Could you afford to replace everything you own if the worst were to happen?
No one likes to think about the worst happening, but the truth is that unfortunately things do go wrong sometimes.
Your home is probably the biggest financial commitment you’ll ever make, and you’ve worked hard for it, so it’s important to ensure it’s properly covered should disaster strike. The same is also true for your contents and car.
The good news is it doesn’t have to be a stressful or confusing process. The team at Squirrel are here to help and we’re serious about value-for-money.
Our insurance advisers can help make sure you have the right cover in place and will guide you through the whole process of applying for a policy through our preferred general insurance provider, Vero Insurance New Zealand Limited (Vero).
Vero offers two options of house insurance cover. Maxi house insurance and Flexi house insurance.
Maxi house insurance
Maxi is the most comprehensive option, covering you for the replacement of your home, to an ‘as new’ standard up to the sum insured value that you choose. Your home is also protected against, burglary, vandalism, fire, storms, natural disaster as well as accidental loss or damage.
Flexi house insurance
Flexi is a great option if you need to keep costs down. It will cover you for the replacement of your home, only to its value at the time of loss, up to a sum insured value. This is called indemnity value, and means the age and condition of your home at time of loss is taken into account. Under Flexi, instead of general accidental damage, you’re only covered for specific events.
Talk to one of our advisers to help you choose the option that’s right for you.
What is my ‘sum insured’?
Every home is different. Your sum insured should be too.
Just as contents policies have always specified a maximum amount of total cover, now house insurance policies do too. This is called the sum insured and is the highest amount the insurer will pay if your house is damaged beyond repair.
You need to set that amount yourself, so here’s a handy calculator to help you work it out. It’s important you get it right, because if you set your sum insured too low, you could end up not receiving enough to rebuild your home, but if you set your sum insured too high, you may be paying for insurance you don’t need. We can help you work it out.
With Vero, you can choose from two levels of cover to suit you, but either way you’ll receive some great benefits like personal liability cover and alternative accommodation.
There are added benefits under the Maxi cover option, including transit cover for your contents if you move house and replacement value for most contents – which means for a total loss, they’ll replace your contents with a brand new item.
We offer three levels of car insurance cover:
- Third Party Fire and Theft
- Third Party only
So you can choose the MotorPlan that suits you best.
Review your insurance cover
Even if you’ve already taken steps to protect your property, it’s often worth having a conversation with an insurance adviser to ensure that the policies you’ve got reflect your current circumstances. You could be paying more than you need (or vice versa).
At the end of the day, insurance is about the price and the policy wording. What matters most is that you can successfully claim against the policy should something go wrong and our advisers will help you every step of the way.
Get in touch with Squirrel
Contact us on 0800 212 230 and we can chat about your options.
Excesses, terms, conditions, limits and exclusions apply to these policies. Please check the policy wording for details of cover. The provision of cover is subject to the underwriting criteria that apply at the time. Squirrel General Insurance (home, contents, car) cover is arranged by Squirrel Group Limited and underwritten by Vero Insurance New Zealand Limited (Vero). The information on this website about insurance offered by Vero does not take into account your personal circumstances and is not intended to be financial advice.