Insurance NZ.net has been created and designed to give you, the consumer the best advice and information about insurance in NZ. We are independent from any insurance company, so you get unbiased advice and explanations, about the following types of insurance:travel, contents, public liability, car, contents, pet, house, health, income protection, life,
motorcycle, professional indemnity, dental, funeral, medical, third party, breakdown, mechanical, marine.
Also some advice about insurance NZ companies and brokers.

Insurance NZ.Net aims to help select the best type of policy for your requirements.

Some of the key considerations you need to think about, before getting insurance quotes are:

• What are the risks that I/we are exposed to, from the above list of insurance policy types available, and there fore what risks will I/we need to cover.

• How much cover in monetary value should I cover for.

• How much risk can I afford to cover with the excess (The amount you pay, before the insurance company contributes ). The greater the excess, the lower the premium you will pay.

Tips

• Ask for to see a copy of the proposed policy, including whats covered and whats excluded, before agreeing to a particular policy.

• Get at least three quotes, from different insurance companies.

So you can get the best deal purchasing New Zealand insurance it’s advisable to compare different company policies and prices, even if it’s just one visit overseas, or an annual policy.
It’s best to get at least three quotes for a similar policy. Do not leave significant cover out, because you may not be able to claim on some significant loses, which can negate to purpose of having insurance.

• When the policy comes up for renewal, get some quotes for insurance NZ.

If it’s an ongoing policy it, often saves you money to get a couple of quotes, when the policy comes up for renewal in case their are more competitive offers in the market. You need to factor in any no claims bonus that you may be entitled to.

• Check for multi-policy discounts.

Many companies give a discount to you, if you have multiple policies with the that company. For example many companies will give you a discount, if you have your house, contents and car insurance with them.
So it may be cheaper and easier overall to have all your business with one company.

• Check the annual payment versus the quarterly payment options.

It’s often cheaper to pay annually, rather then quarterly. Depending on your budget and whether you may be selling the property that’s insured. Although many companies will give you a no questions asked refund, for the period the you have paid for, but no longer need the insurance for, such as if you sell a car or house before the term of the insurance has expired.

• Be accurate with the value of what you’re insuring.

Calculate the total value the property you are insuring and take into consideration whether the policy is for market value or replacement.
If a policy is for market value, you may find with items, such as vehicles, the market value can decrease rapidly, especially with a new vehicle.
So you don’t want to be insuring for a lot more than the company will pay out for a complete loss, because you may be paying a higher premium that is needed.
Conversely with the price of replacing a house, going up you need to consider the replacement cost, if you want to replace your house, which is advisable.
This is likely to require an annual increase in the sum insured, so you can replace your house with something similar, in the worst case of total loss, as may occur with events such as a fire, flood, earthquake or tornado.

• Read and understand the whole of your proposed policy for insurance in NZ.

Then if needed contact the company, or broker if you want changes, or have any questions.

Go to Insurance brokers page, from Insurance NZ