Compare Comprehensive Contents Insurance

If you need comprehensive cover for your contents compare the options below to give you piece of mind

Contents Insurance

Replace or repair lost or damaged belongings on a new-for-old basis.

Cover for unoccupied house for more than 60 consecutive days

Accidental Damage

Yes

Natural Disaster Damage

Yes

Gradual Damage

Up to $2,000, hidden gradual damage

Jewellery

Up to $15,000- unspecified jewellery

Works of Art

Contents in Transit

Yes, whilst temporarily removed from home.

Home Office Equipment

Up to $10,000

Pay Only One Excess

Yes

Temporary Accomodation

Up to $20,000 for a maximum of 12 months

Electronics

Storage after Loss

Included in Temporary accomodation

Food & Medication Spoilage

Food only- no sub-limit applies

Portable Valuables

Yes

Collections

Up to $1,000

Small Watercrafts & Canoes

Yes

Credit Card, Debit Card Cover

Up to $1,000

Students Living Away from Home

Up to $5,000 in total

Stress Payment

Up to $2,000

Policy Wording
Distinction Contents

Cover for unoccupied home for more than 90 consecutive days

Accidental Damage

Yes

Natural Disaster Damage

Yes

Gradual Damage

Up to $5,000, hidden gradual damage

Jewellery

Up to $100,000 in total

Works of Art

Yes

Contents in Transit

Yes

Home Office Equipment

Yes

Pay Only One Excess

Yes

Temporary Accomodation

Yes, up to 12 months

Electronics

Up to $10,000

Storage after Loss

Yes

Food & Medication Spoilage

Yes

Portable Valuables

Yes

Collections

Up to 10,000

Small Watercrafts & Canoes

Up to $5,000

Credit Card, Debit Card Cover

Up to $5,000

Students Living Away from Home

Up to $20,000

Stress Payment

Up to $10,000

Policy Wording
Contents Comprehensive

Multi-policy discount

Earn Flybuys on your policy

Accidental Damage

Yes

Natural Disaster Damage

Yes

Gradual Damage

Up to $2,000, hidden gradual damage

Jewellery

Up to $15,000 in total

Works of Art

Up to $10,000

Contents in Transit

Yes

Home Office Equipment

Up to $7,500

Pay Only One Excess

Yes

Temporary Accomodation

Up to $20,000

Electronics

Up to $5,500

Storage after Loss

Yes

Food & Medication Spoilage

Yes

Portable Valuables

Yes

Collections

Up to $2,500

Small Watercrafts & Canoes

Up to $2,000

Credit Card, Debit Card Cover

Up to $500

Students Living Away from Home

No

Stress Payment

Up to $1,000

Policy Wording
Contents Insurance - Plus

Damaged contents replaced with new

Save up to 20% with our multi-policy discount

Earn Airpoint Dollars

Accidental Damage

Yes

Natural Disaster Damage

Yes

Gradual Damage

Up to $2,000

Jewellery

Up to $15,000 in total

Works of Art

Yes

Contents in Transit

Yes

Home Office Equipment

Up to $5,000

Pay Only One Excess

Yes

Temporary Accomodation

Up to $25,000

Electronics

Up to $1,000

Storage after Loss

Up to $5,000

Food & Medication Spoilage

Yes

Portable Valuables

Yes

Collections

Up to $3,000

Small Watercrafts & Canoes

Up to $1,500

Credit Card, Debit Card Cover

Up to $1,000

Students Living Away from Home

Up to $5,000

Stress Payment

Up to $1,000

Policy Wording
Contents Cover

Get new for old replacements for your contents and valuables at claim time.

Accidental Damage

Yes

Natural Disaster Damage

Yes

Gradual Damage

Up to $2,000

Jewellery

Up to $5,000

Works of Art

Up to $10,000

Contents in Transit

Yes

Home Office Equipment

Up to $3,000

Pay Only One Excess

Yes

Temporary Accomodation

Up $20,000 or a maximum of 12 months, whichever occurs first.

