Insurance cover designed for New Zealand farmers

AMP Agriplan is designed to satisfy the unique insurance needs of New Zealand farmers.

If your farm is hit by a disaster such as a fire, flood, tornado, earthquake or snowstorm, the right insurance package can help you get back to the business of farming.

We understand the potential for legal liabilities and loss of farm income and we can tailor your insurance to fit the unique requirements of your farm. Whether it’s insurance for farm assets and vehicles, farmer’s liability and interruption, machinery breakdown or your home, contents, private motor, boat – AMP Agriplan can cover it.

Agriplan can even provide for your livestock, farm dogs and horses.

Important changes to rural insurance

From 1 July 2013, AMP and most other New Zealand insurers are changing the way we insure homes and farm buildings. Previously, replacement cover was based on square metres. Replacement cover will now be limited by your sums insured.

This means if you make a claim for your home or farm building which is covered by your policy, you will be paid the cost to rebuild up to the specified sum insured. So it’s important that your sums insured are enough to cover the true cost of rebuilding your home and farm buildings.

So what do you need to do?

Start estimating the cost to completely replace your home and farm buildings. To help you with that, you can seek independent advice from a quantity surveyor, builder, architect or registered valuer (ensure the valuation is for insurance purposes and does not include any market value component or land value).

For your home, you can also use the online calculators provided by Cordell, which will give you an estimate based on the information you provide. Please see our Changes to Home Insurance page for more information and to use the calculators.

How do I find out more?

For more information please contact us.

A disclosure statement is available from your AMP Adviser, on request and free of charge.

This information is general in nature only. It does not constitute a recommendation, opinion or guidance as to the sum insured figure that is appropriate for your individual circumstances. It does not constitute a recommendation, opinion or guidance as to the relative merits of the current replacement cost insurance cover versus the new maximum sum insured insurance cover. This information does not take into account your particular financial situation, needs or goals, or tolerance for risk. While every effort has been made to ensure that the information is accurate, you should not rely on this information to make any financial decision.

AMP’s general insurance products are underwritten by Vero Insurance New Zealand Limited.