Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


ANZ National Bank helps Cantabrians to get home insurance

14 September 2012

ANZ National Bank makes it easier for Cantabrians to get insurance for homes

ANZ National Bank today announced plans to make it easier for Cantabrians to get insurance for building new homes on new sites and also their existing sections.

“We’ve been working for some time with Vero to get some progress in the post-earthquake insurance market and today we’re pleased to offer some options for people who have been unable to get insurance until now.

“This will help people who do not have cover and want to rebuild on a new site, or on their existing section. From today they can be considered for insurance. Vero will also allow for existing customers to increase their current cover if they feel they are underinsured,” says John Body, ANZ Managing Director Wealth and Private Banking, New Zealand.

Each application will be considered on a case-by-case basis to ensure Vero is able to provide the cover that customers need and at the appropriate level of underwriting risk.

There are criteria for determining acceptability for insurance protection, including location, quality of land and construction.

The new range of cover is available for new and existing mortgage customers and applies to residential properties in Canterbury, including both owner-occupied and rental properties.

“While these options cannot cater for every circumstance, this is a step in the right direction for rebuilding Canterbury,” says Mr Body.

The options for home insurance cover will be based on an open square metre basis, but subject to a maximum claimable amount of $2,000 per insured square metre. Or, if a higher level of cover is required, customers can take out a sum insured policy.

“We’re pleased to bring some choice and flexibility to customers so they can get on with rebuilding their homes and their lives in Canterbury,” says Mr Body.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Serious Fraud Office: Commences Enquiries Into Allegations Of COVID-19 Wage Subsidy Fraud
The Serious Fraud Office has commenced a number of enquiries into alleged abuse of the Government’s COVID-19 Wage Subsidy. Director Julie Read said the allegations relate to multiple complex cases of potential fraud that have been referred to the agency following extensive investigations ... More>>

Environment: Preliminary Environmental Data On New Zealand’s Air Quality Released Today

The Ministry for the Environment and Stats NZ have published the Our air 2021: preliminary data release today. We are currently working to revise the Our air 2021 report to incorporate analysis of the World Health Organization (WHO) 2021 air quality guidelines that were released on 23 September 2021... More>>

Statistics: Food Prices Rise For Sixth Consecutive Month
Food prices rose 0.5 percent in September 2021 compared with August 2021, mainly influenced by higher prices for grocery food and meat, poultry, and fish, Stats NZ said today. September’s movement is the sixth consecutive monthly rise. After adjusting for seasonality, prices rose 0.9 percent... More>>

Reserve Bank: Robust Balance Sheets Yield Faster Economic Recovery

Stronger balance sheets for households, businesses, financial institutions and the government going into the pandemic contributed towards maintaining a sound financial system and yielding a faster economic recovery than following previous deep recessions... More>>

Transpower: Releases Independent Report Into Events Of August 9
Transpower’s Chief Executive Alison Andrew has today released an independent report into the grid emergency of August 9 when insufficient generation was available to meet demand, leading to some customers being disconnected... More>>

Bayleys: Latest Lockdown Adds Further Fuel To Industrial Property Market

The recent construction shutdown resulting from Auckland’s Covid 19’s lockdown restrictions has put additional pressure on an industrial property market that is already struggling to keep pace with demand... More>>