Electronics

Up to $5,000

Storage after Loss

Food & Medication Spoilage

Up to $1,000

Portable Valuables

Yes

Collections

Small Watercrafts & Canoes

Yes with exceptions

Credit Card, Debit Card Cover

No

Students Living Away from Home

Yes

Stress Payment

No

Policy Wording
Advanced Contents

Full Repair or Replacement cover for almost any household item regardless of age.

Up to 10% discount if you live in an apartment

Cover for unoccupied house for more than 60 consecutive days

Accidental Damage

Yes

Natural Disaster Damage

Yes

Gradual Damage

No

Jewellery

Up to $15,000 in total

Works of Art

Up to $2,000

Contents in Transit

Yes

Home Office Equipment

Up to $1,500

Pay Only One Excess

Yes

Temporary Accomodation

Up to 12 months, up to 25% of your sum insured

Electronics

Up to $5,000

Storage after Loss

Up to $2,000

Food & Medication Spoilage

Yes

Portable Valuables

Yes

Collections

Up to $2,000

Small Watercrafts & Canoes

Up to $500

Credit Card, Debit Card Cover

Up to $1,000

Students Living Away from Home

Up to $5,000 in total

Stress Payment

No

Policy Wording
Premier Contents

Repair or replacement cover of furniture and home appliances under 10 years old

Cover for unoccupied house for more than 60 consecutive days

Accidental Damage

Yes

Natural Disaster Damage

Yes

Gradual Damage

No

Jewellery

Up to $15,000 in total

Works of Art

Up to $2,000

Contents in Transit

Yes

Home Office Equipment

Up to $1,500

Pay Only One Excess

Yes

Temporary Accomodation

Up to 12 months, up to 25% of your sum insured

Electronics

Up to $5,000

Storage after Loss

No

Food & Medication Spoilage

Yes

Portable Valuables

Yes

Collections

Up to $2,000

Small Watercrafts & Canoes

Up to $500

Credit Card, Debit Card Cover

Up to $1,000

Students Living Away from Home

Up to $5,000 in total

Stress Payment

No

Policy Wording
Comprehensive

Repair or replacement cover of household contents

Cover for unoccupied house for more than 60 days

Accidental Damage

Yes

Natural Disaster Damage

Yes

Gradual Damage

Yes

Jewellery

Up to $10,000 in total

Works of Art

Up to $80,000 in total

Contents in Transit

Yes

Home Office Equipment

Up to $15,000

Pay Only One Excess

Yes

Temporary Accomodation

Up to 10% of your general contents sum insured

Electronics

Up to $3,000

Storage after Loss

Up to 10% of your general contents sum insured

Food & Medication Spoilage

Up to $1,000

Portable Valuables

Yes

Collections

Up to $5,000

Small Watercrafts & Canoes

Yes

Credit Card, Debit Card Cover

Up to $2,500

Students Living Away from Home

No

Stress Payment

No

Policy Wording
Classic Cover

Get a Package Discount when you also take out house insurance and/or car insurance through ASB

Other discounts available include a claim-free discount and burglar alarm discount

Accidental Damage

Yes

Natural Disaster Damage

Yes

Gradual Damage

Yes

Jewellery

Up to $15,000 in total

Works of Art

Up to $10,000

Contents in Transit

Yes

Home Office Equipment

Up to $1,000

Pay Only One Excess

Yes

Temporary Accomodation

Up to $12,500

Electronics

Up to $5,000

Storage after Loss

Food & Medication Spoilage

Up to $1,000

Portable Valuables

Yes

Collections

Up to $2,500

Small Watercrafts & Canoes

Up to $3,000

Credit Card, Debit Card Cover

No

Students Living Away from Home

No

Stress Payment

Up to $1,000

Policy Wording
Contents Insurance - Premium

Damaged contents replaced with new

Save up to 20% with our multi-policy discount

Earn Airpoint Dollars

Accidental Damage

Yes

Natural Disaster Damage

Yes

Gradual Damage

Up to $3,000

Jewellery

Up to $30,000 in total

Works of Art

Yes

Contents in Transit

Yes

Home Office Equipment

Up to $10,000

Pay Only One Excess

Yes

Temporary Accomodation

Up to $30,000

Electronics

Yes

Storage after Loss

Up to $5,000

Food & Medication Spoilage

Yes

Portable Valuables

Yes

Collections

Up to $5,000

Small Watercrafts & Canoes

Up to $2,000

Credit Card, Debit Card Cover

Up to $1,000

Students Living Away from Home

Up to $10,000

Stress Payment

Up to $2,000

Policy Wording

What is comprehensive contents insurance?

