Horizon Financial - Free, independent financial advice for people in New Zealand or moving to NZ - insurance

By: Horizon Financial  06-Dec-2011
Keywords: Insurance, Life Insurance, Home Loan

And for anyone coming to live in New Zealand from overseas it will be a relief to discover that insurance here, relatively speaking, is cheap.

New Zealand, whilst not crime free, is not beset with the same socio-political issues confronting many other countries in the present day.

At Horizon Financial we are uniquely positioned to give you the best advice on all your insurance and security concerns, no matter whether you're emigrating to live here, or are already a citizen or resident.

House, Car and Contents Insurance
You can now get a full range of insurance cover from Horizon Financial Limited. Insure your house, contents, motor vehicle, boat and travel. Landlords Protection is also available. Stylecover is a brand that can meet your fire and general needs. At any stage you can insure your belongings, your home, and your car. The Insurers provide first class security for the policyholders and are an internationally recognised insurance group.

Life Insurance
Life cover in New Zealand varies according to individual needs. A typical life policy usually covers the policy holder for around NZ $250,000. The cost, of course, depends on the age and health of the individual concerned.

Mortgage Protection Insurance
A form of life insurance, Mortgage Protection Insurance (MPI) repays the outstanding balance of your mortgage on the death of the mortgagor. Most banks insist on MPI being taken out where the mortgagor's deposit does not meet the bank's minimum criteria. Banks offer their own version of MPI but there are many types on offer from dedicated insurers also. Horizon Financial will advise you on the best MPI policy for your needs.

Family protection
Family protection ideal when both incomes are required to service a mortgage. Should either principal family member die, their life insurance cover will repay the home loan and Family Protection cover will replace the lost income from the deceased family member, for a number of years specified by the insured person. Replacement income of this type is tax-free.

Tips for international travellers
The health system in New Zealand has undergone many changes in recent years, and there are some marked contrasts in the range and type of products available here as opposed to overseas.

For example, there is no Dental or Eye Insurance cover to speak of. It would be wise to get your teeth and eyes checked over before you leave your country of origin if possible.

The information in this article was current at 02 Dec 2011

Keywords: Home Loan, Insurance, Life Insurance

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