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Contents basics

Check out contents insurance in 60 seconds to get an understanding of contents insurance.

The type of cover provided will depend on the contents item and will fall into one of the following categories:

  • Repair or replacement
  • Present day value 

Repair or replace is where we will restore your contents to the same condition (not more or less) that it was in before the loss, limited to a maximum of the sum insured. 

Present day value (PDV) is the cost of replacing or repairing your contents to their second hand value.


What is sum insured?

Your sum insured amount is provided by you and based on the total value of your contents. The sum insured is the most we will pay for a claim under your house insurance policy and it's important that you select the right amount. You can choose a sum insured from as low as $10,000 up to $200,000.

Go to Sum insured explained for more information.


What benefits are available?

Trade Me Insurance has standard benefits and optional benefits. Standard benefits are included in your policy and optional benefits can be purchased and added to your policy at any time. Full benefit information can be found in the policy wording or on the policy benefits page.


Should I specify my items?

If you have items worth a little bit more, check out My expensive stuff - why should I list it? to see if you will need to specify them in your policy. You can add on specified items for an additional premium at any time through My Insurance.

See your policy wording for more details.


What are your obligations?

It is your responsibility to be aware and understand what your obligations are to ensure you are covered at your time of need. 
To see what your obligations are, read our What are my obligations? and All about honesty- disclosure and declarations articles or check out your policy wording.


This is a summary only. See if this policy is right for you by viewing our policy wording which includes our benefits, terms and conditions


Still unsure? Fire up a live chat or contact uswe are here to help.


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