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.
State Insurance — Boat Insurance Overview
State Insurance is one of the long-standing New Zealand consumer insurance brands, owned by IAG New Zealand. State writes pleasure craft and trailerable-boat policies and emphasises online quoting and self-service policy management.
Quick facts
- Parent / underwriter:
- IAG New Zealand Limited
- Underwriter (risk carrier):
- IAG New Zealand Limited
- Distribution channel:
- Direct to consumer (online-first)
- 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:
- Online quoting and policy management. Distributed direct to consumers.
- Website / PDS:
- state.co.nz
Policy structure
- Hull age and survey requirements
- Hull age and survey requirements depend on vessel type and value. Refer to the current PDS.
- Excess levels
- Standard excess per claim. Refer to the current PDS for current excess levels and any reduce-excess options.
- Trailer cover
- Trailer cover generally available; verify on the schedule.
- Charter / commercial use
- Not covered on a pleasure-craft policy — commercial cover required for any paid charter use.
- Pacific Islands / offshore navigation
- Default navigation area is New Zealand. Pacific or offshore trips require specific extension and conditions.
Common optional extensions
- Trailer cover
- Increased liability limits
Exclusions to be aware of
Standard market exclusions. Racing, charter, and commercial use generally excluded. Refer to the current PDS.
Claims process
Online claim lodging at state.co.nz or by phone. Claims handled in NZ by IAG.
Claims contact: State Insurance claims line — details on the policy schedule and at state.co.nz
Who this insurer commonly suits
Recreational owners who prefer online-first quoting and account management.
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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