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.
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, snow and bushfires.
Contents pays for damage to, or loss of, an individual’s personal possessions while they are located within that individual’s home. Some contents insurance policies also provide restricted cover for personal possessions temporarily taken away from the home by the policyholder.
You can insure your car against accidental loss or damage to up to its market value or a value agreed with your insurer. Motor vehicle insurance can also cover you against any damage you might cause to someone else’s car or property, as well as pay for reparations ordered by the court if you injure someone.