House and Contents Insurance
What is Home and Contents Insurance?
Home and contents insurance provides financial protection in the unfortunate event of a disaster.
A standard home and contents policy in New Zealand insures the home itself as well as your personal possessions, which is referred to as the “home contents.”
Home insurance covers both damage to your property and your liability or legal responsibility for any injuries or property damage you or members of your household may cause to other people while on the property. A typical home and contents policy generally includes damage caused by household pets as well.
Damage caused by most natural disasters is covered — but there are exceptions. The most significant damage to a house is caused by floods, earthquakes, and poor maintenance. Maintenance-related problems are the financial responsibility of the homeowner.