New announcement. Learn more

Blog Articles

ExerciseNvidiaDemographicsMillieAIRPAAgingJewelleryScam investmentInvestment fraudInvestment fraudsScamsCyclonesFloodingInsurance premiumsInvestment managerArtesianOrgans on a chipManaging household moneyCouplesTravel insuranceTravel cardTravelPlastic WasteStewartCollaborative engagementBest Ethical Financial AdviserAwardHuman skinCrash test dummyAkzo NobelBieresdorfUnileverThe 3 R'sAnimal crueltyAnimal testingSyndicated propertyWholesale investorBreast cancer, mammogramGender diversityDiversity40:40 vision30% clubFemale leadersOutlookIndicatorsRecessionFossil FuelsWomenChildrenCyberVisaMagellanDEIDiversity, equality and inclusionGHG emissionsNet ZeroNorway Oil FundEngagementActive EngagementWealth protectionPasswordsBank of mum and dadBank loansBull marketReparationsVolunteeringB-corpGarden festivalCompensationClimate changeBuilding portfolioPortfolioBusiness as a force for goodB corpFinologyNanukPlasticPackagingEsg investingFear of missing outConfirmation biasBehavioural financeRetirement villageEsg ratingsSustainableWalking the talkProxy votingVotingAwardsBear marketEthical preferencesIndependent informationGreenwashingNastiesGMODonationsMindful MoneyRIAAWarEthicsAuctionImpact InvestingCyber securitySustainable InvestingResponsible InvestingMarketTimingCoronavirusCovidAiaCignaEthical investingEsgEnvironmentActivePassiveEPAProperty Relationship ActTax returnWearable DeviceArtificial IntelligenceUnderwritingDNA TestingGenetic TestDe Minimis ExemptionFair Dividend TaxForeign Investment FundTax ratesKiwiSaver feesChinaBrightline TestEQCAdvice FeesInvestment feesJunk InsuranceWarrantiesConsumer Guarantees ActRetirement IncomeNew Zealand SuperannuationBridgesFitness CoachingWellnessSally MellorInvestment PropertyTenantLandlordRental PropertyCar RentalCar InsuranceRelationship BreakupProvisional TaxBeanyAccountingTrust DeedBeneficiaryTrust ActTrustSkin cancerProstate cancerMelanomaLung cancerCervical cancerCancer mythsFirst home buyerOpinionFactsSwindlerScamTreasuryVolatilityDollar cost averagingFamily trustsResearchMilfordInvestor confidenceFMAInvestment assumptionsTerm depositsKiwisaver monitoringKiwisaver comparisonStress freeHolidaySecurityBanksTax refundRiskReturnInvestingGreedFinance companiesContents insuranceOwing moneyCredit cardCredit cardsPropertyExpertsBubblesBorrowingLendingFloatFixMortgageLoansInterest ratesFinanceBrokingLegislationForeign superWordingOmbudsmanHouseCoverContentsBalanced fundSchooling costsEducationCredit ratingsTradingSecondary marketTerminologyFixed interest investmentFixed InterestLegalGuarantorUk pensionPension transferSpendingChristmasConsumer behaviourUK Pension TransfersQROPsInvesmtentWays to dieInsurance claimsWinz#residential care#assetsTrustsResidential care subsidy#residentialcaresubsidy#gifting#familytrustsSavingsLottery#bonusbondsSpecific injuryCase stuffyTrust expensesEstate planningAsset protection#trust#family Trust#incomeprotectioninsurance#incomeAdriennes storyQuizLife expectancyLVR ratioHouse depositBorrowing to buy a house#firsthomebuyerKiwisaver returns#kiwisaver feesReitrement savingsFirst home buyersUncategorized#financialplanningPersonal financesFinancial management#personalfinances#mortgages#finances#fidelity#kiwisaverperformance#redundancy insurance#incomeinsuranceRetirement ageJohn KeyFirst home buyer withdrawalKiwisaver rulesFirst home buyer grantUnclaimed moneyMoney refundsPortability superBringing home KiwiSaver#australia KiwiSaverInsurance #insurance#homeinsurance#liability#insurance claim. Insurance claim#income insurance protectionFirst home grantDumb ways to dieUnder 18 years oldTax creditTrans-tasmanPortabilityAustraliaAsteronRisk profilesMoving funds#changing kiwisaver managersInvestment returnsTibTerminal illness benefit#claim#sil#kiwisaver analysis#shares#mighty river power#electricity#partners lifeTrusteeSafety of KiwiSaverFunBeerCredit ratingBad debtTax rebateInvestment advice#retirement planningLapseExpensesFighting fundEmergency cashRipping off elderlyFinancial planingPass backUnit pricingGareth morgan#Medical Assurance Society#MAS#investment analysis#travel insurance#insurance claimFinancial planningBudgettingReporting#insurance commissionInsurance commissions#commissions#career in insuranceSouthern crossClaimingInsurance excessesRussiaJohn clarkeHumourGfcCyprusHome insuranceEarthquakesCrisisStand down periodPolicy wordingChurningContributions holidayTaxesPayrollEmployer contributionsEsctEmployee contributionContribution holidaySil kiwisaver. westpacKwiisaverBitAsset allocationAsbAnzAwarenessReturnsPerformanceProstate canerWillsRelationship PropertyPlanningLegal AgreementsLawyersDivorcePremiumsTowerFund ManagersFisherKiwibankDefault schemesBnzAMPPetsPet insuranceMoney managementBudgetsHouse insuranceFire and general insuranceAccChilds trauma insuranceChilds traumaProtectionFund managerClaim trauma insuranceTotal and Permanent Disablement InsuranceOnePath LifeClaimsSmokingSmokers ratesInsurance researchInsurance analysisImageFree quotesSavingMoneyInfographicInflationVideoTpd insuranceTPDSovereignDisabilityCase StudyAxaHeart attackLoveIncome protectionCancer insuranceBreast cancerTerranovaMinimum wageEmployer contributionTraumaIncome protection insuranceCancerSortedRisk profileRetirementOnepathInvestmentsWestpacBTWho can joinRetirement savingsFuneral plannerFuneralDyingDeathTrauma insuranceLife InsuranceInsurance News & ViewsInsuranceIncome insuranceHealth insuranceDisability insuranceUS citizenRetiring to live in new zealandInvestmentFATCAReturning to new zealandRetiring in new zealandMember tax creditKickstartTransitional residentTaxationRetiring to new zealandNew migratnFifFdrDe minimisSuperannuationRetiringNZ superannuationNew zealandEligibility for NZ SuperMorningstarInvestment ReturnInvestment performanceFund sizeFeesTaxPIRPIEMoney News & ViewsIrdMinimum contributionKiwiSaver News & ViewsKiwiSaverContributions1 April 2013

