MAS Insurance

Home and contents insurance provides a safety net that helps alleviate the financial and emotional stress associated with the loss of valuable assets. Canstar reviews MAS’s home and contents cover.

What types of home & contents insurance does MAS offer?

MAS offers a range of insurance products, including general property insurance, as well as life and income insurance and business insurance products.

MAS has separate policies for its home and contents insurance policies, but offers multi-policy discounts.

Canstar compares home and contents insurance, to help you find the right policy for you. Click below to see our comparison table, which features qualities including customer service and value for money. 

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What does MAS’s home insurance offer?

MAS’s home insurance offers two levels of home insurance:

Area Replacement

Covers the repair or rebuild of a home should it be damaged or destroyed by:

  • Accidental damage
  • Crime and vandalism
  • Fire
  • Natural disaster

Also covers legal liability.

Agreed Value

Covers the repair or rebuild of a home, to sum insured, should it be damaged or destroyed by:

  • Accidental damage
  • Crime and vandalism
  • Fire
  • Natural disaster

Also covers legal liability.

Both policies offer:

  • Accidental death cover, up to $20,000
  • Alternative accommodation, up to $50,000
  • Glass claims don’t affect no-claims bonus
  • Hidden gradual loss, up to $5000
  • Locks and keys, up to $2000 per event, and first claim doesn’t affect no-claims bonus

What does MAS’s contents insurance offer?

MAS’s contents insurance covers:

  • Business-use items, up to $25,000 at home
  • Credit-card fraud, up to $2000
  • Cyber-bulling cover, up to $5000
  • Hidden gradual damage, up to $5000
  • Locks and keys
  • New for old replacement
  • Student cover away from home
  • Temporarily stored items
  • Transit cover, while moving home

About MAS Insurance

MAS is an insurance and investment company that was established over a century ago in New Zealand by doctors. As a mutual, MAS is owned by its customers.

It has a focus on working to the benefit all New Zealanders, and uses some of its revenue to support the MAS Foundation, which funds health and wellbeing initiatives across the motu.

NB: This is only a summary of key benefits. Application for cover is subject to underwriting acceptance. For full details, exclusions and limitations, please refer to the Initio website.

Written by: Bruce Pitchers | Last updated: May 20, 2025