House insurance cover

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.
             
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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%
               
     
 
 
 
 
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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