Contents Insurance

Whether you rent or own your home, covering what's inside it matters. Contents insurance will cover your belongings from accidental damage, loss or theft.

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Benefits at a glance

  • Cover for your belongings while at home or while temporarily away from your home.

  • Save money with a Multi-Product discount. Find out how it works.


  • Cover for your contents in storage.

Your Cover

Contents Insurance protects your belongings in one of three ways:

Repair cover

If we decide repairing the item is economic, we'll pay the cost to repair it as near as reasonably possible to the same condition it was in just before the damage.

Replacement cover

If certain items are lost, stolen or cannot be repaired, we'll replace the item with the closest equivalent item. If a closest equivalent item does not exist, we'll pay the present value.

Present value

For some items, like books, clothing or footwear, we only pay the present value (the estimated cost to replace the item with one of equivalent age, quality, capability and condition). Computer hardware and mobile phones are also covered for present value if they're over five years old. 

Check your policy wording for more information on which items are covered for replacement and which items are covered for present value.

Contents sum insured

Your contents sum insured is the amount your contents are covered for (excluding specified items) and includes GST. It needs to include the value of your general contents, like furniture, appliances and clothing. 

Specified sum insured

This Contents Insurance policy has maximum limits on some items. For example, jewellery, watches, works of art, and bicycles are only covered up to certain amounts. If you wish to insure an item worth more than its policy limit, you'll need to list it in your policy as a specified item with a specified sum insured. This allows you to cover the item for the amount you specify. Note that you don't need to include the value of any specified items in your contents sum insured, as these items are covered separately.

It's important to have the right level of cover and regularly check how much it would cost to repair or replace your belongings. Use the Contents Sum Insured calculator to estimate the sum insured for your contents.

Find out more

Features and benefits of ASB Contents Insurance

This table provides a summary of the features and benefits of ASB Contents Insurance. Please read the policy wording to understand all the terms, conditions, limits, and exclusions that may apply.

Sudden and accidental loss or damage
Legal liability
Contents in storage
Contents in transit when you are moving house
Contents with you or your family on overseas trips
Food spoilage
Hidden gradual damage
Home office equipment
Moving to a new home
Natural disaster
Removal of unrepairable items
Replacement of keys and locks
Stress payment
Students living away from home
Temporary accommodation
Watches, pair of earrings or other jewellery
Up to $3,000 per item
(Unless specified)
Paintings, pictures or works of art
Up to $10,000 per item
(Unless specified)
Cameras and remotely piloted aircraft (drones), including their parts and accessories
Up to $5,000 total for all items
(Unless specified)
Up to $3,000 per item
(Unless specified)
Excess-free spectacles, dentures, and hearing aids
Optional benefit
available to purchase
Lifestyle block contents and tools of trade
Optional benefit
available to purchase

For full details including limits, conditions and exclusions, please read the policy wording.

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Get started today

1. Ready for a quote?

Get a quote online

2. Accept

Accept the quote and we'll put your cover in place. 

3. Update

If something changes that might affect your insurance, you can make changes online.


Need to make a home or contents insurance claim?

How to make a claim

Here are some suggestions and things to have ready to make your claim as smooth as possible.

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Ready to make your claim?

When you're ready, make your claim online or call us.

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The availability of insurance cover is subject to your application being approved. Terms, conditions and exclusions apply. For full details, refer to the policy wording. Discounts apply to the base premium before GST and levies are factored in. Taxes and levies are subject to change as prescribed by legislation. Some discounts may also be applied to optional benefits. We apply our discounts one after another. This insurance is underwritten by IAG New Zealand Limited (IAG). See further details about IAG's financial strength rating.

Home and contents insurance Contents insurance