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Watercraft Insurance
Get a Cash Back Bonus
Simply add the Cash Back Bonus to your Budget Insurance policy and if you remain claim free for two years, we’ll reward you by giving you money back.
Watercraft Insurance Benefits
Comprehensive Cover
Your watercraft, be it yacht, speed boat, single hull boat, or other craft, is covered against a wide range of natural disasters, including earthquake, fire, storm, and snow.
Liability Cover
You can add waterskier liability cover for a small additional monthly fee. This covers the waterskier and
Towing & Storage
Your boat isn’t just covered on the water; we also insure it when it’s transported by land, as long as its conveyed in a roadworthy trailer.
What is Watercraft Insurance?
It’s hard to explain the happiness and freedom you experience when you’re out on the open water. Your watercraft, whether it’s a boat, yacht, or jet ski, brings a lot of joy to your life. Make sure you cover it with affordable Boat Insurance.
With our Watercraft Insurance, you’re covered for accidental damage, theft, and third-party liability. This includes the craft itself as well as its:
- Machinery, motors, and batteries and their connections.
- Standard fittings and accessories, whether they’re being used at the time of the incident or if they’re stored in the boat.
- Gear and equipment.
- Sails and protective covers if the craft is stranded, sinks, burns, collides, or if the spars become damaged.
You also automatically get cover for:
- Salvage charges: If you run up expenses while trying to minimise or prevent further damage or loss to your craft, we will cover the charges.
- Finding the craft: If your watercraft is stranded or sunk, we’ll cover the costs of finding it.
- Repatriation: If your watercraft is disabled outside of South Africa but still within the borders and waters we cover, we’ll pay to have it returned to South Africa.
- Waterskier’s liability cover: If you and your family love to waterski, you can even choose to add waterskier liability, which covers waterskiers and third-parties for accidental death or injury.
It’s smooth sailing with Budget when you insure your watercraft with us. Whether you’re looking for yacht, speed boat, or ski boat insurance, we’ll give you the comprehensive cover you need to keep your water-baby safe.
Other Car Insurance Products
With your 4x4, you can go almost anywhere. Protect that freedom with a Comprehensive Off-Road Insurance quote. We’ll cover your 4x4 for theft, accidental and third-party liability.
Don’t forget your trailer when you’re planning your next holiday! Make sure you cover it against theft, accidental damage, third-party liability.
Our Scratch & Dent Cover makes sure you can get rid of those ugly light scratches, dents, and chips on your vehicle’s body.
Potholes and uneven road surfaces are major hazards for your tyres and rims. With this value-added product, you can repair or replace them within budget.
If you still owe a lot on your vehicle finance agreement, we’ll cover the shortfall remaining after your car insurance has paid out in the case of a write-off.
Whether your car is just about to come out of warranty or it hasn’t had that kind of cover in years, we’ve got the right Motor Warranty plan for you.
In addition to theft, accident damage, third-party liability, you can also add Loose Caravan Contents Insurance to your Caravan Insurance policy.