House & Contents Insurance
Kiwi’s love their houses. Protect yours with our comprehensive cover.
Get a quote in seconds with New Zealand’s easiest house insurance.
What does House & Contents insurance cover?
Full House Replacement
Repairing or replacing your damaged house, and other things like driveways & fences up to your rebuild value.
Personal Contents
Replace or repair your lost or damaged belongings on a new-for-old basis.
Legal Liability
Legal & liability costs if an accident damage's other's property, or injures another person.
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Temporary Accommodation
Up to $20,000 of accommodation for you, your family & pets if your house is damaged and can’t be lived in.
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One Excess per Event
If there’s damage to both your house & contents (e.g. flood), you’ll only pay one excess for both claims.
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Reduced Glass Breakage Excess
Reduced $250 excess for all glass breakage claims.
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Excess free Keys & Locks
Lost, stolen or think someone’s copied your keys? We pay to replace keys and related locks up to $1,000, with no excess.
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New-for-Old Replacement
Most contents repaired or replaced to new condition, rather than depreciated to second hand value.
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Contents in Transit or Storage
Contents covered when temporarily removed from your house; in transit to a new house, or stored at a bank or commercial vault.
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Hidden Gradual Damage
$3,000 for gradual water damage from a hidden water or waste pipe at your home.
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Excess free Blocked Pipe
If you have a blocked underground water or sewage pipe, we’ll cover $500 to unblock it with no excess.
See policy wording for full details of cover
Download Home Insurance Policy Download Contents Insurance Policy
How much cover do I need?
House Rebuild Calculator
You’ll need to select what you think it would cost to fully rebuild your house if it was destroyed. This is the most we’ll pay so it’s important to get it right.
The Cordell Sum Sure Calculator uses council construction data to estimate how much it would cost to rebuild your house.
Contents Calculator
Knowing what all your contents are worth is hard. Our contents calculator tool helps you break down your contents room-by-room to give you a suggested sum insured option.
This is the most we’ll pay for your contents so you need to be sure that it’s enough to replace your items at today’s prices.
How are contents claims paid out?
Our comprehensive replacement cover means most items are replaced new-for-old and only some items like books & clothing are covered by their second-hand market value.
What’s the difference between New-for-Old and Market Value replacement?
New-for-Old Replacement
Item is replaced or repaired to new condition. You lost your iPhone 11 that you purchased last year and $1,500 is paid for a brand new replacement iPhone 11.
Market Value Replacement
Item is replaced or repaired to current value. You lost the same iPhone 11 you purchased last year, and a depreciated $750 is paid based on its second-hand market value.
Why initio?
We use our technology to save you time and money
Great cover
We don't expect you to build your own policy, we include the things that matter, bells and whistles too.
100% online
We provide instant, online quotes for your house, and take the same approach to claims.
Support focused
We're here to support you, not sell. Let us show you the way to better insurance.
You’re in safe hands
If disaster strikes, you’re in good hands. Initio policies are underwritten by NZI (IAG New Zealand Ltd). Standard & Poor’s have given IAG a AA- ‘Very Strong’ Financial Strength Rating.
Common questions about house & contents insurance
You’ll need to choose a sum insured that’s enough to fully demolish and rebuild your house to its existing size (at today’s building costs).
If you’re unsure what the rebuild costs would be, we recommend you use the Cordell SumSure Calculator to help you get an estimate.
See here for our full guide on choosing your sum insured.
You can set your policy to start any date up to a month in advance.
If your policy expires soon you can start your new initio policy from the same day your existing cover ends.
You’ll then need to contact your insurer to get them to lapse your policy from the future expiry date.
If you’re changing from your current insurer now, you can start your initio policy from today.
However, you’ll need to contact your insurer immediately to cancel your cover today so that there isn’t two policies on the same house.
Don’t worry about getting the square metre size perfect. We only ask for an estimate.
We’ll pay to fully rebuild your house to its existing size, up to the sum insured you select. If your house suffers a total loss we’ll be able to use past records to find its exact size.
Therefore an estimate of the size is enough, while selecting an adequate sum insured is more important.
Our contents policy has limits on certain items such as jewellery and bicycles. You will need to specify items that are worth more than their limits to have full cover. To see the list of items and their limits, see here.
You don’t need to specify other high values items such as laptops or furniture. These are automatically covered as part of the contents sum insured you select.
When you insure your house with Initio we instantly email a copy of the certificate to your email inbox. No delays, we use technology to save your time and money.
You can generate and amend the insurance certificate yourself at any time through your initio dashboard login.