Boat Coverage NZ does not assign opinion-based ratings, star scores, or "best" labels to insurers. Information on this page is factual and drawn from each provider's public website and product disclosure statements (PDS). Specific terms, excess levels, and exclusions vary by policy — always refer to the current PDS before purchase.
AMI Insurance — Boat Insurance Overview
AMI Insurance is part of IAG New Zealand and operates a branch network across New Zealand. AMI writes pleasure craft and trailerable-boat policies primarily to recreational customers.
Quick facts
- Parent / underwriter:
- IAG New Zealand Limited
- Underwriter (risk carrier):
- IAG New Zealand Limited
- Distribution channel:
- Direct (branch network + online)
- Policy types:
- Pleasure craft, trailerable boats, jet skis
- Valuation basis:
- Agreed value or market value (policy-dependent)
- Default navigation:
- New Zealand coastal waters
- Notable features:
- Branch network across New Zealand for face-to-face service.
- Website / PDS:
- ami.co.nz
Policy structure
- Hull age and survey requirements
- Survey may be required for older hulls. Refer to the current PDS.
- Excess levels
- Standard excess per claim. Refer to the current PDS for current levels and reduce-excess options.
- Trailer cover
- Available; verify on the schedule.
- Charter / commercial use
- Not covered on a pleasure-craft policy.
- Pacific Islands / offshore navigation
- Default navigation is New Zealand. Offshore trips require specific extension.
Common optional extensions
- Trailer cover
- Reduced excess option
Exclusions to be aware of
Standard market exclusions. Racing, charter, and commercial use generally excluded. Refer to the current PDS.
Claims process
Local branch contact, phone, or online. Claims handled in NZ by IAG.
Claims contact: AMI claims — contact on policy schedule and at ami.co.nz
Who this insurer commonly suits
Owners who want a local branch contact point and face-to-face service.
What to verify before purchase
When reviewing any boat insurance product, the factual items worth checking in the current PDS are:
- Whether the policy is written on agreed value or market value
- The default navigation area and any extensions available for your intended use
- Excess levels for hull, machinery, third-party, and named-windstorm claims
- Hull age, survey, and rigging-age requirements (for sailboats)
- Sail depreciation schedules (for sailboats)
- Bar crossing, racing, charter, and commercial-use conditions
- Trailer cover inclusion and sum insured
- Electronics and tackle sub-limits
- Claims-notification timeframes and contact options
Verifying registration
You can verify the registration of any New Zealand insurer or financial service provider on the Financial Service Providers Register. Conduct concerns about a licensed Financial Advice Provider can be raised with the Financial Markets Authority. Complaints that cannot be resolved with the insurer may be referred to the insurer's external dispute resolution scheme — see the PDS for the scheme name and contact details.
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