Club Marine Questions

Q. What if I already have my insurance with Club Marine?
A. At renewal time you can contact Club Marine on 0800 88 2582 and advise them that you would like to transfer your existing policy and participate in the NZSFC scheme.

Q. Do Club marine offer monthly instalments?
A. Yes, however to offer the best premiums to our members there may be interest and an administration fee charged for this – Please contact Club Marine on 0800 88 2582 to discuss this option.

Q. What type of vessel best fits with Club Marine?
A. Club Marine will look at all vessels, but they specialise in boats under 20 years old.

Q. Do Club Marine cover my Fishing Gear while on the boat?
A. Yes, Fishing Gear*, Water Ski Equipment, Diving equipment and Tools is limited to $500 for each item and $5000 in total for all items combined unless otherwise agreed in the schedule. [Conditions apply: (a) For loss or damage to Personal Effects, Fishing Gear*, Diving Equipment, Water Ski Equipment and Tools unless they were stored on or being used on Your Boat at the time of loss or damage; or
(b) For Theft from Your Boat of Personal Effects, Fishing Gear*, Diving Equipment, Water Ski Equipment and Tools unless there is physical evidence of violent and forcible entry into a lockable part of Your Boat.]

* NB: 'Fishing Gear’ means rods & reels used for the purpose of recreational/sport fishing owned by You.

Q. How does the Club Marine rebate scheme work?
A. The NZSFC receives a 15% commission on new policies and a 10% commission on renewal of existing business on the risk component of the premium only. No commission is paid on the Government levies or the magazine.

The 15% reduces to 10% after the first year of cover. This commission is paid to NZSFC monthly. The actual commission paid to NZSFC works out at about 8.5% of the premium paid – it varies based on vessel type and circumstances. NZSFC then distributes the commission back to the affiliated clubs at 6% commission on the total premium whilst the balance is retained by the NZSFC to implement and administer this business as well as establishing a reserve for unforeseen circumstances. As administration costs reduce the commission paid to the NZSFC clubs will be reviewed with a view to increasing the commission.