Te inihua poti


Te inihua poti

What's on this page

Types of insurance

There are 2 types of marine insurance:

  • personal pleasurecraft insurance
  • commercial marine insurance.

Personal pleasurecraft insurance

Covers you and your personal marine craft (including yachts, launches, jet-boats and jet-skis) against loss or damage and for liabilities you incur while using that craft.

Commercial marine insurance

Covers commercial vessels and their cargo, as well as the risks associated with exporting primary produce and importing agriculture-related goods, raw materials for manufacturing, manufactured goods and consumer items.

Safe boating

Maritime New Zealand has developed a number of simple guidelines for boat operators to ensure their safety while out on the water – check out more information.

There are also mobile apps to help you keep safe on the water: “MarineMate” is a smartphone app that allows you to access information on tide times, boat ramp locations, VHF channels, and local boating rules for the whole country.  You can download MarineMate, Metservice Marine and the Coastguard app from the Maritime NZ website.


Anyone who is at risk of suffering a financial loss if cargo is lost, damaged or destroyed should have marine cargo insurance.

Marine cargo open policy

A marine cargo open policy is an agreement between a merchant and an insurance company to insure all goods in transit within the agreement for an indefinite period (until either party cancels the agreement).

The policy specifies the

  • general description of the goods
  • countries or places to or from which the goods will be insured
  • maximum value payable under the policy
  • manner in which the goods will be valued
  • conditions of insurance.

The merchant agrees to declare details of all shipments that fall within the scope of the policy, and the insurer agrees to insure such shipments according to the terms and conditions of the policy.

Learn more

For more information, download the Marine Cargo Open Policy Handbook, which has been designed for importers, exporters and insurance advisers.

Large losses

ICNZ collects information on large marine losses over $500,000.