Insurance HOME, CONTENTS & PRIVATE MOTOR VEHICLE. Your cover. Your choice.

Full text

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Insurance

HOME, CONTENTS & PRIVATE MOTOR VEHICLE

Your cover.

Your choice.

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01 Finding the right policy for your needs 02 Why ASB?

03 ASB Home Insurance 05 ASB Contents Insurance 07 How much cover do I need?

13 ASB Private Motor Vehicle Insurance 15 Making a Claim

17 Important Information

What works for you?

> Home, contents and private motor vehicle

insurance at very competitive prices.

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0800 200 252 for Insurance enquiries, 8am-9pm, 7 days a week.

House and contents

ASB Home Insurance and Classic Contents cover protects your home and contents against damage, accidental loss and burglary.

We can even cover the costs of temporary accommodation, if you’re not able to live in your house while it is being repaired or rebuilt.

We also have a no loss of claim-free discount for accidental breakage of windows and bathroom fi ttings.

Flatting ASB Basic Contents cover is great cover if you don’t have a whole house full of contents to insure but still want to protect your belongings.

It includes legal liability cover of $1 million, which covers rebuilding or repairing your fl at if you cause major damage to it.

University hostel

Your parents’ contents insurance may be able to be extended to cover you – check with them. If not, our ASB Basic Contents cover may be right for you.

Residential investment properties

ASB Home Insurance can cover you with a policy that includes cover for loss of rent if the house is uninhabitable due to loss or damage.

It’s a good idea to talk to your tenants about getting a Contents policy, such as ASB Basic Contents so they have liability cover to repair or rebuild your home if they cause major damage to it.

Car and boat

ASB Private Motor Vehicle insurance provides a choice of Standard, Third Party Fire and Theft and Third Party cover. We can cover your boat with our ASB Pleasure Craft insurance.

House renovations

If you’re renovating your home, a Contract Works policy provides cover against theft of your building materials and tools, as well as loss or damage caused by the construction work.

Moving house

If you are moving house, or have your things in storage, you can protect them from accidental damage by paying for a Goods in Transit or Goods in Storage extension on your ASB Classic Contents cover.

Lifestyle blocks

ASB Home Insurance and Classic Contents will cover your house and contents and you can take out our specialist ASB Farm Insurance, which will cover you for your sheds, livestock and farm equipment.

> Finding the right policy for your needs

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Protecting your valuable assets against

the unexpected allows you to get on with

your life without the worry of the fi nancial

strain that an accident, loss, crime or

disaster can bring.

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1 0800 200 252 for Insurance enquiries, 8am-9pm, 7 days a week.

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At ASB we don’t just help you manage your assets, we can help you protect them too, with comprehensive and competitive insurance packages . . .

>

Over 160 years

experience serving New Zealanders.

>

Stay One Step Ahead -

keep your insurance and fi nances in the same trusted place.

>

Claim-free discounts

on Home, Contents and Private Motor Vehicle policies.

>

Flexible premium payment options

– choose easy fortnightly, monthly or annual direct debit payments.

>

Annual payment discount

available when you choose to pay your premium annually.

>

Pay by ASB Visa or MasterCard

and you could also earn True Rewards Dollars.

>

15 day free look period

>

Choice of cover

to best fi t your Home, Contents and Private Motor Vehicle insurance needs.

>

Package discounts

when you take any combination of Home, Contents or Private Motor Vehicle policies together.

We’ll give you a package discount for any combination of Home, Contents or Private Motor Vehicle policies taken together.

> Why ASB?

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Benefi ts

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No loss of claim-free discount

and no excess to pay for accidental breakage of windows and bathroom fi ttings.

>

Stress payment

of $1,000 following a total loss claim.

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Up to $1,000

to replace stolen keys and to alter locks, with no excess to pay or loss of your claim-free discount.

>

Cover for legal liability

as a home owner of up to $1,000,000.

>

Accommodation costs or loss of rent

up to $11,250 if your house is not liveable following loss or damage.

Discounts

>

Claim-free discount

up to 40%.

> Professionally installed burglar alarm

discount.

>

A package discount

when you take out any combination of Home, Contents or Private Motor Vehicle policies together.

>

Higher package discounts

if you are over 55 years of age.

>

Annual payment discount.

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When you consider how much effort you put into fi nding or building your home it makes sense to take time to choose the right insurance cover for it.

www.asb.co.nz for more information, or visit any ASB Branch.

