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AA Insurance introduces Replacement Cover to protect customers


Auckland, 12 September 2016 – AA Insurance is introducing full home replacement cover for damage caused by things like fire, flood or storm. It’s a significant move, and a timely one as recent data shows there has been a leap in fire claims.

“We’re confident that our new Replacement Cover is one of the most comprehensive offerings in New Zealand,” says Aaron Dickinson, Head of Product, AA Insurance. “This means that in an event other than a natural disaster, AAI customers will receive full replacement cover, even if it costs more than their Sum Insured. In the case of damage caused by a natural disaster, a customer’s Sum Insured will be used to settle the claim.”

Since late 2012, homeowners and landlords have been responsible for calculating the Sum Insured figure for their own property. After feedback from customers however, AA Insurance has now introduced Replacement Cover to give homeowners this new settlement option - full replacement cover for non-natural disasters - on all new and renewing Home and Landlord policies.

“We appreciate some customers have had difficulty calculating an accurate Sum Insured and understand it can be stressful contemplating whether the amount calculated is enough,” Aaron continues. “So we wanted to make it less stressful and provide them with greater peace of mind with their cover.

Aaron says it’s interesting to note that AA Insurance data shows there were more fire claims worth $20k+ in May 2016, than any other month during the previous financial year, with the majority of fires caused by unattended heaters, appliances and cooking.

“While the total loss of a home due to fire is rare, it can be devastating for those who lose their property and its contents, such as one couple who caused $200,000 worth damage to their home and belongings after leaving a pot of oil on the stove while cooking dinner.”

However, this doesn’t mean customers hand over all of the responsibility to their insurer. “Calculating and providing an accurate Sum Insured figure for your home is still important, as it is a requirement for Replacement Cover,” he says. “As long as customers take reasonable steps to provide us with an accurate size of their home and Sum Insured calculation, we’ll will look after them, should the worst happen.”



About AA Insurance

AA Insurance is an independently operated, New Zealand-based joint venture between the New Zealand Automobile Association (NZAA) and Vero Insurance New Zealand Limited (VINZL). Since 1994 we have demonstrated trusted expertise in home, contents and car insurance in New Zealand, and in 2018 introduced commercial small business insurance. We underwrite our own policies and sell direct to New Zealanders. Our more than 700 staff look after over 385,000 customers with around 745,000 policies.

We proudly partner with Eden Park, support youth charity Blue Light, and have been consistently recognised by: Reader’s Digest Most Trusted Brands (since 2011), IBM Kenexa Best Workplaces Survey (since 2008), Canstar Blue Most Satisfied Customers (2011-2018), and the Colmar Brunton Corporate Reputation Index (since 2015) that recognises New Zealand’s most successful companies.

AA Insurance has an A+ (Strong) Insurer Financial Strength Rating given by Standard and Poor’s (Australia) Pty Ltd. For further information visit

For more information please contact:

Nicole Steven, Botica Butler Raudon Partners, (09) 303 3867, 021 025 31886 or email

Amanda Fifield, AA Insurance Limited, (09) 927 2085 or email

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Amanda Fifield
Corporate Communications Specialist, AA Insurance

DDI: (09) 927 2085
Mobile: 027 406 1787

Nicole Steven
Account Manager, Botica Butler Raudon Public Relations

DDI: (09) 303 3867
Mobile: 021 025 31886

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