What is a Marine Warranty?
A Marine Vessel Warranty is designed to reduce the financial impact of unexpected and potentially costly mechanical repairs. Depending on your policy, a boat warranty can cover components and parts as listed in the policy from $1500 to $5000 per claim as well as offering towing assistance.
What are ‘additional benefits’ under the Marine Warranty?
Additional benefits under your marine warranty can include towing assistance and consquential damage cover.
If I change my mind, can I cancel the warranty?
Yes, if you change your mind within 30 days of purchasing the warranty, you will be offered a full refund as long as you have not made any claims.
If I sell my boat, what happens to the warranty coverage?
If you sell your boat or marine vessel you can transfer the remainder of the warranty to the new owner.
Can I pay in installments?
Yes, there are various options to pay for your warranty.
These include bank transfer, credit card, Pay in 4 instalments with Paypal and longer terms (up to 24 months) through Humm (Additional fees may apply through Humm)
Are there any exclusions under the warranty?
Yes, the warranties do come with exclusions which can include: battery, paint, glass, misuse of the vehicle. It’s important to read the Product Disclosure Statement (PDS) to get an understanding of the inclusions and exclusions under the warranty.
What’s the best warranty cover for boats?
There’s no best cover for marine vessel warranties as choosing a warranty depends on the boat age and your individual needs and budget.