New Wave Insurance - Sydney

About New Wave Insurance - Sydney

New Wave is a modern marine insurer that lets you choose your underwriter. Its policies are backed by two heavyweights, **Berkshire Hathaway Specialty Insurance** and **underwriters at Lloyd's of London**. You can get a quote online in about three minutes, with no survey needed on most new quotes. With **25,000+ customers**, **30,000+ policies** and a **4.8/5 rating from more than 3,000 verified reviews**, it's one of the fastest-growing names in Australian boat insurance.

## At a glance - **Best for:** racing sailors, offshore cruisers, and owners who want agreed value without fuss - **Covers:** power boats, sailing vessels and specialty craft, jet skis, caravans and camper trailers, trailers and horse floats, and business public liability - **Liability:** up to $10 million - **Offshore limit:** 250 nautical miles on the Lloyd's policy

## The story New Wave was launched in **2018** by **Hiller Marine**, a specialist agency whose team brings more than 100 years of combined marine insurance experience. Co-founder **Michael Hiller** was a finalist for Young Insurance Professional of the Year at the ANZIIF Australian Insurance Industry Awards. The business has since added caravan and trailer insurance, won ANZIIF recognition and been named a 5-Star Innovator. Its sister brand [Marine Bind](/directory/marine-bind) sells instant online cover.

## What stands out - **Agreed value available,** so you know the payout up front. It's generally capped at 15% above purchase price unless agreed otherwise in writing. - **Proper racing cover:** separate sections for yacht racing and for social and corporate racing. - **Choice of repairer** and a specialist marine claims team. - **Personal effects and water sports gear** covered. - **Online everything:** instant quotes, an automatic online discount, a 24/7 policy portal and quick online claims. - **21-day cooling-off period** at purchase and at every renewal.

## Good to know - New Wave is an agency (Hiller Marine) acting for the underwriters, so your contract is with Berkshire Hathaway or Lloyd's. - It doesn't bundle with home or car insurance. - Custom boats worth well above their purchase price may need their agreed value negotiated.

## How it compares New Wave stands out for **racing sailors** and for owners who like **choice**: two underwriters, choice of repairer, and agreed value. [Club Marine](/directory/club-marine-boat-insurance) offers bigger emergency and personal-effects benefits. [Pantaenius](/directory/pantaenius-australia) is the specialist for international cruising.

## Questions to ask before you buy - **Berkshire Hathaway or Lloyd's:** which policy suits my boat and plans, and what's its offshore limit? - Does my **racing** fall under yacht racing or social racing cover? - What **agreed value** can I get if my boat is worth more than I paid? - Can I buy **online** to get the discount?

## Sydney office **14/44 Market Street, Sydney NSW 2000** · 1300 121 046 · help@newwavemarine.com.au. There's also a [Melbourne office](/directory/new-wave-insurance-boat-caravan-trailer-public-liability-insurance-2).

See our guide to [marine insurance in Sydney](/marine-insurance-sydney) and compare other [marine insurance providers](/directory/services/insurance).

**Last checked:** September 2026. Always read the current PDS for your quote.

Services and expertise

• Marine insurance

Confirm availability, scope and pricing directly with the business before making arrangements.

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