Insurance Services in New Zealand

Insurance services covers brokers and advisers who arrange cover and act for you when something goes wrong. They handle house and contents, vehicle, life and health, plus commercial policies for businesses. Rather than dealing with insurers directly, many people use a broker to compare options and get the wording right for their situation.

Advisers recommending insurance must work under a Financial Advice Provider licence regulated by the Financial Markets Authority, and disclose how they are paid. Most brokers earn commission from the insurer. Ask what is excluded, not just what is covered, since exclusions and excesses decide what you actually get at claim time. A broker who helps run a claim, not just sell the policy, earns their keep.