If your home is insured under a Vero or AMP General Maxi replacement value insurance policy, you could get extra cover for no extra cost.red.

If you qualify, you’ll get:

  • Up to 10% more cover for natural disasters

  • If your home is damaged or destroyed in a natural disaster (such as an earthquake or tsunami) and the Sum Insured amount isn’t enough to pay for repairs or a rebuild, SumExtra kicks in with up to 10% extra.

  • Full repair or replacement cover

  • If your home gets damaged or destroyed by any insured event other than a natural disaster, with SumExtra you’re covered for the costs to repair or replace your home—even if the cost is more than your Sum Insured amount.

It’s easy to qualify for SumExtra

SumExtra is available if your home is insured with Vero or AMP General for its replacement value. To qualify, you need to work out the estimated cost of rebuilding your home using calculation methods they accept, like the Cordell Calculator or the advice of a registered valuer. Then contact us to set your Sum Insured amount to at least the value of the replacement estimate. Make sure you keep a copy of the written cost estimate in a safe place as you will need it to obtain the SumExtra benefit.

Provided the cost estimate is less than three years old at the time it was last agreed (this could be when you purchased or renewed your insurance), you can enjoy the SumExtra benefit—just like that.

There’s no need to sign up

If you already qualify for SumExtra, there’s no extra paperwork to complete. And it comes at no additional cost. The cover is ready to go—if and when you need it.

You don’t have to miss out

If you don’t currently qualify for SumExtra, it’s easy to put right. Just work out the Sum Insured amount for your home using one of the methods below.

Already qualify for SumExtra?

Don’t forget you need to actively recalculate your sum insured every three years using one of the approved methods - it’s easy with the Cordell calculator.  If you need to adjust the sum insured on your policy, contact us and remember to keep a copy of your calculation in a safe place..