Our premium home insurance product, this policy offers our highest level of protection for your home. Automatic benefits of this policy include Alternative Accommodation cover, Hidden Gradual Damage cover up to $10,000, matching items and Landscaping up to $100,000.
We can offer a complimentary Quantity Surveyor rebuild valuation under our NZI Distinction Home policies to help give you confidence that you’ve set the right level of cover for you. If your home is damaged due to an event other than a natural disaster, we'll pay the reasonable repair or rebuild cost even if it's more than the total sum insured if certain conditions are met.
Great practical cover, our most popular policy. It will give you the confidence to know you’re covered up to a maximum specified amount should something happen to your home. Automatic additional benefits include cover for alternative accommodation and your legal liability for bodily injury to others.
Good value, our most affordable policy. It offers protection up to a maximum specified amount for that thing that matters most – your home. Cover for loss of rent and landlord’s fixtures and fittings are among the automatic additional benefits this home insurance offers.
Provides basic insurance for those who own a house. This policy provides cover for certain specified events and offers both replacement value and present value options for your house up to a maximum specified amount.
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What is sum insured?
Homes are covered on a Sum Insured basis. This means that instead of being insured for an unspecified replacement cost, you are insured for up to a maximum specified amount. That amount is your Total Sum Insured.
It is important to ensure that the Total Sum Insured amount on your Policy Schedule reflects the likely cost of rebuilding your home (together with Special, Recreational Features and/or Retaining walls specified on the Policy Schedule). If you set your Total Sum Insured too low, you may not have adequate coverage in the event of a loss to your home. If your sum insured is too high, you may be paying too much premium.
There are different ways to estimate the likely cost of rebuilding your home like going to need2know.org.nz where you’ll find an easy-to-use calculator that can help you estimate the likely cost of rebuilding your home. We've also prepared a guide with more information.
Another way is to commission an independent Valuation for Insurance Purposes from a registered valuer or hire a professional assessor or licensed builder.
When your home insurance policy renews, we ask that you check the Total Sum Insured amount on your Policy Schedule and confirm you are comfortable that the Total Sum Insured (including any Special Features, retaining walls, and Recreational Features) is adequate.
If you have any questions or would like changes to be made, please contact your insurance broker.