House insurance
Protect your hard-earned assets
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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100% NZ owned and independent bank
HOUSE INSURANCE
Why insure your
home with us?
Full replacement for fire
If your home is destroyed by fire,
we’ll rebuild it, even if it costs more
than your sum insured.
Multi-policy discount
Save up to 20% when you take out two
or more policies with us.
Ts&Cs apply.
One event, one excess
If one incident means you need to
claim on multiple policies with us,
you’ll only pay one excess. The highest
excess applies.
Key benefits
House owner’s liability
You're covered for claims made against you as a result of accidents at your house that cause damage to someone else's property.
Temporary accommodation expenses
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.
Natural disaster damage
If your home suffers natural disaster damage, which is more than the EQCover limit, we’ll pay the difference up to the sum insured.
Tenanted houses
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.
YOUR OPTIONS
Compare house
insurance
This is a summary only, you can read the full list of benefits, terms and conditions in our policy wordings.
Cover benefits compared
| Premium cover | Plus cover | Standard cover | Landlord’s plus cover | |
|---|---|---|---|---|
| Basis of settlement | Replacement to sum insured | Replacement to sum insured | Replacement to sum insured | Replacement to sum insured |
| Full replacement for fire | ||||
| One event - one excess | ||||
| Liability protection | $20m | $20m | $20m | $20m |
| Bodily injury | $100,000 | $100,000 | $100,000 | $100,000 |
| Natural disaster damage | ||||
| No claims bonus | ||||
| Gradual damage to your house | $3,000 | $2,000 | $1,000 | $2,000 |
| Landscaping | $5,000 | $2,000 | $1,000 | $2,000 |
| Garden retaining walls | $50,000 | $25,000 | $15,000 | $25,000 |
| Temporary accommodation | $30,000 | $25,000 | $15,000 | |
| Keys and locks lost or stolen | $2,000 | $1,000 | $500 | |
| House under minor alteration | $50,000 | $20,000 | $20,000 | |
| Demand surge protection | 15% | 10% | 10% | |
| Stress benefit lump sum payment | $2,000 | $1,000 | ||
| Glass breakage reduced excess | $50 excess | $100 excess | ||
| Carpets extended replacement |
Landlord's benefits
| Premium cover | Plus cover | Standard cover | Landlord’s plus cover | |
|---|---|---|---|---|
| Loss of rent damage to your house | 8 months | |||
| Loss of rent for other reasons | 8 weeks | |||
| Methamphetamine decontamination | $30,000 | |||
| Deliberate damage | $20,000 | |||
| Landlord's whiteware and window coverings | $20,000 |
Optional benefits
| Premium cover | Plus cover | Standard cover | Landlord’s plus cover | |
|---|---|---|---|---|
| Garden retaining walls | Sum insured | Sum insured | Sum insured | Sum insured |
| Special features | Sum insured | Sum insured | Sum insured | Sum insured |
YOUR HOUSE
Sum insured
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.
Calculating your sum insured
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:
GET A QUOTE
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- Terms and Conditions
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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.
