Speedboat Insurance

Our Speedboat Insurance is tailored to meet the needs of high-speed vessels, machinery and equipment. Find out more about the types of vessels our policy covers.

Having specialised in Marine Insurance for over 195 years GJW Direct can provide you with the perfect cover for your Speedboat with instant quotes available online. Our self-service portal allows you to manage your policy online 24 hours a day, 7 days a week, 365 days a year. Alternatively, you can speak to a member of our friendly team. With a vast range of boat insurance options to suit all needs, when you insure your Speedboat with us you’re in safe hands. 

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Protected No Claims Bonus

Protected No Claims Bonus

Once you earn no claims bonus it is protected. This means that you will not lose your no claims bonus if you have one claim in any one policy period. Two or more claims will result in a loss of no claims bonus.

Machinery Damage Cover

Machinery Damage Cover

We cover loss or damage to the machinery and outboard motors caused by impact between the speedboat and any substance including ice (but not water).

Road Transit Cover

Road Transit Cover

We will cover your vessel during road transit (when requested), great for those long journeys to your favourite locations to use your speedboat.

  • 0% Finance available
  • Agreed value policy
  • Third party liability £5,000,000
  • Legal protection cover
  • No excess for claims where a third party is found liable
  • Medical expenses cover
  • Personal accident cover
  • 24 hour emergency claims helpline
  • Simple online claims procedure
  • Rapid claims settlement
  • Excellent financial security
  • Friendly personal service
  • Exclusive discounts from a range of recognised marine brands via MyBoat
  • 24 hour access to all of your policies and documentation in your online account

Features are subject to restrictions. Please see policy wording for full details.

For more information about the features of our GJW Direct Insurance, please refer to the relevant policy document.

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Marina Features included with a GJW Direct Policy
If you keep your vessel in a marina, you are entitled to Special Endorsements as part of our Marina Scheme.
Family in white speedboat going fast on blue sea
  • Recoup your berthing fees if you cannot occupy your berth due to loss or damage
  • Returning home after an incident; we will pay up to £2000
  • No excess for loss or damage incurred at your home marina if caused by an unknown or untraceable third party
  • Increased legal protection cover up to £100,000
  • Increased medical expenses up to £3000
  • No excess or loss of no claims bonus if loss or damage occurs whilst under way within your home marina
  • In the event of a claim you will have the benefit of a dedicated claims handler
  • We cover the cost of replacement keys if they are lost or stolen
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What GJW Direct customers think

Elly

Very pleased we've moved our boat insurance to GJW, as well as being more competitive than my existing insurer, we have many additional features, and the service overall has been excellent.

John

Great service at a very reasonable price. Have already recommended GJW to a few mates who have taken out insurance with them.

Darren

I have insured with GJW for several years now , I have had one claim which was sorted within a few days, excellent service.

James

Well I took insurance for the first time with GJW Direct. Mainly dealt with Carole who I can say is very very helpful and replies really efficiently. Insurance price for cover was amazing , very happy customer.

What does our Speedboat policy cover?

  • Protected No Claims Bonus

    Once you earn no claims bonus it is protected. This means that you will not lose your no claims bonus if you have one claim in any one policy period. Two or more claims will result in a loss of no claims bonus.

  • Machinery Damage Cover

    We cover loss or damage to the machinery and outboard motors caused by impact between the speedboat and any substance including ice (but not water). This includes main or auxiliary engines, electrical equipment, cables and fittings and hydraulic equipment, piping and fittings, boilers, gearboxes, outdrives and shafts.

  • Transit and Trailer Cover

    We cover your speedboat (up to 30 feet in length) and trailer(if requested) for transit by road within the cruising area specified on your Speedboat Insurance Certificate. We do not cover your liability for the trailer while attached to a towing vehicle or as a result of an accident on the highway or public or private place. This ought to be covered by your motor insurance policy.

  • Agreed Value

    In the event of a total loss claim, we will pay the value of your vessel originally agreed upon taking out your policy.

  • Legal Protection Cover

    We cover your legal expenses up to £25,000 to pursue damages for injury or death or out of pocket expenses following damage to your speedboat or for the defence of criminal prosecutions brought against you.

  • Third Party Liability of £5,000,000

    We cover you and any other person using your speedboat with your permission for legal liability to another person arising out of interest in or use of your speedboat up to a maximum of £5,000,000.

  • Excellent Financial Security

    You can trust in our excellent financial security as we are authorised and regulated by the Financial Conduct Authority.

  • Personal Accident Cover

    Our Speedboat Insurance policy covers you and any other person using your speedboat with your permission for accidental bodily injury or death whilst using your Speedboat up to a maximum amount of £20,000 any one person.

  • Rapid Claims Settlement

    Once we have received invoices and bank account details it takes 3-5 working days to be processed through the banking system and to arrive in the recipients bank account. 

    Please note that payments being made to outside the UK may take a little longer. 

  • Exclusive Discounts From a Range of Recognised Marine Brands via MyBoat

    Did you know, MyBoat members who insure with GJW Direct have access to exclusive offers and discounts from a range of recognised marine brands. Unlock your discounts today - sign up to MyBoat.

  • Medical Expenses

    We cover you and the crew of your speedboat for medical expenses incurred by you and/or them arising out of personal injuries caused by any of the perils covered under your Speedboat Insurance policy up to £1500 any one occurrence.

  • Simple Online Claims Procedure

    We have made our claims process as simple as possible with our online form, meaning you can fill out in your own time, anywhere. Once submitted it will be looked at by your dedicated claims handler, who will deal with the claim from there.

  • 24 Hour Emergency Claims Helpline

    Our staffed emergency claims helpline is open 24 hours a day, 365 days a year so we’re always there when you need us to offer a swift response and give sound, practical advice.

  • Friendly Personal Service

    Our specialist team who have a wealth of experience in the marine insurance industry. Talk to one our friendly team on 0151 473 8000 or get your quote online today.

Policy Documents

See below the policy documents relevant to your Speedboat cover which are available for you to download.  

Please note, your policy wording may differ from the latest version available on our website. Please refer to your online dashboard for the relevant wording for your policy.

Sponsoring the Autism On The Water Charity
We are delighted to sponsor Autism On The Water in their South Coast Adventure 2022. Find out how we are engaging our community, through sailing and charitable support.
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Partnering with the RNLI

Since 2018, we've partnered with the RNLI to aid their target of halving preventable coastal drownings by 2024. By sharing important safety information with our customers, we've raised over £120,000.
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  • What is a Speedboat

    A generalised term to describe a wide range of boats, a speed boat is generally defined as a high-speed motorboat with a powerful engine. It may have an onboard or outboard motor.

  • How Fast Do Speedboats Go?

    Our speed boat policy covers high-speed vessels that generally reach speeds up to 50kts. The fastest speedboats can travel in excess of 80kts. Often called ‘high-performance boats, these vessels are not generally covered under our speedboat policy. Speak to a member of our team to find out more.

  • Speed Boat Motor and Equipment Cover

    When you’re travelling at high speeds, you need equipment that works hard. Our policy covers loss and damage to machinery and equipment to maintain your high-speed vessel so you can concentrate on the water.