Lay-Up Cover

Lay-up cover allows you to reduce your premium during periods when your jet ski is not being used, typically over the winter months or during extended storage. During the lay-up period, your policy continues to cover static risks such as fire, theft, storm damage, and accidental damage while the craft is in storage. Waterway use is excluded during lay-up, which is why premiums are lower and makes this a cost-effective option for seasonal riders.

The best way to determine the right coverage structure is to speak with a specialist marine insurance broker. A broker can assess your craft, usage, and financial circumstances and recommend a policy structure — rather than fitting you into a standard retail product. The referral service at jetskiinsurance.co.nz connects you with specialist brokers at no cost.

In many cases, yes. If you already have marine insurance, your broker may be able to endorse additional coverage types onto your existing policy. Alternatively, a new policy that bundles the coverage structures you need may provide better terms and simpler administration. Discuss your current policy with a specialist broker before assuming what can and cannot be added.

Most NZ marine policies include a geographic coverage area that covers NZ coastal and inland waterways. Cover in Australian territorial waters or on overseas trips typically requires a specific extension and may attract additional premium. If you travel with your craft, make sure you discuss geographic limits with your broker before your trip.

Contact your broker or insurer as soon as possible after an incident. You will be asked to describe what happened, provide photos where relevant, and submit a police report if theft is involved. A specialist insurer will then arrange an assessment. Your broker can advocate on your behalf if any aspect of the claim is disputed — one of the key advantages of using a specialist rather than going direct to an insurer.