Why do I need house insurance?
House insurance protects you financially when the unexpected happens to your home, like a fire, flood, or sudden water damage. Without it, you’d need to pay the full cost of repairs or rebuilding yourself, which can be extremely expensive.
Most New Zealand homes are worth hundreds of thousands of dollars. Rebuilding or repairing after a disaster is not something most homeowners can afford out of pocket, and these expenses often come without warning.
Tempted to skip it to save money?
In tough financial times, it can be tempting to look for areas to cut back, and insurance can feel like an easy one to drop, especially if you haven’t made a claim in years. But it’s worth asking yourself:
If disaster struck tomorrow, could you afford to recover without insurance?
A single fire or flood can destroy years of financial progress. Even minor repairs can cost tens of thousands, and that’s before factoring in things like temporary accommodation. When you don’t have cover, you’re gambling with your biggest asset.
When you pay for insurance, you’re not just buying cover, you’re paying a provider to take on the financial risk for you, so you’re not left to carry it alone if something goes wrong.
Insurance isn’t about being pessimistic; it’s about being prepared.
If you’re looking for ways to keep your costs down, one of the most effective options is to increase your excess. This is the amount you agree to pay if you make a claim.
By choosing a higher excess, you’re taking on a bit more risk upfront, but it usually means you’ll pay a lower premium year to year. It’s a good option for homeowners who:
- Want to keep their cover but lower their premium
- Haven’t made a claim in a while
- Could comfortably pay a higher excess in the rare event they do need to claim
At initio, our quick quoting tool makes it easy to adjust your excess when you get a quote, so you stay protected, without paying more than you need to.
Insurance is about protecting what matters most
Your home is likely your most valuable asset. House insurance is designed to shield it from things you can’t plan for: fires, floods, storms, and earthquakes.
With initio, you’re covered for sudden and accidental damage, and you can lodge a claim online in minutes. It’s fast, flexible protection, backed by real people.
The bottom line: why you need house insurance
- Because disasters can happen to anyone at any time
- Because the cost to rebuild or repair is high
- Because insurance offers security when you need it most
- Because there are smart ways to stay covered without overspending
Still thinking it through? Get a quote online in minutes, or learn more about what our house insurance covers
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