, but finding the right one for you is not that easy. Boat insurance is unique, and not every insurer offers them. Of the ones that offer them, not everyone has a suitable deal for you. by taking charge of your insurance, we make sure it is only the insurer that will offer the right policy that we connect you with.
Getting the insurance policy
Finding the insurance provider is just half the job; the other half is getting the right policy. Doing this will require looking at your intended purpose for the boat. For instance, a boat for commercial purpose will require a different type of insurance than for just leisure. This is because the commercial boat will be used more frequently and therefore, exposed to more risks than the boat that is only used in the summer. That is why we make sure to listen to you outline your purpose of the boat so we can determine how best to protect you and the boat.
Negotiating
We also help you negotiate premium with the insurance provider. Many things will affect the amount you pay on the premium, such as the size of the boat and the purpose you have in mind for the boat. Regardless of the risks involved, which is the major thing that can hike your premiums, we help you get a deal that is affordable and make sure you are not overcharged for any reason.
Filing Claims
When the events that you insure the boat against happens, causing damage or loss of your boat, the next step after informing the relevant authorities is to file claims. We can help you do this and ensure that the damages are paid in due time. This can be necessary, especially when the boat is a commercial boat, and any delay will affect your business operations.
Renewal and Switch of Insurance
The insurance can expire, and when that happens, you should renew as soon as possible. In fact, a boat should not be without insurance, or it is a ticking time bomb. We can help you renew your insurance as soon as the old one expires so you will have protection at all times. Closely related to the renewal of insurance is switching of insurance. This can happen when the insurance policy you are currently on does not provide the necessary coverage you need. If you should discover that, you should immediately find a way to renew the insurance, and we can help you do that. We make sure that the switch of insurance is seamless such that you are not without an insurance policy throughout the whole time. If you notice that your insurance policy is not suitable, don’t make the mistake of waiting to see the insurance, switch as soon as possible.
Why You Need a Boat Insurance
Protect your investment
A boat is very expensive to buy and maintain, whether you are using it for leisure or business, it is an investment that you must protect. Insurance offers this protection as it covers loss or damage due to any foreseeable or even unforeseeable occurrence. With insurance, any financial liability incurred from use and ownership of the boat becomes the insurance company’s liability.
Legal Obligation
You are not only one using the waterways, that is why insurance is compulsory. So as to protect other boat owners and seafarers. However, the form of insurance that is compulsory is usually third party insurance which protects other people and their property from damages caused by your boat. But it does not protect you personally which means that if you have only third party insurance and hit another boat, your insurance will cover the cost of repairing that boat, but you have to repair yours with your own money. This is why comprehensive insurance is better.
Some Lenders Need It
You may not be able to get boat finance without boat insurance.
DISCLAIMER. THIS INFORMATION IS ONLY AVAILABLE AS A GENERAL GUIDE ON THE GOVERNMENT POLICIES. IT IS DERIVED FROM THE OFFICIAL AUSTRALIAN GOVERNMENT SOURCES. WE DO NOT BEAR ANY RESPONSIBILITY FOR THE COMMENTARY AND ANALYSIS OF THIS PUBLIC DOMAIN INFORMATION NOR ANY LIABILITY FOR HOW THE FACTS ARE INTERPRETED. IT IS RECOMMENDED THAT YOU SPEAK WITH AN ACCOUNTANT OR FINANCIAL ADVISOR TO GET PRECISE INFORMATION AND ADVICE ON YOUR SITUATION.