What is it?
For most New Zealanders the family home is the largest asset they’ll ever own. This means it’s essential to protect it now with the right insurance cover. After all, no one wants to discover they’re inadequately insured when it’s too late.
What does it cover?
Home insurance covers material damage to your house from events such as fire, lightning, explosion/implosion, destruction or damage caused by aerial devices, as well natural events like earthquakes, storms, cyclones, floods, storms, rainwater, wind, hail and snow.
Some of the key things to consider when taking out Home Insurance include:
- What level of cover is being provided by the insurer? If you are wanting to insure for full replacement, is the sum insured adequate to cover a total loss?
- What is the occupancy of the premises?
Building Sum Insured
- How do you determine an adequate sum to insure?
Contents Sum Insured
- Are your contents adequately insured?
- Does the policy wording cover your contents even if you take them out of your home?
- Is your jewellery covered, and to what extent? Is it sub-limited? Is it covered away from your home?
- Are any of your contents kept in the open air, such as your yard or on your veranda? Are they covered?
- Does the policy cover any of your antiques or collections (e.g. stamps, coins, memorabilia, guns, etc.) and to what extent?
An Insurance Advisernet Broker can help tailor the ideal level of Home and Contents cover for you.