Rebuild or repair your house and other structures up to your replacement value.
Replace or repair lost or damaged belongings on a new-for-old basis.
Cover legal costs if an accident injures someone, or causes damage to other's property.
$20,000 of alternative accommodation if your damaged house can’t be lived in.
Reduced $250 excess for glass breakage claims.
We’ll pay up to $1,000 if your keys are lost, stolen or copied with no excess.
$3,000 for gradual water damage from a hidden water or waste pipe.
Up to $500 to unblock underground water or sewage pipes, with no excess.
We’ll pay up to 10% over your sum insured if a disaster increases building costs.
Contents are repaired or replaced to new condition, not depreciated.
Store contents temporarily away from home, in transit to a new house, or stored at vault.
If both your house & contents are damaged (e.g. flood), you’ll only pay one excess.
Up to $1m for damage you accidentally cause to other’s property in New Zealand.
Every customer gets access to their own personalised dashboard login.
Change your policy, lodge claims, add and cancel policies or get documents all online from your smart device or computer.
Not sure what it would cost to fully rebuild your house if it was completely destroyed?
Get an estimate quickly and easily with the Cordell Sum Sure Calculator.
Not sure what all the belongings in your house are worth?
Break down your contents room by room with our custom contents calculator.
Item is replaced or repaired to new condition.
You lost your iPhone 12. $2,000 is paid for a brand new replacement iPhone 12.
Item is replaced or repaired to current value.
You lost your iPhone 12. Depreciated $1,000 is paid based on its second-hand value.
Smartphone, Engagement Ring, Tennis Racket & TV etc.
Surfboards, Kayaks, Dinghies & Portable Pools etc.
Ride-on Lawnmower, Golf Cart, Wheelchairs etc.
Place Mats, Lounge Rug etc.
We don't expect you to build your own policy, so we include the things that matter — bells and whistles too.
We provide instant, online quotes for your house, and take the same approach to claims.
We're here to support you when tragedy strikes. Let us show you the way to better insurance.
If disaster strikes, you’re in safe hands. Initio policies are underwritten by NZI (IAG New Zealand Ltd). Standard & Poor’s have given IAG a AA- ‘Very Strong’ Financial Strength Rating.
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.
Visit our guide on how to switch your policy to initio.
First, make sure your new initio policy is in place. We let you place cover any day up to a month in advance.
You’ll then need to contact your insurance company and tell them to cancel your policy from the same date.
Don’t worry about getting the exact square metre size, because 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 get the full 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 you time and money.
You can generate and amend the insurance certificate yourself at any time through your initio dashboard login.