Owning a Holiday Home means you’re a little different. That’s why you need an insurance policy that provides good cover when you’re not there or when someone else is using it.
At Initio we understand that your holiday home could be advertised online, and that on occasion you may have paying guests staying. Or perhaps your holiday home is only used by your friends and family. When you insure with Initio we give you the choice, so you get the right cover for the right price.
Holiday homes are often left vacant for extended periods, we know this and we make sure that the cover continues regardless of when the property was last occupied. We also know that your holiday home is furnished and that some of your personal items may remain at the property, and this is why we provide you with a range of contents insurance options.
Here are some of the great features of the cover:
|Description of Cover||Limit of Cover||Excess|
|Full replacement Holiday Home Cover up to Sum Insured||Your Sum Insured||Your Choice of $400 / $650 / $1,150 / $2,000|
|Major Malicious Damage by Guest (Fire & Explosion)||Your Sum Insured||Greater of $500 or Your Chosen Excess|
|Deliberate Damage by Guest||$25,000||Greater of $500 or Your Chosen Excess|
|Loss of Rents Cover (following property damage)||$20,000 – $80,000||Nil|
|Owners / Landlords Contents
Options for present day & replacement value cover
|$20,000 – $220,000||Your Chosen Excess|
|Hidden Gradual Damage Cover||$3,000||Your Chosen Excess|
|Owners Legal Liability Cover||$2,000,000||Your Chosen Excess|
|Unoccupancy exceeding 60 days||Your sum insured||$5,000 or $2,000 with intruder alarm**|
|Full Earthquake Cover||Your sum insured||$5,000|
** Where your property is a Holiday Home or Bach your chosen excess will apply if the property is kept in a tidy condition, all external doors and windows are securely locked, all papers and mail are collected regularly, and the home is under regular supervision.
IMPORTANT This is a summary of the policy only. Please refer to the policy wording for full details of cover.
Initio allows you to buy insurance online and enjoy some of the best policy coverage and claims service available for Holiday Home owners.