HomeBoat InsuranceYoui Comprehensive Boat Insurance Review – Forbes Advisor Australia

Youi Comprehensive Boat Insurance Review – Forbes Advisor Australia


Youi Watercraft Comprehensive Insurance covers you for up to 200 nautical miles from the Australian and Tasmanian coastlines for accidental damage caused by:

  • Storm, hail or flood
  • Fire
  • Theft or damage caused by theft
  • Earthquake.

The policy features legal liability cover up to $10 million, which is industry-standard.

Boaters can take comfort in the policy’s emergency accommodation, transportation and repair cover to the tune of $1,000.

Youi will also fund the replacement of locks and keys if the watercraft is stolen. If watercraft signwriting is damaged, they will cover this, too.

Nevertheless, while some insurers allow customers to choose between insuring at either agreed or market value, Youi will only insure for the latter. This means that if the value of your vessel drops between purchase and the time of a claim, you may be out of pocket.

There is, however, a choice of excess levels so customers can elect for a higher excess payment at claim-time to reduce their monthly or annual premium.



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