PremierCare Home Insurance

Comprehensive cover for your biggest asset.

  • Alternative accommodation if you lose your home
  • Packaged discounts to reduce your premiums
  • Optional cover for landlords available1
  • Includes sustainability upgrade

More detail

Protecting your biggest asset

Having your home properly insured is often a requirement if you have a home loan. It’s all about protecting what is probably your most valuable asset.

Choose the type of cover you want

Two types of cover are available to you: The ‘actual replacement’ option, which enables you to rebuild your home regardless of the cost; or the ‘sum insured replacement’ option, which means the cost of rebuilding is limited to the sum you insured it for. Both types of insurance include legal liability cover of up to $1,000,000 per claim, should sudden and accidental damage occur to any third party property.

Extensive protection

You’re not only covered for accidental and sudden loss or damage to your home, but also for any underground services, overhead lines, fences, driveways and swimming pools on your property. This includes any new building works being constructed on your property where the competed value will not exceed $10,000 (not including alterations to your existing home). You’re also covered for hidden gradual damage caused by water leaking from internal tanks or pipes (up to $3,000).

Glass and bathroom fittings

If you claim solely for sudden and accidental breakage of window glass or bathroom fittings, your claim-free discount won’t be affected. You also won’t have to pay any excess.

Cover for your Home Office

If you use any part of your home solely for a home office, you will automatically be covered for any sudden and accidental loss or damage caused to the home office.

Rent cover and stress allowance

If your home is rented to a tenant and cannot be lived in following a claim, PremierCare will pay any rent you have lost up to a maximum of $20,000 in total. If your home is a total loss, you’ll receive a $2,000 stress payment in addition to other claim payments.

Earthquake cover

All New Zealand homes are covered by the Earthquake Commission (EQC), but only up to a maximum of $100,000 (+GST). In the event of an earthquake, IAG will pay the difference between your EQC payout and the amount of cover you have under PremierCare.

Sustainability upgrade

If your home suffers a total loss, you are covered for up to $15,000 (on top of any claims payout) to rebuild your home using approved sustainable products.

Optional cover for landlords

If you are a landlord, optional insurance protection can also be purchased1 specifically for your needs. This includes cover for sudden an accidental loss to the landlord’s contents on the property and any intentional damage tenant’s cause to the rental property. Loss to rental income should tenants leave without notice or tenants need to be evicted is also covered.

As a tip, if you rent out your property, you should ensure that your tenants have their own contents insurance. This will ensure they are covered for third party liability if they cause damage to your property.

If you’re in a small business?

If you use part of your home for business or commercial purposes (other than a part used solely as a home office) that part will not be covered unless shown in the schedule to the Policy.  If you’re a small business owner, talk to us to make sure you have the right level of protection. Our specialist Small Business Team can talk to you about your business insurance needs, and tailor a solution that’s right for you.

Multi-policy discounts

If you have PremierCare home insurance plus PremierCare contents insurance, you’ll be entitled to a package discount. Having a burglar alarm in your home could also earn you a discount.

Are you claim-free with another insurer?

If you’re switching to PremierCare Home Insurance and you get a ‘no claims discount’ or ‘claim-free discount’ with your existing insurance company, you can continue to qualify for a claim-free discount with PremierCare.

 Choose your excess

Standard excess of $250 applies to claims, which means you’ll pay the first $250 of the claim. You can reduce your premiums by choosing to have a higher excess.

Collect Fly Buys2 points

You can collect Fly Buys2 Points based on the premium you pay. Premiums can be paid fortnightly, monthly or annually.

Did you know?

It’s important to understand what falls under home insurance and what is covered by contents insurance - this can be a source of frustration at claims time.

Small print

  1. Limits apply, refer to your policy wording for more details.
  2. Fly Buys terms and conditions apply.  Fly Buys points collection, conversion and redemption rates are subject to change without notice.

This is only a brief summary of PremierCare Home Insurance as it relates to PremierCare policies issued from 1 May 2010 and existing PremierCare policies that have renewed from 1 June 2010. For full details of PremierCare Home Insurance, including benefits, limits, excesses and exclusions, please refer to the PremierCare Insurance Policy document PDF 983KB. For information on PremierCare Home Insurance as it relates to PremierCare policies that were issued prior to 1 May 2010 and have not yet renewed, please refer to the PremierCare Insurance Policy document that you received when your PremierCare policy was issued or contact the PremierCare team on 0800 808 618.

PremierCare Home Insurance is available through Bank of New Zealand (BNZ) , and is underwritten by the insurer, IAG New Zealand Limited (IAG), a member of the Insurance Council of New Zealand Inc. BNZ does not guarantee the obligations of IAG. BNZ receives a commission for arranging PremierCare Home Insurance.