Comprehensive contents insurance is a policy designed to protect your personal belongings against events that could result in loss or damage to your items. It offers more extensive coverage than basic contents insurance by covering a broader range of incidents and types of items.

What Items are covered by comprehensive contents insurance?

Comprehensive contents insurance can vary between providers, but here’s a non-exhaustive list of items that are generally covered:

  • Furniture: tables, chairs, beds, and other pieces.
  • White goods and appliances: your refrigerator, oven, microwave, washing machine, etc.
  • Electronics: computers, televisions, and gaming consoles.
  • Personal items: clothing, shoes, and accessories.
  • Outdoor items: BBQs, outdoor furniture.

High-value items like art, jewellery and any other expensive collectibles at home can be covered too, but generally require additional protection. We’ll look at ‘item limits’ further along.

What events are covered by comprehensive contents insurance?

You’ll be protected in a range of events that could result in loss or damage to your stuff at home:

  • Theft or burglary.
  • Fire or explosion.
  • Storms, floods, or other natural disasters.
  • Accidental damage.
  • Temporary accommodation costs if your home becomes uninhabitable.

Damage by pests or damage during renovation generally isn’t covered with comprehensive contents insurance.

Types of contents insurance: Replacement value and indemnity value

In insurance terms, ‘Sum Insured’ refers to the maximum amount your insurance provider will pay if your contents are lost, damaged, or stolen. You have two types of insurance to choose from:

Replacement Value: This is a new-for-old option and covers the cost of replacing an item with a new one of similar type and quality.

Indemnity Value: This covers the current value of your belongings and considers any depreciation due to age or wear and tear.

Usually, a replacement value policy costs more than the indemnity value option, but it gives you better financial protection.

Understanding contents insurance excess

The excess is the amount you have to contribute towards the cost of a claim. You need to pay the excess first, and then your insurance company covers the rest up to the limit specified in your policy.

Here’s an example: if you have an excess of NZD 200 and claim a stolen laptop worth NZD 1,000, you’ll pay the first NZD 200, and your insurance company will cover the remaining NZD 800.

If you choose to pay a higher excess, the cost of your comprehensive contents insurance will usually be lower because you’re taking on more of the risk. On the flip side, a lower excess often leads to higher premiums.

What is the difference between comprehensive and basic insurance?

Basic insurance offers limited coverage, typically protecting your contents against specific events such as fire and theft. However, it may not include coverage for accidental damage or items outside your home.

If you want a broader level of protection, comprehensive insurance is a better choice. It includes coverage for accidental damage, and you may also be able to add extra portable contents insurance to cover your stuff when you’re away from home.

Understanding portable contents coverage

Portable contents, also called ‘personal effects’ coverage, is an additional feature often found in comprehensive contents insurance policies.

This feature extends your insurance protection to cover items you take out with you, like laptops, smartphones, jewellery or a bike. If these items are lost, stolen or damaged outside your home, say, a cafe or workplace, they are covered by portable contents insurance.
However, remember to check with your insurance provider about the specifics of the coverage, as limits and conditions may apply.

How to figure out the amount your items should be covered for?

Write a list of all your items and estimate their replacement cost.

To determine your required level of insurance, it’s best to do a detailed assessment to make sure the final sum insured is accurate and reflects the value of your contents.

Item limits in comprehensive contents insurance

  • Some items have limits on the amount that your insurer will pay out if it is damaged, lost or stolen.
  • These are known as ‘item limits’. They usually apply to high-value items like jewellery, art, collectables, and sometimes electronics.
  • For instance, your policy might state that the insurer will only pay up to $2,000 for jewellery, even if your diamond necklace is worth $5,000. To make sure you’re fully covered for high-value stuff, you need to specify these in your policy and potentially pay an extra premium.
  • Always remember to double-check your policy for any item limits.

Compare Comprehensive Insurance policies

When you have valuable items you want to protect, make sure you select the policy that covers them