THIS PAGE HAS NOT BEEN UPDATED SINCE EARLY 2011.
It is being made available only for archival purposes, and reflects the situation prior to the Christchurch earthquakes.
It does not reflect current premium rates or coverage. Do not use it for current reviews.
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| Institution | Policy name | Underwriter and Rating |
Replace
? |
Specified
Value ? |
Accidental
Damage ? |
Natural
Disaster top-up ? |
Gradual
Damage ? |
Unoccup clause ?
|
Owners Liability
|
Our
Score |
| IMPORTANT: See notes at foot of page. Details on this page are for your easy reference only, and do not replace the actual policy wordings. Once you have selected a short-list, we strongly recommend you read the actual policy coverage, and get a professional independent assessment of your requirements. | ||||||||||
 |
||||||||||
| AA Insurance | HomeCover (Defined Benefits) |
Self A+ (S&P) |
yes
|
no
|
no
|
yes
|
$2,000
note 3. |
note 4.
|
$1 mil
|
52%
|
|
AA Insurance
|
HomeCover (Accidental Damage)
|
Self
A+ (S&P) |
yes
|
no
|
yes
|
yes
|
$2,000
note 3. |
note 4.
|
$1m
|
62%
|
| AMI | Premier |
self A- (AM Best) |
yes
|
no
|
yes
|
yes
|
$1,500
note 5. |
note 4.
|
$1 mil
|
57%
|
| AMI | Market Value |
Self A- (AM Best) |
no
|
yes
|
yes
|
yes
|
$1,500
note 5. |
note 4.
|
$1 mil
|
48%
|
| Ansvar | Home |
Self A- (AM Best) |
yes
|
no
|
yes
|
yes
|
$5,000
note 5. |
note 4.
|
$1 mil
|
68%
|
| BNZ | Premiercare |
IAG AA (S&P) |
optional
extra |
optional
extra |
yes
|
yes
|
$2,250
note 9 |
note 4.
|
$1 mil
|
69%
|
| NZI | Supersurance |
self AA (S&P) |
yes
|
no
|
yes
|
yes
|
$5,000
note 5. |
note 4.
|
$1 mil
|
77%
|
| NZI | Echelon Home |
self AA (S&P) |
yes
|
no
|
yes
|
yes
|
$3,000
note 5. |
note 7.
|
$1 mil
|
84%
|
| State | Home Comprehensive |
self AA (S&P) |
yes
|
no
|
yes
|
yes
|
$2,500
note 5. |
note 7.
|
$1 mil
|
74%
|
| State | Home Essentials |
self AA (S&P) |
no
|
yes
|
no
|
yes
|
no
|
note 7.
|
$1 mil
|
51%
|
| Tower | Maxi House |
self A- (AM Best) |
yes
|
no
|
yes
|
yes
|
$5,000
note 5. |
note 7.
|
$1 mil
|
73%
|
| Vero | MaxiPlan |
self A+ (S&P) |
optional
extra |
optional
extra |
yes
|
yes
|
$3,000
note 5. |
note 7.
|
$1 mil
|
68%
|
| Westpac |
Home Cover note 10. |
Lumley A- (S&P) |
optional
extra |
optional
extra |
yes
|
yes
|
$2,500
note 11. |
note 12.
|
$2 mil
|
75%
|
|
|
|
|
|
|
||||||
| Note 1: but only if damage occurs and is discovered while you live in the house. | ||||||||||
| Note 2: No cover unless agreed in writing, after 60 days. | ||||||||||
| Note 3: provided occurred while insured with AA Insurance. | ||||||||||
| Note 4: after 60 days, cover limited to defined perils unless otherwise agreed in writing. | ||||||||||
| Note 5: provided the damage occurs while you own and occupy the house.. | ||||||||||
| Note 6: provided damage occurs and is discovered while you own the house. | ||||||||||
| Note 7: No cover unless agreed in writing, after 90 days. | ||||||||||
| Note 8: No cover unless agreed in writing, after 30 days. | ||||||||||
| Note 9: during any period of insurance while you occupy the property | ||||||||||
| Note 10: Combined policy covers house and contents, private motor vehicle, and pleasurecraft | ||||||||||
| Note 11: provided damage happens and is identified while you are living in the house and Westpac are the insurer | ||||||||||
| Note 12: No cover if property is unoccupied for 60 days or more and excludes holiday homes | ||||||||||
| Note 13: Provided damage test occured during the period of insurance | ||||||||||
| Note 14: No cover unless agreed in writing after 60 days | ||||||||||
|
|
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