Essential insurance for your home so you know you’ve got the basics covered

Essence cover provides

  • Open all

    If your house is damaged we'll pay to have it repaired or restored to a condition it was in prior to the loss happening. If it's totally destroyed and you choose not to rebuild, we'll pay up to the market value plus demoltion and removal costs.

  • If your house is tenanted, this cover extends to include fixtures and fittings owned by you.
    You also have protection against loss of rent for up to 12 months, to a maximum of $15,000 if the house is rendered uninhabitable because of damaged that's covered under this policy.
  • Essence cover extends to any new building work being undertaken around your home and any associated building materials. The maximum we'll pay is $10,000 per annual period.

  • Any part of your home that you use as a home office is also covered under this policy.

  • We’ll cover your legal liability if you accidentally damage someone else’s property or if you accidentally injure somebody, anywhere in New Zealand in relation to your home ownership. Provided you check with us first, we may also cover your legal fees.

  • Essence cover provides many more benefits. These include an alternative accommodation benefit if your home can’t be lived in because of damage that’s covered by this policy, a stress payment of up to $2000 if your home is totally destroyed.

    The above information is intended as a guide only . Maximum limits and certain exclusions do apply.

  • Check your sum insured is up-to-date and truly reflects the cost to rebuild your home, as materials, labour and compliance costs change over time.

    Find out more and use the calculator to help you estimate your home’s sum insured quickly and easily.

Ready for a quote?

Call 0800 800 800


© IAG New Zealand Limited Privacy Policy Terms of Use

Lantern Insurance is a business division of IAG New Zealand Ltd

For a complete description of your cover, please refer to your policy wording, policy schedule and any other relevant policy documents.
This information is a general guide only and is not necessarily complete. We reserve the right to change, update or correct any information from time to time without notice.