Your vessel is comprehensively insured by Cumberland.
Prior to departure you will pay a Damage Waiver of A$25 per night (upto a maximum of A$250). This is non-refundable and covers minor loss and damaged items on the vessel per insurable incident.
Cumberland may, at their discretion, charge a $1500 security bond in lieu of a damage waiver.

Insurance - Personal (Travel)
Think you don't need it? What happens if you break your leg or a child gets sick and you are unable to go on your longed-for holiday??
Cumberland recommends Travel Insurance for all our clients so that even if you do have to cancel your holiday you will not be disadvantage economically.
Travel Insurance is taken out to protect your financial investment in your holiday not to insure the vessel.
Travel Insurance should be a necessary part of your holiday preparation.
Have a look at www.oceanicinsure.com.au for all the information.