Buying guide
Does home insurance cover natural disasters?
It’s worth getting your head around this stuff.
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In New Zealand, home insurance covers natural disasters through a two-part system. Your premium includes a mandatory Natural Hazards Insurance (NHI) levy, which funds the Natural Hazards Commission (NHC). The NHC provides the first $300,000 + GST of cover for disasters like earthquakes and landslides.
Your private insurer covers costs exceeding this amount, up to your policy limit. For flooding and storms, your insurer covers the house while the NHC only covers the land. The NHC replaced the EQC from 1 July 2024.
What do we mean by “natural disasters” in the context of home insurance?
Natural disasters are many homeowners' worst nightmares.
Understanding home insurance and natural disasters: The Natural Hazards Insurance Levy (NHI)
What if the damage is more than $300,000?
Flooding can be a bit of a special case when it comes to home insuance.
What about insuring my land against natural disasters?
What about flooding or a storm?
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