Lantern Insurance

Lantern Insurance serves as a respected division of IAG New Zealand Limited (IAG), an industry leader in insurance services.

They’re dedicated to customer satisfaction,  and have an innovative approach for a safer world for you as their client. Lantern makes use of the knowledge and resources of its partner IAG to deliver comprehensive insurance solutions to suit everyone. 

Financial strength and security 

This insurer proudly showcases its financial stability and resilience, earning an esteemed AA- financial strength rating from the reputable rating agency, Standard & Poor's (Australia) Pty Ltd. This impressive rating gives you peace of mind, equally impressive is the report from the Reserve Bank of New Zealand, which shows they have an impressive solvency ratio of 150.1%.

Having your insurance policy with a financially robust insurance company is crucial for several reasons

• A financially stable insurer has the capacity to honour your claims promptly and effectively, which provides the necessary financial support during unforeseen events.
• Secondly, a strong financial position ensures the long-term sustainability of the insurance company, which reduces the risk of insolvency or an inability to meet future obligations.
• Lastly, a financially robust insurer often demonstrates a track record of sound risk management practices, which indicates their ability to weather economic downturns and maintain stability in the face of challenging circumstances.

Comprehensive coverage solutions 

This insurer offers an extensive range of insurance products designed to protect valuable assets and provide peace of mind. They can help you if you’re looking for insurance coverage for your home, belongings, vehicles, caravans, trailers or boats. This innovative insurer even offers protection for house renovations or new domestic building work.

Every person has different needs, which is why they’ve got different solutions to meet your specific requirements. They also have specific packages for motorcycle enthusiasts and small business owners. Their specialised mechanical and electrical breakdown warranty product offers extra protection for vehicles, allowing you to drive with confidence.

What does Lantern Insurance stand for?

This insurance company stands for dependable coverage, financial stability, and a steadfast commitment to safeguarding what matters most to you. With their comprehensive range of insurance products and unwavering dedication to customer satisfaction, they stand ready to support you both today and in the future.

Lantern Insurance offers three cover options for their customers: Full cover (FC), Third-party, fire & theft (TPFT), and Third-party only (TPO). Each cover option provides different levels of protection and benefits. 

Lantern car insurance cover options 

1. Full cover (FC)

• Provides comprehensive coverage for sudden and accidental loss to the car during the period of insurance in New Zealand.
• Covers accidental loss caused by fire, theft, natural disasters, and other incidents.
• Includes benefits such as legal liability coverage, protection against uninsured drivers, road clearing costs, towing costs, and transport costs.
• Additional benefits include coverage for accidental death and permanent disablement, accommodation costs, alternative transport, caravan contents, and electrical or electronic hardware or system.

2. Third-party, fire & theft (TPFT) 

• Offers limited coverage for accidental loss to the car caused by fire, theft or natural disasters.
• This insurance policy gives you complete coverage for any legal responsibility you may have, protection in case you're involved in an accident with an uninsured driver, coverage for the costs of clearing the road after an accident, assistance with towing expenses if your vehicle breaks down, and coverage for transport costs if your vehicle needs to be moved
• Includes benefits for accidental death and permanent disablement, with specific amounts for different events.

3. Third-party only (TPO)

• Provides coverage for legal liability, including protection against uninsured drivers and road clearing costs.
• Does not cover accidental loss under the "Accidental loss" benefit.

Other services and benefits offered by Lantern Insurance

• Waives excess and protects the no claims bonus if an identifiable driver of another vehicle causes a covered loss.
• Covers the replacement cost of lost, stolen, or duplicated keys and locks.
• Covers legal liability, legal costs, and legal expenses arising from accidental loss to others' property or bodily injury caused during the use of the insured vehicle.
• Covers liability while the car is being used for towing (excluding financial gain or reward).
• Covers the employer's vicarious liability when the insured or another employee uses the car for business purposes.
• Covers general average or salvage charges incurred when the car is carried by ship between places in New Zealand.