The bigger your deposit the less youll pay. We call it Risk Based pricing and this short video explains how it works.
This calculator tool provides you with a summary list of common household items and their values based on an average and above average three bedroom New Zealand home.
Home insurance calculator new zealand. Generally a lender will require you to pay LMI if your home loan deposit is less than 20 of the total value of the property. Cordell has a wealth of experience in overseas markets and brings its technology to New Zealand which is free to use. With our multi-policy discount you can enjoy up to 10 off when you buy house and contents insurance together.
The online calculator is provided by Cordell New Zealands leader in building replacement cost calculators. The Cordell Sum Sure calculator is free easy-to-use and will generate an estimated cost for rebuilding your home. Full cover for your home up to the amount you choose to insure it for.
A graded system applies. NZI and other insurance companies calculate the value of your home based on the sum insured which is specified with the cost of rebuilding your home. A guide to help you calculate and check your home contents cover.
Calculate your House Sum Insured. Get up to 20 when you add a third policy Plus as well as saving up to 10 on both premiums youll also get two chances to win a 1000 Mitre 10 voucher The list of contents insurance benefits below is a summary only. House Insurance Comparison Instant House Insurance Quote.
For a more accurate quote or advice on what cover is best for you please call us on 0800 177 277. Up to 15 of contents Sum Insured and no fixed limit for. Simply complete your details below to get an estimate of how much Life Insurance you may need and what it could cost you.
You can use the cost it gives you to assist in setting the Sum Insured on your house insurance. Cover for the costs of demolishing and removing the damaged parts of your home and or disposing of damaged contents. Once the calculator has provided your estimate you can check the breakdown room-by-room and make changes as well as add.
The estimated figure is based on information gathered from across New Zealand from third party organisations such as your local Council. Based on general information about your home the calculator will provide an estimated contents value and summary that you can further edit for a more accurate result if. These have been adapted for New Zealand conditions and can give an estimate of what the cost to rebuild might be.
Simply enter the value of your household items and the tool will calculate the total value of your home contents helping you to determine the. Sum Insured Pty Ltds contents insurance calculator helps you get the right level of cover for your possessions. If your home is damaged before settlement the purchaser could also be covered for any loss of deposit up to the amount of the deposit.
Youre also covered for temporary accommodation up to 20000 if damage makes your home unliveable and hidden gradual damage up to 2500 a year. Thats because house insurance is based on the rebuilding costs. We also use the Sum Insured as a basis for settling non.
So weve changed the way we calculate premiums. Knowing your sum insured lets you pay the right premium for your house. A payment to your estate if you or your spouse die from a fire or burglary at home 5000 each 10000 total.
Using the Westpac House Insurance calculator you can compute how much youll be covered for based on the sum insured of the home you want to buy. Whether youre buying a house or switching insurers our comparison tool can help you compare policies across popular New Zealand insurers. The figure is based on information gathered throughout New Zealand from third.
It makes sense to review these costs annually and adjust your sum insured if necessary. Calculate your premium in just 30 seconds with New Zealands fastest house insurance quote. The calculation is based on typical rebuild costs for homes with similar materials and features.
The calculator works by using your address and the information you provide to offer a suggested replacement cost for your household contents. Cover for all sorts of unwanted surprises such as broken locks and windows. Up to 10 of the Sum Insured for up to 12 months.
The scale covers a range of deposits from 5 up to the usual 20 deposit mark. Use our simple calculator to work out property rebuild reinstatement insurance costs. Simply start by entering the details of your house and we will provide you with a premium quote.
Home Company Start Calculator. This calculator estimates the replacement cost of your home contents using information supplied by Sum Insured Pty Ltd New Zealand and Australias leading provider of building contents cost information. If the calculator prepopulates any incorrect information in its initial calculation you can make changes manually so it provides a more realistic estimate for your home.
So its no surprise New Zealands now ranked the second riskiest country in the world for natural disasters. Its called your Sum Insured which is the maximum well pay to rebuild your home in the event of a natural disaster. If your home is insured for its replacement value Maxi policy or ANZ Asset Protector you could also be eligible for our SumExtra benefit at no extra cost.
Our online Quote Calculator gives you a quick and easy insurance quote. Made in New Zealand for you. To make sure you have the right cover for your house youll also need to estimate the cost of rebuilding it.
Is the home insurance calculator accurate. You can use the Cordell Sum Sure calculator to help estimate your home Sum Insured. If the sum insured is too low you can end up with an inadequate cover in the event of a sudden loss to your home.
The rebuild cost generated by the calculator is based on the estimated cost to rebuild your home and includes anticipated construction costs allowances for professional fees demolition site clearing and GST. But not all parts of the country carry the same risk. Use an online calculator.