Classic vehicle insurance in New Zealand.

If your classic car or classic motorcycle is involved in a total loss claim (for example, if it is stolen or if it is written off in an accident) and you have an Assurant Policy with an Agreed Value Sum Insured, then the Sum Insured amount that is noted on your current Policy Certificate is the figure that will form the basis of your payout.

To check if your policy is Agreed Value, refer to your Policy Certificate (which you would have received in the post shortly after taking the policy out with Assurant) or your latest Renewal Notice (which is sent to you each year when your policy comes up for renewal). Or, you can call us on 0800 776 832 or email nz.contact@assurant.com and we can advise you on any aspect of your policy.

Please note that there may be additional amounts deducted from your pay out. For example, your excess may be deducted if the claim is deemed to be an “At-Fault” accident where your actions contributed to the cause of the crash. Also, if you have been paying for your insurance premium by instalments, then the remaining instalments for that year’s premium will also be deducted from your pay out.

Please also be aware that you have certain responsibilities in order for the Sum Insured to become Agreed Value for your insurance policy. Please see the separate FAQ titled "How does my classic vehicle insurance policy become Agreed Value?".