Marine Equity Plus Insurance [MEPI]

Marine Equity Plus Insurance is designed for where your comprehensively insured boat is written off (declared a total loss) as a result of total loss or theft, and you find that the payout from your comprehensive insurer, when your claim is accepted, is less than what you owe your credit provider for your boat.

If your boat is declared a total loss by your comprehensive insurer, Marine Equity Plus Insurance is a policy that will help you avoid having to pay any shortfall between what comprehensive insurer pays out and what you still owe your credit provider for your boat.

Depending on the level of cover selected, this policy may also pay a range of other expenses associated with replacement of your boat.

The information provided on this site is for general advice only and the product disclosure statement should be consulted for full details.