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Disaster can strike at any time, so you may wish to consider getting house insurance sorted as soon as the contracts are exchanged. That way, your new home is never without cover and you won't be stuck with a bill for something that happens before you’ve even moved in. All policies are arranged by TSB in conjunction with one of New Zealand’s leading insurers, Tower.
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If your home is destroyed by fire,
we’ll rebuild it, even if it costs more
than your sum insured.
Save up to 20% when you take out two
or more policies with us.Ts&Cs apply.
If one incident means you need to
claim on multiple policies with us,
you’ll only pay one excess. The highest
You're covered for claims made against you as a result of accidents at your house that cause damage to someone else's property.
If your house becomes uninhabitable as a result of a covered event, we’ll also pay for temporary accommodation. This also includes any boarding fees for your pets.
If your home suffers natural disaster damage, which is more than the EQCover limit, we’ll pay the difference up to the sum insured.
If you rent your house to tenants, family or friends, we can cover those extra things that you need as a landlord, such as loss of rent cover, and cover for deliberate damage caused by your tenants.
Please note: This is a summary only and is subject to the policy terms and conditions.
This is a summary only, you can read the full list of benefits, terms and conditions in our policy wordings.
The sum insured is the maximum amount we'll pay to rebuild your house in the event of a total loss, so it's important you have sufficient cover. This is an amount you choose when you take out your cover, you can update it later on if something changes.
It's important to choose a sum insured value that's right for your property so you're fully covered if the worst happens. Here are a couple of ways to get a sum insured estimate:
The Cordell Sum Sure calculator is a free tool that uses information about your property to provide an estimated reconstruction cost, including professional fees, demolition, removal of debris and GST.
The calculator shows you information that is public record, but you know your house better than anyone. If you know some details are incorrect or out of date you can correct them for a more accurate estimate.
For a more accurate estimate of your sum insured, you could employ an expert such as a registered valuer, a quantity surveyor, or a licensed builder.
For a fee, these building professionals can visit your property and provide a more detailed evaluation of your property and how much it would cost to rebuild.
Tower Limited underwrites all contracts of house, contents and motor cover, and the contracts of insurance are between you and Tower Limited. TSB Bank Limited receives a commission from the sale of insurance policies sold on behalf of Tower. TSB Bank Limited does not guarantee these insurance products marketed on behalf of Tower and is not liable if the insurer declines to pay a claim. Any claims issues are between the insured person(s) and Tower Limited or any involved third party.
Full terms, conditions and exclusions are available in the Policy Wording. Tower’s credit rating can be viewed here.
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© TSB BANK LIMITED 2008-2021. Use of this website is subject to our Website Policy. TSB BANK Limited is in trade for the purposes of the Fair Trading Act 1986.
© TSB BANK LIMITED 2008-2021. Use of this website is subject to our >Website Policy. TSB BANK Limited is in trade for the purposes of the Fair Trading Act 1986.