house, contents, vehicle & boat insurance - westpac new zealand · westpac home loan of up to...

House, Contents, Vehicle & Boat Insurance

You’ve worked hard to build up your assets, so it makes sense to protect them. From your home to all the things in it, to your car, motorcycle or boat, we’ve got it covered.

What are my options? 3

Home Cover 4

Full Contents Cover 6

Renter’s Contents Insurance 8

Full Vehicle Cover & Third Party Insurance 10

Motorcycles, Caravans & Boats 12

Apply for Insurance 14

Contents

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At Westpac, we have a wide range of insurance all under one roof.

What are my options?

Insure your Home and Contents

Insure your Vehicle and Boat

Home CoverInsures your home against accidental damage from things like fire, flooding, burglary and natural disasters.

Full Contents CoverProtects the items in your home and personal belongings if they’re accidentally lost, stolen or damaged.

Renter’s Contents CoverCovers your belongings when you’re renting or flatting, up to $25,000.

Full Vehicle CoverTo fix or replace your vehicle if it is accidentally damaged or stolen, with lots of extra benefits.

Third Party Fire & Theft Vehicle CoverCovers for your vehicle against fire and theft. Also provides cover if you damage another person’s vehicle or property.

Third Party Vehicle CoverProtects you if you damage another person’s vehicle or property.

Boat InsuranceCover for your boat, trailer and the gear that goes with it.

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Insurance for your homeIt’s likely that your home is your biggest asset so it’s very important it’s well protected. Our comprehensive Home Cover Policy can help you relax knowing your home will be repaired or rebuilt if it’s accidentally damaged by things like fire, water, burglary and natural disasters.

Benefits of Westpac Home Cover – Can help pay the bills: could pay a contribution towards your

Westpac home loan of up to $1,500 per month for 3 months in the event of a total loss, and a $1,000 stress payment.

– Accidents happen: including damage by fire, water, burglary and natural disasters.

– Plus loads of other benefits: like a temporary accommodation benefit, new locks, keys or remote door openers for your home if they are lost or stolen, and landscaping.

Home Cover for Landlords: – Protect your rental house: recover lost rents for up to 12

months as a landlord, up to a maximum of $20,000, while your house is being repaired or rebuilt. Plus, up to $5,000 cover of your chattels, like appliances, furniture, carpets and blinds.

– Choose additional cover: Tailor your policy to suit your needs with optional benefits to cover increased chattels (up to $15,000, rent protection if your tenant stops paying rent and cover for deliberate damage by tenants or their guests.

This brochure is intended as a general guide only and may vary at times. This information is subject to the legal page at the back of this brochure. Terms, conditions, exclusions and limits apply. For more information, visit westpac.co.nz/insurance or call us on 0800 177 277.

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What does it cost?The cost depends on the size and value of your home, where you live and the excess you choose to pay.

You could save on your total insurance costs by combining some of the other Westpac insurance options together with your Home Cover. And by selecting a higher excess, you could reduce your total premiums.

You are covered for Up to

Temporary accommodation for you as well as your pets if you live in your home and it’s damaged and unliveable

12 months (max $25,000)

Liability for damage to someone else’s property because of an accident at your place

$2 million

A stress payment if we pay a claim for the total loss of your home

$1,000

New locks, keys or remote door openers if they are lost or stolen and you live in your home

$2,000 with no excess

Landscaping costs after your home is damaged

$3,000

Hidden gradual damage to the home by leaks from internal pipes while you own it

$3,000

Damage caused by your pets $1,000

Some of the other things you’re covered for

Handy tipIf you have a Westpac Home Loan, our Home Cover is great.

It includes an exclusive benefit which could provide you with up to $1,500 per month for 3 months towards your

home loan repayments in the event of a total loss.

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Full Contents CoverIt’s important to protect what’s in the house as well as the building itself and our Full Contents Cover does just that.

Take a look at our ‘Contents Valuation Guide’ at westpac.co.nz. This will help you to work out how much cover you need. But remember, it’s only a guide – your belongings may be worth more or less.

