This is only a summary of key benefits. For full details, exclusions and limitations please read your policy document.
Application for cover is subject to underwriting acceptance. Limits, excesses, terms, conditions and exclusions apply to the insurance cover referred to. For full policy and benefit terms and conditions please go to aainsurance.co.nz/terms.
Latest Policy Document
Frequently asked questions
There are several ways to calculate the cost of rebuilding your home, including:
- Using an online calculator such as the Cordell Online Calculator*. The Cordell Online Calculator provides estimated typical building replacement costs for standard residential homes.
- Obtaining a valuation completed by a builder, architect, quantity surveyor or other building expert.
There are many details that need to be taken into account when assessing the rebuild cost of your home, and because no one knows your home better than you do it’s up to you to determine the rebuild value of your home and provide your Sum Insured. Each home is unique; made from a variety of different materials, to different qualities and sizes and it is important that the sum insured reflects this.
For a full description of what’s included as part of your home, please read the ‘Your home includes’ section of your AA Insurance Home Insurance policy document.
More FAQs around our Sum Insured Home Insurance policies can be found here — Sum Insured FAQs.
Replacement Cover will be applied to your policy automatically, when you purchase a new policy after 30 August 2016, or when your policy next renews after 26 September 2016.
In an event other than a natural disaster, we’ll use Replacement Cover to settle your claim, as long as you have taken 'reasonable steps' to give us an accurate size for your home and you have calculated an accurate Sum Insured.
Using a LIM report or some other council authorised document to calculate the accurate size of your home is considered reasonable steps. Guessing the size of the home or using a measuring tape to try and estimate it, are not considered reasonable steps.
Reasonable steps includes using tools we have provided such as the Cordell online Calculator or getting a qualified professional to calculate an accurate Sum Insured. Taking a guess or relying on your property’s CV/market value are not reasonable steps.
Yes, your home is covered by natural disaster top-up cover if your claim is first accepted by the Earthquake Commission (EQC). Your Home Insurance premium includes an amount for natural disaster insurance, which is provided by the Earthquake Commission and is called EQCover.
If the unexpected happens and your home is damaged by a natural event, we’ll top up the EQCover, to your Sum Insured limit, to ensure you can get your life back to normal as quickly as possible.
Why choose AA Insurance?
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