RACV Marine Boat Insurance

Boat insurance to suit your needs with the service you expect from RACV

Victoria's most trusted insurance

Every year more than 1 million Victorians choose RACV Insurance. And it’s no wonder. After all, we set out to offer excellent value for money and the very best in service.

Why choose Boat Insurance* with RACV?

  • One Simple Agreed Value

    We know valuing your boat is hard. That's why together we agree on one simple value from stem to stern for your boat insurance, so that you know exactly where you stand if there's any loss or damage incurred from an insured incident.

  • Range of discounts

    The longer you are with RACV, the more you can save on your boat insurance. No Claim Bonus, RACV’s Multi-Policy Discount and Years of Membership Benefits.

  • Moored boat? No worries

    Insuring a moored boat can be time consuming, however with RACV we require just one Out of Water Survey for the life of the policy.

  • One excess for two policies

    In the unfortunate event that your boat is attached to your car and they're both involved in an incident, provided both are comprehensively insured through RACV, you will only pay the higher basic excess of the two policies.

  • Choice of repairer

    We're as passionate as you are about your boat, that's why if you need to make a claim we let you choose a marine repairer or mechanic to repair your boat.

We have a great list of features to ensure you get the right insurance for your boat

  • Cover from stem to stern boat insurance

    When you insure your boat through RACV, your cover includes certain hull, motors, masts, spars, rigging and sails, equipment and accessories, boat tender and trailer damage.

  • Range of incidents generally covered for, including the clean up

    You're generally covered for accidental damage, collision or crash, theft or attempted theft, vandalism or a malicious act, fire, flood, storm, explosion and more. You're even covered up to $250,000 to remove, contain or clean-up debris or liquids released from your boat.

  • Cover for water skiing, sailboat racing, and floatation devices

    Optional liability cover for when your boat is being used to tow a waterskier or someone riding a flotation device. You also have the option to extend your non-liability cover to include racing your sailboat in certain organised events up to 50 nautical miles.

  • Optional contents cover

    Nominate cover up to $10,000 for contents in a lockable cabin or compartment on your boat. Includes portable clothing and selected personal belongings, GPS, diving, fishing and waterskiing equipment stored there.

  • Up to $5000 for emergency expenses and rescue services

    This includes reasonable towing costs, emergency repairs, dealing with a submerged motor, and the costs of sinking your boat if a lawful authority tells you to do so. As well as certain search and rescue operations for anyone using your boat.

  • Optional lay-up cover

    If you only use your boat for part of the year, why pay the full premium? Nominate your lay-up period, from one to six months, and you could reduce your premium.

  • Hull inspection contribution

    If you need to confirm whether a covered incident has caused loss or damage, RACV will contribute up to $1,000 towards the cost for a qualified marine repairer to inspect your hull.

  • Up to $10 million in liability cover

    For you or someone with permission to use your boat where your boat causes loss or damage to someone else’s property, or death or personal injury to someone else. Exclusions apply, check PDS for details.

Do you need to complete an Out of Water Survey and Valuation report prior to insuring your vessel?

If your boat is moored, you may need to obtain an Out of Water Survey and Valuation report before it can be insured. First, you will need to know how old your boat is and what material it's made of.

RACV Boat Insurance Product Disclosure Statements

In our PDS and Policy Booklet, we set out the full details about your cover and any limits, exclusions and conditions that may apply.

RACV Boat Insurance Product Disclosure Statement and Policy Booklet for policies with a start date on or after 19 May 2019 and renewal policies with a start date on or after 30 June 2019. 



RACV Boat Insurance Product Disclosure Statement and Policy Booklet for policies with a start date on or after 19 May 2018 and renewal policies with an end date on or before 30 June 2019.


^ List of local Marine Surveyors provided for convenience only. The list is not exhaustive and may be subject to change. RACV is not affiliated with the any of the listed Marine Surveyors. RACV does not guarantee the quality or accuracy of any Out of Water Surveys or Valuation Reports produced by a listed Marine Surveyor.

* RACV Boat Insurance is issued by Insurance Manufacturers of Australia Pty Limited ABN 93 004 208 084 AFS Licence No. 227678. The information on this website is general advice only so before making any decisions, please consider your own circumstances and the Product Disclosure Statement.

** On existing policies discount takes effect at next renewal. Excludes Travel, Business, Farm, Single Item and Pet Insurance products.