Whether you own a compact city apartment or a rambling family home in the country, we make it easy to choose the right kind of home insurance, easy to get a quote and easy to buy.
Choose your home cover
|
NEW
Bells and whistles Everyday Plus Cover for accidental damage, natural disaster, temporary accommodation after an insured event and SumExtra. People with valuable family homes and bigger homes, and those who want extra cover. |
NEW
The basics Everyday Cover for natural disaster, temporary accommodation after an insured event and the optional benefit of SumExtra. People in their first homes or those who aren’t concerned about accidental damage. |
|
|---|---|---|
| Accidental damage Accidental damage Cover for accidental loss or damage to your home. |  |
Optional |
| SumExtra SumExtra SumExtra can provide the benefit of full replacement cost if your house is damaged or destroyed by non-natural disaster and up to 10% of your sum insured extra cover if your house is damaged or destroyed by natural disaster. Conditions apply. | |
Optional |
| Legal liability Legal liability Cover for your legal liability to pay for loss or damage to other people’s property. | Up to $2,000,000 |
Up to $2,000,000 |
| Temporary accommodation Temporary accommodation Cover for the reasonable temporary accommodation costs when your home is damaged and unliveable. | Up to 10% of the Sum Insured for up to 12 months |
Up to 10% of the Sum Insured for up to 12 months |
| Gradual damage Gradual damage Cover for gradual physical damage to your home resulting from water leaking or overflowing from any internal water system, provided that the damage first occurs during the period of insurance and the water leak or overflow causing the damage was not visible, noticeable, or obvious. | Up to $5,000 |
 |
| Retaining walls | Up to $75,000 or possibly more if you’ve had a pre-loss valuation of your home and retaining walls (conditions apply) |
Up to $50,000 or possibly more if you’ve had a pre-loss valuation of your home and retaining walls (conditions apply) |
| Fencing | Up to 2km |
Up to 2km |
| Driveways | Up to 100 metres |
Up to 100 metres |
| Want to read the fine print? | Policy Document | Policy Document |
| View more features | Quote or Buy | Quote or Buy |
Bells and whistles Everyday Plus
Cover for accidental damage, natural disaster, temporary accommodation after an insured event and SumExtra.
People with valuable family homes and bigger homes, and those who want extra cover.
Up to $2,000,000
Up to 10% of the Sum Insured for up to 12 months
Up to $5,000
Up to $75,000 or possibly more if you’ve had a pre-loss valuation of your home and retaining walls (conditions apply)
Up to 2km
Up to 100 metres
Up to $1,500
Up to $3,500
Up to $1,500
Up to $100 per month for up to 12 months
Up to $5,000
Up to $1,000
- physical assaults or death (whether by natural cause, suicide, manslaughter or murder);
- forensic or police investigations into any physical assault or death.
Up to $20,000
Up to $25,000
Up to $1,000
Want to read the fine print?
The basics Everyday
Cover for natural disaster, temporary accommodation after an insured event and the optional benefit of SumExtra.
People in their first homes or those who aren’t concerned about accidental damage.
Optional
Optional
Up to $2,000,000
Up to 10% of the Sum Insured for up to 12 months
Up to $50,000 or possibly more if you’ve had a pre-loss valuation of your home and retaining walls (conditions apply)
Up to 2km
Up to 100 metres
Up to $2,500
Up to $1,000
Up to $5,000
Up to $500
- physical assaults or death (whether by natural cause, suicide, manslaughter or murder);
- forensic or police investigations into any physical assault or death.
Up to $15,000
Up to $10,000
Optional
Want to read the fine print?
Not quite what you’re looking for?
An adviser can talk you through our full suite of products and help tailor your insurance to meet your needs.
Already have an existing policy?
You can take a look at our policy documents here.
Already bought online but not paid? Make your payment now.
5 things to like about AMP home insurance
Excess options to shrink your premium
You can reduce your premium by increasing your excess (the amount you pay for each event when you make a claim, we sort the rest).
24/7 Emergency assistance
With AMP home insurance, you get access to a 24/7 emergency assistance call centre that helps you to solve problems on the spot.
SumExtra
With AMP Home insurance you can receive the benefit of SumExtra which offers the full replacement cost if your home is damaged or destroyed by an insured event other than a natural disaster, and up to 10% of your sum insured extra cover for natural disasters (conditions apply).
