Tower Insurance is a leading insurance provider in New Zealand, known for its wide range of policies designed to protect homes, vehicles, businesses, and more. Established with a commitment to deliver accessible and reliable insurance solutions, Tower offers customizable options, competitive premiums, and a responsive claims process. Here’s an in-depth look at Tower Insurance in New Zealand, covering its core offerings, benefits, and what makes it a popular choice for Kiwis.
Overview of Tower Insurance in New Zealand
Tower Insurance has been operating in New Zealand for over 150 years, providing a diverse selection of policies aimed at protecting individuals, families, and businesses. Known for its transparency, Tower emphasizes straightforward coverage options and strives to make the insurance process easy and accessible. With a focus on digital innovation, Tower’s customer portal, “My Tower,” allows policyholders to manage their policies, make claims, and track claims progress online.
Types of Insurance Products Offered by Tower
Tower Insurance offers a variety of products to meet the unique needs of New Zealanders, including:
- Home Insurance: Tower’s home insurance policies offer coverage for both homeowners and renters. Options include protection against natural disasters, accidental damage, theft, and liability. Policies are flexible, allowing homeowners to tailor coverage to match their property’s unique needs.
- Car Insurance: Tower’s car insurance policies range from comprehensive to third-party-only coverage. Comprehensive car insurance provides protection for accidental damage, theft, vandalism, and weather events, while third-party cover protects against damage caused to other people’s property.
- Contents Insurance: This covers personal belongings, such as furniture, electronics, and valuables, within your home. Contents insurance is available for both homeowners and renters, with customizable coverage to protect against theft, fire, accidental damage, and natural disasters.
- Landlord Insurance: Tailored for rental property owners, this policy covers buildings and landlord-specific risks, such as tenant damage, loss of rental income, and liability protection, ensuring that rental properties remain secure investments.
- Business Insurance: Tower provides insurance solutions for small to medium-sized businesses. Coverage options include property, liability, and interruption insurance, which protect against unexpected events that may impact operations or revenue.
Key Benefits of Choosing Tower Insurance
Tower Insurance offers several standout benefits, making it a preferred choice for New Zealand residents:
- Flexible Coverage Options: Tower’s policies are designed with flexibility in mind, allowing policyholders to adjust coverage levels, add optional benefits, and choose excess levels that align with their budget and risk tolerance.
- Natural Disaster Coverage: Tower provides coverage for natural disasters, including earthquakes, storms, and floods. This is particularly valuable in New Zealand, where weather events and seismic activity can impact property.
- Online Claims and Policy Management with My Tower: Tower’s customer portal, My Tower, offers policyholders a convenient way to manage their insurance online. Policyholders can review and modify policies, make claims, and track claim status through the portal, enhancing convenience and transparency.
- Multi-Policy Discounts: Tower offers discounts for customers who bundle multiple policies, such as home, car, and contents insurance, providing added savings and simplifying insurance management.
- 24/7 Claims Support: Tower’s claims team is available around the clock, ensuring that policyholders receive prompt assistance when they need it most. The streamlined claims process is designed to minimize stress and provide clear communication at every stage.
Tower Home Insurance Options
Tower offers several home insurance policies to protect homeowners, renters, and landlords:
- House Insurance: Designed for homeowners, this policy covers damages caused by natural disasters, fire, theft, and accidental damage. Policyholders can add extra benefits, such as temporary accommodation costs, to ensure minimal disruption in the event of a claim.
- Contents Insurance: Tower’s contents insurance covers personal items within the home, such as electronics, furniture, and valuable items. Coverage includes accidental damage and theft, with flexible options for renters and homeowners.
- Landlord Insurance: Tailored to rental property owners, this policy includes building cover along with coverage for landlord-specific risks like tenant damage and loss of rent. Additional liability protection ensures landlords are safeguarded against potential legal claims.
Tower Car Insurance Options
Tower’s car insurance policies cater to a range of driving needs, with three primary options:
- Comprehensive Car Insurance: This policy provides extensive coverage, including accidental damage, theft, fire, weather damage, and third-party liability. It’s ideal for those seeking full protection for their vehicle.
- Third Party, Fire, and Theft Insurance: This mid-level policy covers damage to other people’s property, as well as protection for your vehicle in the case of theft or fire.
- Third Party Property Only: This basic policy covers damage you may cause to other people’s property or vehicles but doesn’t cover damages to your own vehicle.
How to Get a Quote and Apply for Tower Insurance
Applying for Tower Insurance is straightforward, with online and phone options available:
- Visit the Tower Website: The website provides easy access to quotes for various policies, allowing you to compare options and choose coverage that suits your needs.
- Get a Quote and Customize Your Policy: You can request quotes online by entering details about your property, vehicle, or business. Tower’s online tools help you customize your policy by adding optional cover or adjusting the excess.
- Speak with a Tower Agent: If you prefer personalized assistance, Tower agents are available to answer questions, explain policy details, and help finalize your coverage.
- Manage Your Policy with My Tower: Once you’ve signed up, you can manage your policy through the My Tower portal, making it easy to update details, pay premiums, and review coverage.
Conclusion
Tower Insurance is a reliable choice for New Zealanders seeking comprehensive and customizable insurance options for their home, car, business, and contents. With flexible policies, natural disaster coverage, and a user-friendly online platform, Tower stands out as a modern insurer committed to transparency and customer convenience. Whether protecting your home, vehicle, or rental property, Tower Insurance provides valuable peace of mind, ensuring that your assets are safeguarded against life’s uncertainties.
