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Insurance can help alleviate the financial and emotional stress associated with the loss of assets. Canstar reviews BNZ's levels of cover.

What's on offer from BNZ insurance?

BNZ's home and contents insurance is underwritten by IAG. It can be purchased separately as home insurance and contents insurance, or can be bundled into a home and contents insurance package.

What's on offer from BNZ's home insurance?

BNZ's PremierCare Home Insurance covers your home against accidental damage and loss up to the sum insured due to fire or a natural disaster. Other benefits, include (policy limits apply):

  • Damage to your home office
  • Hidden, gradual damage, up to $3000
  • Landscaping
  • Legal liability
  • Locks and keys
  • Retaining walls, up to $50,000
  • Stress payment
  • Swimming pool, up to $50,000
  • Temporary accommodation, up to $30,000

Optional extra include:

  • Excess-free glass
  • Matching floor coverings

What's on offer from BNZ's landlord home insurance?

BNZ's landlord home insurance protects a property against loss and accidental damage, and also provides cover for lost rent up to $30,000, and up to $10,000 for abandoned possessions.

Other cover benefits include up to $30,000 for meth decontamination and up to $3000 for gradual damage.

What's on offer from BNZ's contents insurance?

With BNZ contents insurance, most lost, damaged, or stolen items are covered for their full replacement value, regardless of age. This applies to some sports items as well. Other benefits, include:

  • Contents in storage or in transit when moving
  • Electronic data/software
  • Fatal injury
  • Home office
  • Students' possessions when living away from home
  • Stress benefits

Optional extra include:

  • Excess-free dentures, glasses and hearing aids
  • Tools of trade

About BNZ

The Bank of New Zealand was founded in 1861. Since its purchase by the National Australia Bank in 1992, BNZ has operated as a subsidiary of its trans-Tasman owner. However, it retains local governance and employs over 5000 Kiwis across New Zealand.

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 BNZ website.

Bruce Pitchers is Canstar's NZ Editor. An experienced finance reporter, he has three decades’ experience as a journalist and has worked for major media companies in Australia, the UK and NZ, including ACP, Are Media, Bauer Media Group, Fairfax, Pacific Magazines, News Corp and TVNZ. As a freelancer, he has worked for The Australian Financial Review, the NZ Financial Markets Authority and major banks and investment companies on both sides of the Tasman.
In his role at Canstar, he has been a regular commentator in the NZ media, including on the DrivenStuff and One Roof websites, the NZ Herald, Radio NZ, and Newstalk ZB.
Away from Canstar, Bruce creates puzzles for magazines including Woman’s Day and New Idea. He is also the co-author of the murder-mystery puzzle book 5 Minute Murder.