about Your premiums
At Vero we strive to develop insurance policies that are accessible to as many New Zealanders and their businesses as possible. But it’s equally important that they are priced in a sustainable way, ensuring we’re able to support our customers both now and in the long term. Many factors are taken into account when determining insurance premiums including:
- Factors that are individual to you or to the item you are insuring
- Levies and taxes
- External factors such as inflation
- Reinsurance costs
We’re working with local and central government, businesses, and banks to better understand the increasing impact of a changing climate on our communities and determining how this can best be managed.
We’re doing this with the awareness that the choices we make today about managing risk, including climate risk, will ensure the sustainability and longevity of affordable insurance cover for the next generation, and the future sustainability of New Zealand.
- Selecting a higher excess
- Review your optional benefits.
- Explore flexible payment options
- Check if you’re eligible for any discounts.
It’s easy to let your insurance cover automatically renew each year, but we strongly recommend you take the time to review your cover to make sure you are fully covered in case the unexpected happens. There are some easy tools to help you work out how much cover you may need.
The information contained on this page is a general summary and is for information only. Some of the information may relate to only some of Vero’s policies, but not to others. The information is not personalised to your situation and is not a recommendation to obtain insurance, or a particular type or level of cover. This information is not financial advice. You should consider your own circumstances and consult a broker or financial advice provider for individualised advice.
If you’re facing financial hardship and aren’t able to pay your premium, or you’d like to discuss your payment options, contact your broker, adviser or call us on 0800 505 905 and we’ll do our best to support you.