Home insurance

ASB Home Insurance is based on a 'sum insured' amount, which is the estimated cost for a total rebuild of your home, including things like the cost of debris removal, special features and GST.

Here are two ways you could calculate the 'sum insured' for your home:

1. Use the 'sum insured' calculator.

2. Get an insurance valuation from a registered valuer or other specialist.

For your own peace of mind, make sure you're happy with the 'sum insured' you've calculated. It's important to be as accurate as possible, because if it's too low, you may have to rebuild your home to a lesser size or quality, or pay for some of the building cost.

ASB Home Insurance cover includes:

• Demolition and removal of debris
• Recreational features - up to $40,000
• Post-event inflation protection
• Stress payment (in the event of a total loss)
• Retaining walls - up to $20,000
• Loss of rental income if your tenanted property becomes uninhabitable due to loss or damage covered by your policy or EQC - up to $20,000 for up to 12 months
• Hidden gradual damage, such as rot caused by a leaking water pipe, if you're living in the home - up to $5,000 per annum
• Gardens and lawns - up to $2,500

Special Features

• Wharves, piers, landings, jetties or cable cars need to be specified on your policy
• There is limited automatic cover for bridges, culverts, permanent fords or dams, private utility plants (including wind or water mills or diesel generators) and wells or boreholes - see your policy document for the limits that apply. Items of a higher value need to be specified on your policy.
  

Benefit from multiple discounts

There are a number of discounts you could be eligible for on your ASB Home Insurance:

• Up to 40% annual claim-free discount
• Get a Package Discount when you take out two or more ASB home, contents or car insurance policies
  
• Receive a higher discount if you are aged 55 or over
• A discount for a professionally installed burglar alarm