House Construction insurance

When you may need Contract works insurance

Building a house

Make sure your new house-to-be is covered for accidental loss or damage during the build.

You're renovating

Your house insurance may not cover your renovations. Get cover for accidental loss or damage when you’re renovating, living in the house and you already have house insurance with us.

You’re renovating and the house is unoccupied

Get cover for accidental loss or damage when your house is being renovated, no one is living in it and you haven’t got house insurance.

What do you get?

Cover for existing structures

This protects the part of the house that is being worked on. Your house policy may not cover you while you’re making alterations, so this is a good idea if you’re carrying out alterations to an existing house.

Cover for building materials

We'll cover you for any loss or damage to building materials on your building site, including those supplied by you to your contractor.

Cover for loss in transit

We'll cover you for any loss or damage to building materials while they're being transported to your building site.

Cover for professional fees

If you need to do rebuilding work after a loss or damage covered by this policy, we'll pay for the services of an architect, engineer or other consultant.

Cover for speedy recovery

Sometimes it's important not to hold up construction. If your partially built house is damaged, but you still need to finish building on time, we can pay for overtime labour costs, as well as express delivery for materials you need to repair the damage quickly.

Other benefits

 
  • We'll cover any inflationary increases in the cost of labour and building materials
  • Reinstatement of insurance
  • Cover for demolition and clean up.

Some conditions apply. Full details are set out in our policy document.

What to do when you've completed your build or renovation

 
  • Make sure you've got adequate House insurance and your House Sum Insured is up to date.
  • Make sure you have the right level of contents cover. You may have bought some new things to go with your new build or renovation, so it's a good time to make sure your contents cover is up to date.

A few questions answered

Why do I need contract works insurance?

Renovation or construction is not usually covered under your house insurance policy because it’s an increased risk. If you're doing renovations that will structurally change your home, please let us know. You may need to take out a separate contract works policy.

My builder says my build will take 3 months. How long should I take a Contract works policy out for?

Delays can happen for all sorts of reasons, including weather, material or contractor availability. We recommend discussing this with your builder and taking out a contract works policy for the most conservative period of time, allowing for any delays.

You can always extend your policy if your build or renovation gets delayed. Just give us a call.

Who can take out Contract works insurance?

We'll cover both homeowners and professional builders wanting to renovate or build their own home.

What can be covered by Contract works insurance?

Got more questions? Call 0800 100 200 or email: business@ami.co.nz.

Got any questions?

We can call you

Request a call-back

To find out more call us on 0800 100 200 and we will talk through with you