> ASB Home Insurance

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1 0800 200 252 for Insurance enquiries, 8am-9pm, 7 days a week.

Types of Cover

>

Actual Replacement Cover

allows your home to be rebuilt using today’s materials, regardless of cost.

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Sum Insured Replacement Cover

rebuilds your home up to the Sum Insured.

Both covers include a top-up to the cover provided by the Earthquake Commission (EQC) for earthquakes, volcanic eruptions, hydrothermal activity, landslide or tsunami.

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>

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www.asb.co.nz for more information, or visit any ASB Branch.

Classic Contents Cover

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Full replacement

of most furniture,

furnishings and home appliances regardless of age.

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Up to $1000

to replace stolen keys and to alter locks, with no excess to pay or loss of your claim- free discount.

>

Stress payment

of $1000 following a total loss claim.

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Cover for your home contents

and personal items while they are at your home or while they are temporarily elsewhere in New Zealand.

Basic Contents Cover

>

Full replacement or repair

for furniture, furnishings, home appliances, stereos and TVs less than 5 years old and computers less than 3 years old.

>

Present value or cost to repair

for other contents.

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Legal Liability

of up to $1,000,000 for loss or damage to anyone else’s property in New Zealand.

>

Standard Excess

of $250.

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Maximum value

of contents you can insure is $30,000.

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Think carefully about the real value of your home contents before you need to make a claim. We’ll make sure you’re properly covered.

> ASB Contents Insurance

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0800 200 252 for Insurance enquiries, 8am-9pm, 7 days a week.

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Discounts

>

Claim-free discount

up to 40%.

> Professionally installed burglar alarm

discount.

>

Higher discounts

may apply for monitored burglar alarms.

>

A package discount

when you take out a combination of Home, Contents or Private Motor Vehicle policies together.

>

Higher package discounts

if you are over 55 years of age.

>

Annual payment discount.

>

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www.asb.co.nz for more information, or visit any ASB Branch.

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> How much cover do I need?

Lounge

AVERAGE VALUE $ ABOVE AVERAGE

VALUE $ YOUR VALUE $

Bookcases 600 900

Books/Video Tapes/ Video Games 350 700

CD’s/Cassettes/Records 900 1,500

Coffee Tables 800 1,100

Lounge Suite/Chairs 2,500 4,000

Stereo/Radio 1,300 3,000

Television 900 2,000

Video/DVD Player 500 900

Wall Unit 1,000 2,000

Other

Total 8,850 16,100

Dining Room AVERAGE VALUE $ ABOVE AVERAGE

VALUE $ YOUR VALUE $

China Cabinet 1,000 2,000

China/Crystal/Pottery 500 1,000

Dining Suite 1,500 2,500

Liquor 235 350

Silverware 400 1,000

Other

Total 3,635 6,850

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0800 200 252 for Insurance enquiries, 8am-9pm, 7 days a week.

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Laundry

AVERAGE VALUE $ ABOVE AVERAGE

VALUE $ YOUR VALUE $

Brooms/Mops/Buckets 100 120

Cleaning Materials 100 150

Clothes Dryer 500 650

Iron 70 100

Ironing Board 80 100

Washing Machine 850 1,500

Other

Total 1,700 2,620

> Kitchen

AVERAGE VALUE $ ABOVE AVERAGE

VALUE $ YOUR VALUE $

Coffee Machine 80 400

Cutlery 350 500

Dishwasher 1,275 1,500

Food 800 1,000

Food Mixer 175 400

Food Processor 245 400

Fridge 1,600 1,800

Frypan/Crockpot 100 150

Glassware/Crockery 500 700

Jug/Kettle 60 90

Microwave 250 400

Other Electrical Appliances 150 200

Pots/Pans/Bowls 350 700

Radio 120 150

Sandwich Maker 55 80

Table and Stools 500 700

Toaster 55 80

Utensils 120 350

Other

Total 6,785 9,600

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www.asb.co.nz for more information, or visit any ASB Branch.