Benefits of Full Contents Cover – Replace old with new: we’ll replace many of your major

household items with new ones, no matter how old they are – if you make a valid claim

– Accidents happen: you’re also covered for personal liability should you accidentally injure someone for up to $100,000, or damage their property for up to $2 million

– Those special things: items like cameras, bicycles, sporting equipment and other selected items over $3,000 can be covered, provided they’re specified on your policy

– Good news for home businesses: the items you use at home are automatically covered for up to $10,000, but some limits apply

– Plus loads of other benefits: like a temporary accommodation benefit, new locks if your keys are stolen, or for damage caused by your pets


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Did You Know?

Full Contents Cover also covers your liability in case you accidentally

damage someone else’s property.


Temporary accommodation for you and your pets if you live in your home and it’s damaged and unliveable

12 months (max $25,000)

Paintings and artworks (must be specified)

$10,000 each ($200,000 in total, unless you ask for extra cover)

Your belongings during travel to Australia or the Pacific Islands (maximum three weeks travel)

$5,000

A stress payment if we pay a claim for the full contents sum insured

$1,000

What does it cost?The cost depends on what you’re insuring, how much it’s worth, where you live and what excess you choose to pay.

Some of the other things you’re covered for

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Renter’s Contents InsuranceRenting or flatting by yourself, with family members or other tenants?

Your landlord won’t cover your belongings, so it’s up to you! Renter’s Contents insurance can cover your belongings for up to $25,000 if they’re lost, stolen or accidentally damaged.

Benefits of Renter’s Contents Insurance – Flexibility: choose standard cover amounts of $10,000,

$15,000, $20,000 or $25,000

– Accidents happen: you’re also covered for personal liability should you accidentally injure someone for up to $100,000, or damage your landlord’s or someone else’s property for up to $2 million

– Replace old with new: we’ll replace many of your major household items with new ones as long as they are less than 5 years old – if you make a valid claim

– Those special things: items like cameras, bicycles, sporting equipment and other selected items over $1,500 can be covered, provided they’re specified on your policy

What does it cost?The cost depends on what you’re insuring, how much it’s worth, where you live and what excess you choose to pay.


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Did You Know?Renter's Contents

Insurance also covers your liability in case you

accidentally damage your landlord's

property

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Full Vehicle Cover & Third Party InsuranceWhether you have one car or two or a motorcycle, our range of vehicle cover could help protect all your wheels.Put simply – if your vehicle is stolen or damaged by an accident, fire or natural disaster, you could be covered.

If you’re on a tight budget, we also offer third party fire and theft cover, or just third party cover.

Benefits of Full Vehicle Cover – Windscreens and windows: we’ll cover the cost of the repair

or replacement and you won’t have to pay an excess or lose your no claims bonus

– Accidents happen: after an accident, if your car can’t be driven, you could get help or cover for travel and accommodation. We also help with the clean up of an accident scene, and in getting your repaired car home

– New vehicle, no worries: if you’ve just bought a brand new vehicle and it’s written off in an accident in the first year from first registration, you’ll get a brand new replacement car (as long as the model is still available)

– Extra benefits: we cover extras like trailers and lost or stolen keys and locks up to $1,000.

– Additional Westpac Auto Assist*: an optional benefit providing a breakdown service and 3 complimentary call outs per year for things like a flat battery, flat tyre or if you run out of fuel.

*Westpac Auto Assist is distributed by Westpac New Zealand Limited (“Westpac”), arranged by IAG New Zealand Limited (“IAG”) and provided by the New Zealand Automobile Association (“NZAA”). Westpac does not guarantee the obligations of, or any products issued by IAG or the NZAA. Westpac Auto Assist terms and conditions apply.


Repair or replacement of your vehicle if it’s stolen or damaged

Market value (limited to the sum insured)

Legal costs if you’re charged with manslaughter after an accident

$1,000

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Your liability as a result of injury to another person or damage as a result of an accident involving your car

$20 million

A payment to your estate if you or your spouse die from an accident in your vehicle

$5,000 each (total $10,000)

What does it cost?The cost of vehicle cover depends on the type of vehicle you own, how much it is worth and things like your age and driving record.

It also depends on what excess you choose and the type of cover you want.

