Insurance firms ready for business

Last updated 07:50 15/09/2012

Relevant offers

The doors to insurance cover are opening a bit in Canterbury with ANZ Bank and insurer Vero saying they will insure some new homes.

Customers wanting insurance cover to build a new home on a new site or their existing section will be considered on a case by case basis.

Vero's criteria for determining if it will insure includes the location, land quality and construction.

Earlier this week Westpac Bank and Lumley Insurance said they would provide fixed-sum cover for new homes but not the traditional open-ended replacement cover.

ANZ and Vero said the cover was available to existing and new mortgage customers for residential properties in Canterbury.

Company representatives said the home insurance cover would be based on an open square metre basis but subject to a ceiling of $2000 per square metre.

If a customer wanted more cover than $2000 a square metre they would have to take out a fixed-sum insured policy.

Ad Feedback

- The Press


Special offers
Opinion poll

Would you like to see the Heathcote River cleaned up?

Absolutely, why does the Avon River get all the attention?

Yes, but only if it doesn't cost ratepayers too much

No, industry needs somewhere to dispose its waste

Vote Result

Related story: Alasdair Cassels to beautify Heathcote River

Featured Promotions

Sponsored Content