House insurance - what you need to know
We understand your home is often your most valuable asset. That’s why it’s so important to protect it and your contents with adequate insurance.
Unexpected events can and do happen - in 2012/13 there was an average of 17 house fires a day in New Zealand - make sure you’re not underinsured.
Many insurers in New Zealand offer house insurance based on a maximum sum insured amount rather than the floor area of a property. Some insurers, like ANZ, also offer full replacement options for non-natural disasters (like fires) if you personalise you sum insured. Don’t assume your insurers default sum insured is accurate for your home.
Compared to the risk of being underinsured, it doesn’t cost much to increase your sum insured. For example, an increase from $400,000 to $450,000 may only cost a couple of extra dollars a fortnight.
ANZ can help. Talk to us about full replacement protection for your home. Plus, if you take out two or more insurance policies with us - any mix of house, contents or car and you’ll receive up to 15% off your premiums.