Pantaenius Australia Offers New 90-Day Lift Cover for Boat Maintenance
Pantaenius Australia Offers New 90-Day Lift Cover for Boat Maintenance
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Pantaenius Australia, a specialist in marine insurance, has introduced a 90-day lift cover policy designed to provide boat owners with third-party liability insurance while their vessels are out of the water for maintenance or survey purposes.
Recognising the challenges boat owners face when lifting their vessels for upkeep, Pantaenius developed this policy to offer peace of mind during these periods. The coverage includes up to $20 million in third-party liability claims associated with the vessel being lifted out of the water. The policy is available at a flat rate of $299 for vessels up to 50 feet and $399 for larger vessels, inclusive of stamp duty and GST. The application process is streamlined, allowing boat owners to secure coverage on the same day of inquiry without the need for a survey.
Regular maintenance, including hull cleaning and inspections, is essential for the longevity and performance of a vessel. However, the process of hauling a boat out of the water can pose risks, making appropriate insurance coverage crucial. Pantaenius's new policy addresses this need, ensuring that boat owners are protected against potential liabilities during maintenance periods.
This initiative reflects Pantaenius Australia's commitment to providing tailored insurance solutions that meet the evolving needs of the boating community, reinforcing their position as a leader in the marine insurance sector.
Published:Saturday, 28th Feb 2026 Source: Paige Estritori
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Surrender Value: The amount of money an insurance policyholder will receive if they voluntarily terminate the policy before it matures.
