Rating based on 10 reviews

AMI Landlord Insurance

Updated
  • Reliable Insurance Plans
  • Quick Online Quotes
  • Added Optional Cover

Table of Contents

AMI homepage
Author AMI. Screenshot of AMI website.
[Accessed August 23, 2023]

About AMI

AMI is a leading insurance provider in New Zealand with a rich history of safeguarding New Zealanders against financial loss.

AMI landlord insurance in New Zealand is renowned as one of the country’s most comprehensive landlord insurance products. The company has received an accolade from Reader’s Digest for its stellar performance annually for the past eight years.

Beyond offering a wide range of insurance policies, AMI is dedicated to delivering outstanding customer service. They’re focused on quality service when it comes to your insurance needs. They’ve been a pillar of reliability in the local insurance industry for more than 90 years.

Keeping your valuables protected

They’re dedicated to safeguarding the aspirations of its customers and communities. With a clear vision to create a safer and more resilient society, AMI strives to be the preferred choice for insurance solutions. The company endeavours to provide innovative and customer-centric products and services, ensuring financial security and peace of mind for individuals and businesses alike.

AMI landlord insurance in New Zealand that goes the distance

Founded in core values such as trust, integrity, and transparency, AMI fosters long-term relationships with you while actively contributing to the well-being and prosperity of the nation. Through unwavering dedication and a forward-thinking approach, AMI is a driving force behind the advancement of New Zealand's insurance landscape.

A culture of support

The company prioritises a truly inclusive culture, recognising that greater diversity fosters enhanced imagination. They’re committed to supporting the communities that support them through their sponsorship of a range of community-based projects across New Zealand. AMI is best known for its partnership with Habitat for Humanity. This enables the organisation to continue its important work, namely to enable Kiwis to access healthy, dry, and warm housing.

AMI holds an AA- financial strength rating, ensuring a robust claims-paying ability and reassurance that they’ll be there for you if you need them.

AMI Services

AIM landlord insurance offers a wide range of benefits to provide you with peace of mind.

You can rest assured knowing your property is safeguarded against all risks resulting from renting it out. You get replacement cover for your rental property up to its sum-insured amount.

Benefits of this policy include:

  • Sudden and accidental damage cover for unforeseen incidents caused by tenants such as damage due to water leaks, for example.
  • Hidden gradual damage coverage to the amount of $1,500 for the repair of gradual damage caused by faulty water pipes.
  • Cover for damages to someone else’s property. You’re covered for up to $1 million for damages inflicted on property that doesn’t belong to you. Your tenant’s contents are covered up to $20,000.
  • Natural disaster protection against damage caused by storms or floods. AMI will top up coverage by the Earthquake Commission if repairs cost more than the commission’s limit.
  • Should your property sustain contamination due to meth misuse by tenants, your policy will cover damages subject to landlord obligations and specific conditions.

You can also choose from a range of extra options subject to an additional premium. These include:

  • Landlord contents: You’re protected against accidental physical loss or damage to your own property in the rental house. This cover includes loss when your content is temporarily removed from the rental house for cleaning or renovation purposes.
  • Lost rent: Should your rental house become uninhabitable due to an event, your policy will compensate you for lost rental income.
  • Tenants vacating without notice: In case the tenants vacate the rental property without giving proper notice, this cover pays the actual net rent lost (excluding any property management or other fees) for a maximum period of 8 weeks.
  • Theft or deliberate damage by tenants: You’re protected against loss due to malicious intent.

In addition to Premier Rental Property Insurance, AMI offers another choice called AMI Market Value Landlord Insurance. However, this option solely safeguards the rental property's value in the market (excluding the land) and takes into consideration depreciation.

AMI – Landlord insurance

  • Product Landlord Insurance
  • Repair & Replacement
    Protection for repair and replacement costs, including tenant-caused damage.
  • Storm & Flood Damage
    Protection against storm and flood damage, with additional earthquake coverage.
  • Lost Rent Compensation
    Customise your coverage with options like landlord contents and lost rent compensation.

Benefits of AMI

  • Up to $1,500 coverage for gradual damage caused by faulty water pipes
  • Coverage up to $1 million for damage to property that doesn't belong to you
  • Protection for your tenant's contents, up to $20,000
  • Coverage against damage caused by storms or floods, with top-up options
  • Protection against property contamination due to tenant meth misuse
  • Choose from extra options like landlord contents, lost rent compensation, and more

Qualifying criteria for AMI landlord insurance in New Zealand

To qualify for landlord insurance you have to adhere to the following:

  • You have to be the legal owner of the property or an authorised property manager acting on behalf of the owner.
  • The property should only be used for residential purposes.
  • The property should have a long-term rental contract in place
  • It should adhere to applicable laws and legislation and should be well-maintained.
  • Your claim history will be considered.

Application is quick and easy

  • By registering online for your My AMI account, you get access to a range of self-service options designed to make life easier for you.
  • You can also apply for a policy by phoning the company during office hours. A representative will guide you through your application.
  • Alternatively, you can contact AMI consultants through Facebook Messenger to find out more.
  • AMI also have a chatbot application on their Facebook page.

Documentation required:

  • Proof of ownership of the rental property.
  • Identification documents of the property owner or authorised manager.
  • Lease agreements and tenant information.
  • Information about the property such as location and address, construction type, age of the property, and a description thereof.
  • Your previous insurance policy- or claims history (if applicable).

Read the application forms thoroughly to determine which documentation is required. Additionally, it's always a good idea to have all relevant property-related documents ready and organised before applying for landlord insurance.

Your obligations when making a claim:

  • You must contact AMI immediately after an event to fill out a claim form.
  • In the case of deliberate damage or theft, you must promptly notify the police.
  • You need to take all the necessary measures to prevent any further loss or damage.
  • It’s vital that you adhere to all requests during the claims process.
  • You’ll have to supply all the requested documentation to expedite your claim.

Should you have multiple policies with AMI you’ll only need to pay one excess when claiming on other policies for a single event at the same address. An expert team is available 7 days a week to assist you with any queries you may have. You also qualify for a multisaver premium discount when bundling your AMI policies.

AMI Contact

Contact Number

E-Mail

  • not available

Website

Physical Address

Opening Hours

  • not available