What does the weather and natural hazards mean for your house insurance premiums?

Cyclones, Floods, Heatwaves, Fires, Droughts.  These are all the side effects of the global climate changes.  We have seen the first three in New Zealand during 2023, but we have also seen the other two in different years.

The health hazards from the smoke from fires, and the destitution from droughts hit people all over the world, as do floods and temperatures for days in the range of 40° to 50°.

But floods, cyclones and the rising sea levels (as more polar ice melts each year) may directly impact on your home. When these events are combined with the likelihood of an earthquake or volcanic activity in various parts of New Zealand, your location and risks will soon be reflected in your insurance costs.

I have written before about the rising fire & general insurance premiums, and the importance of ensuring that your house is properly insured in light of increasing house values and building costs.  See the November 2022 article here.

But. following those increases, insurers are now changing their pricing models so that they are targeting the most risky areas from a climate related and natural hazards perspective.  New Zealand insurers have previously insured equally based on property size regardless of the location.

It is estimated that house insurance premiums will rise by 20%+ on average this year ( - Paywall locked)

According to Stuff (see the full article by clicking here), the most difficult and costly places to get your house insured are listed below. Using a model single-storey, brick and tile property, with a sum insured value of $700,000 the article illustrates the difference in premium for each higher risk location).

Wellington (earthquake - 10% risk of a major rupture in the next 100 years and tsunami risk).  Cost through Tower, Wellington pa $3,240 vs Auckland (Mt Wellington) $1,825.

Marlborough Sounds (Flood, landslide and topography and isolation making accessibility and rebuilding costs difficult).

Whangarei (cyclones, flooding, rising sea levels, landslides).

Porirua (Earthquakes - also built on a fault-line, the Ohariu Fault and the moonshine fault, sea level rise, storm surges.)

Hutt Valley (Seismic activity and flood risk). Upper Hutt $2,357 with AMP and $4,214 with Initio (vs $1,825 in Auckland).

Westport (Build on a floodplain, flooding)

Hawkes Bay (Flooding and earthquakes)

Stuff followed this up with another article which you can read here.  This article is talking about insureres refusing to renew cover.  Unlike the bulk of life/trauma/health insurance/income protection insurance policies, fire and general insurance is issued on a yearly renewable basis.  This means that insurers can just refuse to reissue your cover any year. At present, they will mainly do this if you have a moral risk (eg a conviction that means that they don't want to cover you).

One example in the article was that because the flood and hurricane risk in Florida is so high - for those people who could still get insurance cover, the average cost was US$7,783 pa (or NZ$ 13,300).


This is a real and important issue, as to get a mortgage, you need to show that you have house insurance in place.

It is likely to be well worth shopping around for cover, but remember, it isn't just the premium that is the important thing. You need to make sure that you have good quality wording and cover.  We have a reliable fire and general insurance broker that we can refer you to if you would like alternative quotes - we have found that they are outstanding when you have a claim, and they do their best to get the best value option for your situation.

If you would like an introduction, email us on and we will organise a referral for you.


This product has been added to your cart