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> Bedrooms

AVERAGE VALUE $ ABOVE AVERAGE

VALUE $ YOUR VALUE $

Baby Furniture 600 800

Beds/Mattresses/Pillows 3,300 5,000

Blankets/Duvets/Quilts 1,500 1,600

Books 400 500

Desks/Chests 300 500

Dressing Tables/Tallboys 1,200 1,800

Electric Blankets 350 500

Main Bedroom Suite 2,150 4,000

Pram/Pushchair 200 400

Radios 450 600

Toys 300 500

Other

Total 10,750 16,200

Personal

AVERAGE VALUE $ ABOVE AVERAGE

VALUE $ YOUR VALUE $

Bags/Suitcases/Wallets 350 650

Binoculars 200 300

Camera* 290 600

Clothing (at least) 5,000 7,500

Computer Software 1,200 3,000

Cosmetics 300 500

Electric Shaver/Hair Dryer 240 300

Footwear (at least) 1,500 3,000

Home Computer 2,000 3,500

Jewellery/Watches* 2,000 2,500

Photographs/Albums 250 500

Spectacles/Sunglasses 400 600

Sports Equipment/Sleeping Bags 500 2,000

Toiletries 300 800

Video Camera/Camcorder* 1,500 2,500

Other

Total 16,030 28,250

* Refer to page 12 for important information on special items.

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0800 200 252 for Insurance enquiries, 8am-9pm, 7 days a week.

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General

AVERAGE VALUE $ ABOVE AVERAGE

VALUE $ YOUR VALUE $

Carpets/Rugs 6,000 10,500

Clocks 100 300

Curtains/Blinds 4,000 5,000

Cushions 100 200

Heaters/Fans 400 600

Light Fittings/Lamps 750 1,900

Medicine Cabinet Contents 100 200

Mirrors 300 600

Ornaments* 750 1,000

Paintings/Pictures* 900 1,500

Pot Plants/Holders 250 400

Telephones 150 500

Cellphones 250 500

Other

Total 14,050 23,200

Storage/Garage

AVERAGE VALUE $ ABOVE AVERAGE

VALUE $ YOUR VALUE $

Bicycles* 750 1,500

Camping Gear 800 3,000

Freezer 940 1,200

Freezer Contents 600 800

Garden Equipment 400 500

Ladders/Wheelbarrows 350 450

Lawnmower 700 900

Linen 900 1,000

Outdoor Furniture 350 700

Sewing Machine/Overlocker 2,200 3,700

Tools 700 1,500

Vacuum Cleaner 350 700

Other

Total 9,040 15,950

>

* Refer to page 12 for important information on special items.

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www.asb.co.nz for more information, or visit any ASB Branch.

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AVERAGE VALUE $ ABOVE AVERAGE

VALUE $ YOUR VALUE $

Lounge 8,850 16,100

Dining Room 3,635 6,850

Kitchen 6,785 9,600

Laundry 1,700 2,620

Bedrooms 10,750 16,200

Personal 16,030 28,250

General 14,050 23,200

Storage/Garage 9,040 15,950

Sub Total 70,840 118,770

Add 5% for inflation & purchases 3,542 5,938

Your Sum Insured 74,382 124,708

> Summary

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0800 200 252 for Insurance enquiries, 8am-9pm, 7 days a week.

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> *Special Items

> Specify below any items over $2,500 for Classic Contents cover, or over $1,000 for Basic Contents cover, from categories marked with (

*

) on

previous pages.

> List any jewellery that you require replacement cover for.

> List any collections with a value over $2,500 for Classic Contents cover, or over $1,000 for Basic Contents cover.

> List any surfboard, windsurfer, dinghy or canoe with a value up to $3,000 each for Classic Contents cover, or up to $1,000 for Basic Contents cover.

> When you take out your policy these items need to be named as specifi ed items, or limits will apply.

Special Items

$ VALUE

Total

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13 www.asb.co.nz for more information, or visit any ASB Branch.

No matter how carefully you drive, or how securely your car is kept at home, you need comprehensive cover against damage and theft as well as third party insurance. At ASB we offer a range of options to suit your budget and circumstances.

Benefi ts and Discounts

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Comprehensive cover

for your Private Motor Vehicle. If your vehicle is written off, we agree to either replace it with a similar vehicle or pay you the Sum Insured, provided your vehicle was, in every respect, in a good and well maintained condition immediately prior to the claim.

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Claim-free discount

up to 65%.

>

Discount

may apply for professionally installed Security Systems.

*

>

A package discount

if you take out a combination of Home, Contents or Private Motor Vehicle policies together.

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Higher package

discount if you are over 55 years of age.

*

Not available for Third Party Only cover.