You won’t lose your no-claims bonus or have to pay the excess if:

– your vehicle is in an accident caused by someone else, and you can identify the other driver and the other driver was substantially more at fault

Third Party InsuranceThird Party Fire and Theft & Third Party only If you’re on a tight budget, it might be worth considering third party cover for your vehicle to provide affordable protection.

You can also get third party insurance with extra cover for fire and theft.

What does it cover? – damage or loss to your vehicle by fire or theft (Third Party Fire

and Theft insurance only)

– liability for accidental damage to another person’s property (up to $20 million)

– damage to your vehicle caused by an uninsured driver in another car, provided you can identify them and prove it was their fault (up to $3,000)

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Motorcycles, Caravans & BoatsCover your motorcycle:You can insure your motorcycle in case it’s stolen or damaged in an accident or natural disaster.

Or if you are on a tight budget, you can just get third party cover if you prefer.

There are some added conditions for motorcycles. For example, stolen parts aren’t covered and your cover doesn’t include any extra costs, such as cleaning up an accident site.

What does it cost?The cost of motorcycle cover depends on the type of motorcycle you own, how much it is worth and things like your age, and driving record.

It also depends on your excess and the type of cover you want.

Cover your caravanYou can insure your caravan for theft and accidental damage while it’s being towed. Your cover includes the fittings and furniture normally sold with a caravan, plus up to $1,000 for other items and personal belongings carried inside the caravan.

Cover is not available for permanently parked caravans.

What does it cost?The cost of caravan cover depends on how much it is worth and things like your age, and driving record.

The standard excess for a caravan is $100.


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Cover your boatBoat insurance can cover your boat no matter where it is in New Zealand – on land or in water – and some of the gear on board.

You’re covered if you lose or accidentally damage:

– your boat trailer

– any navigation gear normally sold with a boat

– sails, masts, spars and riggings (you will need to consider extra cover if your boat is a yacht involved in racing)

– someone else’s property with your boat for which you are liable (up to $1 million)

Your insurance should also cover salvage costs if your boat needs to be recovered after an accident.

What does it cost?It depends on the type of boat, your claims record, the activities you use your boat for, where your boat is kept and the excess you choose.

The standard excess for a boat is $100.

Did You Know?

Boat Cover is only for private recreational boats. If your boat is

used commercially or for power boat racing, it

isn’t covered by this policy.

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Apply for Home, Contents, Vehicle or Boat Insurance.

Ready to get your insurance sorted? Great! You can get started with your application by:

– calling us on 0800 177 277 (Monday to Friday, 8am to 8:30pm; or 9am to 3pm Saturday)

– visiting your local Westpac branch.

It’s okay if you change your mind.

And in case you do, we offer a free-look period of 30 days from the date we receive your application.

If you decide the cover is not for you during the free look period, just let us know and we’ll refund any premiums you’ve paid.


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This material is provided for general information purposes only. Westpac Home, Contents, Vehicle and Boat insurance cover is arranged by Westpac New Zealand Limited (“Westpac”) and underwritten by IAG New Zealand Limited (“IAG”). Westpac does not guarantee the obligations of, or any products issued by Lumley, a business division of IAG. Westpac may receive commission payments from arranging IAG’s insurance policies.

This insurance brochure is intended as a general guide only, is not a recommendation or opinion in relation to the insurance products described, and the information may vary at times. You should not rely on the information in this brochure. Terms, conditions, exclusions and limits apply. The availability of insurance cover is subject to the acceptance and approval of a complete application. Any claim payment is subject to your claim being accepted. More detail can be found in the relevant policy document which is available at westpac.co.nz/insurance or from any Westpac branch, and you can contact us on 0800 809 378 or speak to your authorised financial adviser if you would like further information regarding the insurance products described in this brochure.

Disclosure statements under the Financial Advisers Act 2008 are available on request and free of charge from Westpac or any authorised financial adviser.

The material in this brochure is current as at 14 December 2015 and may vary from time to time.

© Westpac New Zealand Limited 2015

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house, contents, vehicle & boat insurance - westpac new zealand · westpac home loan of up to...

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