Home, contents and vehicle insurance
You’ve worked hard for your home, and it likely represents the single biggest investment for your future. Fire, earthquake, burglary, flood, and accidents can cause damage to your house, so home insurance protects what’s probably your most expensive possession. The most common claims are usually for:
- Weather-related damage to roofing and ceilings
- Damaged flooring or joinery caused by internal flooding such as sink or dishwasher overflows
- Gradual damage such as floor or wall damage from internal leaks
- Hot pots and pans causing benchtop damage
Landlords: To protect your investment, ensure you have protection against meth-lab contamination, which should include damage to your contents, blockage to drains or sewer pipes, and loss of rental income included. Covers are also available to include losses due to failure to give notice, malicious damage by tenants, and eviction.
Fire, earthquake, burglary, flood, and accidents can result in loss or damage to your personal belongings. Contents insurance gives you the peace of mind that you can repair or replace your belongings. The most common claims are usually for:
- Damaged and lost phones and devices
- Lost wedding rings – remember there will be a specified limit for jewellery items
- Accidental damage to carpets from stains or flooding
- Power surges damaging electronics such as televisions and home computers
Motor vehicle insurance
Whether your vehicle is just a means of transport or your pride and joy, the right type of insurance matters. When a vehicle accident occurs, people may be injured, and vehicles or other property will be damaged. Damage or loss can also occur from theft, vandalism, or natural disasters. Motor vehicle insurance covers damage to your vehicle from such causes.
If you drive an old banger, it’s still worth exploring third party insurance, which covers you for third party liability. For example, if you reverse into a fence, the repairs to the fence can be covered.
How much cover do you need?
Always plan for the “worst case scenarios” and ensure you have adequate cover for everything above.
Be aware of the limits on the policy for certain items such as bicycles and watercraft. If you have items that are especially valuable such as jewellery or watches, ensure they are “specified” on your policy and keep up to date valuations.
Speaking to an adviser (commonly referred to as an insurance broker) about your specific needs is the best way to ensure you’re adequately covered.
For a free, no-obligation chat with someone about the insurances listed above, call 0508 MILESTONE (0508 645 378) or leave your details below.