Club Marine eNews

You could save on your premium

Summer boating inspiration

As a Club Marine member, you probably already know about our specialist services that provide the support you want when you need it most – like our quick and easy online claims service that’ll have you back on the water in no time.

Or how about Club Marine Assist, our round-the-clock member support that’s available seven days a week at no extra cost … you’ll find details about Club Marine Member, Personal, Vehicle and Trailer Assist on our website.

But did you know we can also help you save on your boat insurance premium? Here’s how ...

One way you might be able to save on your premium is by ensuring the sum insured reflects the current market value of your boat – this means that while your boat may have had a certain value when you purchased it, that value may have changed over time. If your boat’s value has decreased, we may be able to decrease your premium to better reflect its current value. Alternatively, if you’ve added equipment and accessories or even overhauled the whole boat, it may have increased in value ... to know for sure, speak with your boat broker or boat dealer to have the boat valued and let us know. You can also use our Service Provider Locater to find a boat valuer near you.

Your boat’s location also plays a significant role in determining the insurance premium, so it’s a great idea to ensure the location is up to date. For example, a trailerboat kept in Sydney (a metro area) may incur a higher premium than a boat kept in Broken Hill, which is a country area. Either way, it’s important to let us know what your boat’s actual location is – in addition to possibly lowering your premium, an inaccurate location may impact a claim.

Another location that’s more costly to insure than others is swing moorings – their very nature means your boat is at a higher risk than, say, when it’s safely tucked in a marina pen or parked in the garage at home. While we encourage our members to enjoy their boats when and where they please, we do like to remind you that some places are safer (and less costly) than others to store your pride and joy ... and that it may be worth considering a change in location. If you’ve moved your boat from a swing mooring or changed its storage location, let us know so we can update your records and see whether you can save on your premium.

What about the months when you’re not using your boat? Trailerboat owners can add layup months! Just let us know when your trailerboat will be stored and out of use – we’ll reduce your premium accordingly and let you know what’s included in your insurance during the layup period.

And if you’re thinking of buying a second boat and the first one is insured with us, you may be eligible for a multi-policy discount ... please ask your broker or boat dealer for details (or call us if you’re insured directly), as conditions do apply.

Of course, the easiest way to save when you buy or renew your Club Marine insurance is to do so online ... you’ll receive a 5% online discount, on the spot.

If you’d like to know more, check out our website or call us on 1300 00 CLUB (2582).

Any discounts offered are applied to our standard rates. Promotional or other discounts may apply from time to time. Minimum premiums may apply. Any discounts/entitlements only apply to the extent any minimum premium is not reached. If you are eligible for more than one, we also apply each of them in a predetermined order to the premium (excluding taxes and government charges) as reduced by any prior applied discounts/entitlements. To qualify for the maximum no claim bonus of 25%, customers must have had no pleasure craft insurance claims in the preceding five years. However, customers who have had up to two claims may still qualify for reduced no claim bonus. Discounts are available at the time of printing and subject to change without notice.