Flexible payment options
You have the option to pay your premium fortnightly, monthly or yearly. Simply select the payment option that best suits you when you purchase your insurance online.
We make the claims process easy
We have an experienced claims team who will support you and keep you updated throughout the journey. Our aim is to make the claims process as easy and clear as possible.
What is SumExtra?
SumExtra is a top-up cover that makes your AMP Everyday Plus and Everyday Home Insurance go further. It provides extra financial help at claim time if the cost of rebuilding your home (as an optional extra) is even more than your Sum Insured.
How SumExtra works:
- If your home is damaged or destroyed by a non-natural disaster event, SumExtra makes sure you're completely covered for full replacement or repair costs - even if they’re higher than your Sum Insured.
- If your home is damaged or destroyed in a natural disaster (earthquake, natural landslip, volcanic eruption, hydrothermal activity, tsunami or fire resulting from any of these) and the cost of full replacement or repair is more than your Sum Insured, SumExtra will pay up to 10% more than your Sum Insured.
We offer SumExtra because we know construction costs can be hard to pin down to the last dollar and even the most carefully calculated Sum Insured might not match actual repair or replacement costs. SumExtra is our way of making sure you’re covered.
Where you have the SumExtra benefit, you qualify if you meet this eligibility criteria:
- Your Sum Insured should be at least the value of the home’s written rebuild cost estimate. A rebuild cost estimate can be obtained from either:
- the Cordell Online Calculators (Cordell Online Calculator to get an estimate based on detailed information you enter about your home. Or the Express Cordell Online Calculator which gives an estimate using basic details of your home)
- or a suitably qualified professional.1
- Your rebuild cost estimate should be less than three years old from the date the Sum Insured was last agreed.
- The estimate should be kept in a safe place to ensure it can be produced at claim time.
Conditions apply - talk to us, or your adviser, for the full details of this benefit.
What is Sum Insured?
Sum Insured is the amount you choose to insure your home for. If you make a claim that is covered by your policy (and if you’re not eligible for the SumExtra benefit) this is the most that will be paid to rebuild your home. Simply put, your Sum Insured needs to reflect the estimated cost of rebuilding your home from scratch taking into account demolition and debris removal costs.
To find out the estimated rebuild cost for your home you can:
- Seek independent advice from a builder, registered quantity surveyor or registered valuer – make sure it’s a written valuation and is for insurance purposes and does not include any market value component or land value.
- Use one of the Cordell online calculators. Use the Cordell Online Calculator to get an estimate based on detailed information you enter about your home. Or the Express Cordell Online Calculator which gives an estimate using basic details of your home.
What does Sum Insured mean for my home insurance?
When insuring your house, the Sum Insured needs to reflect the cost of rebuilding your home from scratch. This may differ from government or market valuations so it's important that you find out the cost to rebuild your home.
Get a rebuild cost estimate for your property
A rebuild cost estimate can be obtained from a suitably qualified professional1 or the Cordell Online Calculators (a standard Cordell Online Calculator, which gives an estimate based on detailed information you enter about your home or the Express Cordell Online Calculator which gives an estimate using basic details of your home).
Setting an adequate Sum Insured is your responsibility.
If you’re taking out a new home insurance policy with us, you will be required to provide a Sum Insured value for your home.
If you’re an existing customer with us and since 1 July 2013 have not specified a Sum Insured, your policy would have renewed every year using a default Sum Insured value. The default Sum Insured may not be adequate to replace your home including all other structures at your property. It is calculated using a rebuild cost of $2,000 per square metre for your home only.
Reviewing your Sum Insured regularly is important.
An annual indexation is applied to the Sum Insured on renewal every year for inflation, however you shouldn’t rely on this as an adequate reflection of any increase in costs.
It’s a good idea to regularly review your Sum Insured and your home’s rebuild cost estimate. We recommend doing this at least every couple of years. You may need to factor in any renovations or extensions and other changes such as inflation, changes in building costs and consumer price indexing.
AMP Home, Contents, Car and Landlord insurance are issued and underwritten by Vero Insurance New Zealand Limited. The above is only a summary of some of the cover provided and is for information purposes only. It is important to note that limits, excesses, terms and conditions and exclusions apply to the cover outlined. Please refer to the policy document for details of the cover. The provision of cover is subject to the underwriting criteria that apply at the time.
A disclosure statement is available from your adviser, on request and free of charge.