Contract Works Insurance

You expect to be the best in your profession so why wouldn’t you expect the best from your insurance company?

If you already have a House Insurance policy with MAS and you’ve made the decision to renovate or build a new home, we’ll support you through every stroke of the hammer. With solutions that will protect your investment while the work is completed, you’ll be able to enjoy the building process – without worrying about your insurance cover.

We are proud of the strong reputation we have established for an empathetic and top quality claims service.  Our insurance has wide-ranging benefits, meaning you’ll never need to worry about whether you’re covered or not.

Our policies are written in language that’s easy to understand and we’re always happy to answer any questions you may have about this important agreement between us.

Policy Cover at a Glance

• Damage to Structures in Construction
  We’ll provide cover for sudden accidental loss to the insured property during construction – this includes flood, storm, earthquake and fire among other events.

• Materials on Site
  We cover materials, supplies, furnishings and other property that is to be incorporated or installed into the building, including those supplied by you or others.

• Materials in Storage
  We cover materials, supplies, furnishings and other property that is to be incorporated or installed into the building, including those supplied by you or others while they are being stored away from the site.

• Transit of Materials
  Your construction materials are covered while they’re in transit anywhere in New Zealand, as long as they’re intended for part of the work you’re undertaking.

• Professional Fees
  If a loss covered by the policy does happen, we’ll pay the reasonable costs for professionals such as architects, engineers and surveyors to get things up and running again.

• Increased Costs
  We understand that things can change between the time the contract is signed and the building completed. Our policy will provide cover for unexpected variations or fluctuations to the contract price, and increased costs following a loss.

• Demolition and Disposal
  If the site needs to be cleared following a loss covered by the policy, we’ll also pay the costs associated with any demolition work and the disposal of waste and debris.

• Damage to Existing Structures
  If making alterations to an existing house or outbuilding, we’ll provide cover for sudden accidental loss to the portion of the building being worked on. The original structure will be covered by your existing MAS house policy. This will mean both your house and the alterations will be covered.