> ASB Private Motor Vehicle Insurance

Choosing the right car insurance is almost as important as choosing the car itself...

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>

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0800 200 252 for Insurance enquiries, 8am-9pm, 7 days a week.

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Policy Cover

STANDARD THIRD PARTY FIRE & THEFT

THIRD PARTY ONLY

Accidental loss of or damage to your vehicle

Loss or damage by fire or theft

Legal liability up to a maximum of $20,000,000

Personal accident benefits up to $10,000 Certain medical expenses up to $500 The reasonable cost of returning your vehicle to

your home after it has been repaired or recovered

Transport home by rail or bus following loss of or damage to your vehicle

Legal expenses up to $1,000 for defending a manslaughter charge

Replacement if your vehicle is less than 1 year old and becomes a total loss

Trailer cover up to $1,000

Discount available for excluding drivers under 25 years of age

Windscreen cover

Protection against uninsured drivers

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Discount

if you exclude drivers under 25 years of age (other than you and your partner).

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Annual payment discount.

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Three Policy Cover options

to protect your motor vehicle.

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www.asb.co.nz for more information, or visit any ASB Branch.

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> Making a Claim

It’s important that you know what to do if anything does happen. That way your claim can be settled promptly.

If your property is damaged please take reasonable precautions to prevent further loss or damage. This includes arranging any emergency repairs, such as replacing broken locks. Note: you must keep the receipts for any costs you incur.

Most importantly, contact ASB Claims Centre as soon as possible on 0800 200 242. We’re available 24 hours, 7 days a week.

We will register your claim and advise you what will happen next. If you receive any documentation from another party regarding a claim please ring us immediately.

Burglary and Theft

If you suspect the loss, damage, theft or malicious damage was due to burglary, you should notify the Police immediately. Provide them with as many distinguishing features of the lost, stolen or damaged property as possible.

The Police will give you an acknowledgement form detailing the loss or damage. Please hold onto this in case we need it.

An accident or loss can be stressful,

making a claim shouldn’t be.

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Home and Contents Claims

For a Home and Contents claim, you need to compile information to show what you have lost, including proof of ownership and what the value of the loss is.

Helpful supporting information includes:

> receipts, photographs, valuations and repair estimates

> evidence supporting your ownership

We will let you know what you are insured for and whether repair, replacement or a payment for your loss will settle the claim.

Excess

Your excess is the amount of each claim you will have to pay. In other words, it is the amount that will be deducted from each claim.

> $150 standard excess for Home Insurance, except when your home is tenanted when the standard excess is $350.

> $150 standard excess for Classic Contents cover and $250 for Basic Contents cover.

> $300 standard excess for Private Motor Vehicle Insurance except when the driver is:

– aged 21 to 24, the excess is $750.

– aged 25 or over and has held a current licence for less than 12 months, the excess is $750.

– aged under 21, the excess is $1,000.

A higher voluntary excess or imposed excess may apply.

16 0800 200 252 for Insurance enquiries, 8am-9pm, 7 days a week.

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Think ahead. Keep receipts, valuations and photos of valuable items.

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The information contained in this brochure is of a general nature and is intended as a guide only, outlining some of the benefi ts provided by ASB Home, Contents and Private Motor Vehicle Insurance.

Call us to arrange your insurances today:

Call in to any ASB branch and our friendly team will be happy to answer any questions you may have and provide you with a quote. Or simply phone us on 0800 200 252.

Exclusions do apply. For full details of the kinds of loss, damage and liability not covered, refer to the Policy Document, which is available from ASB Bank Limited.

Please note: A minimum premium applies for all policies. Accordingly, even though your policy may qualify for one or more discounts, the total of these discounts cannot cause your premium to be less than the required minimum.

The availability of any insurance cover is subject to your application being approved. ASB Insurance is underwritten by IAG New Zealand Limited, a member of the Insurance Council of New Zealand Inc.

The Insurance Companies (Ratings & Inspections) Act 1994 requires insurance companies to obtain and disclose a current Claims Paying Ability Rating which represents their ability to pay present and future claims. IAG New Zealand Limited received a rating on 7 May 2008 of AA- (“very strong”) from Standard and Poor’s (Australia) Pty. Ltd.

0800 200 252 for more information, or visit any ASB Branch.

> Important Information

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ASB Bank Limited 56510 1305 0508

0800 200 252

8am-9pm. 7 DAYS A WEEK

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