Increase in Home and Household Contents Excess

To help balance pricing increases and to ensure the long-term sustainability of the Mutual, we have increased the standard excess for our Domestic House and Contents policies. The new excesses will automatically update on your policy renewal date.

The new standard excesses are:

 Previous ExcessNew ExcessDifference
Employee House$550$650+$100
Rental House$550$650+$100
Household Contents$300$500+$200

If you have currently selected a $500 or $650 voluntary excess, this is now the standard excess. If you currently have a higher voluntary excess your excess will remain the same. We have reviewed premiums in line with the new higher standard excesses.

To provide more options to help manage your premiums, a new $750 voluntary excess is now available for Household Contents – you can amend your excess via FMG Connect or contact us.

Fire and Emergency Levy Increase

For renewals and new business from 1 July 2024, the FENZ Levy rate has increased as follows:

 Current RateNew Rate
Domestic BuildingsMaximum of $106 per dwellingMaximum of $119.50 per dwelling
Domestic ContentsMaximum of $21.20 per addressMaximum of $23.90 per risk
Vehicles with a gross laden weight (GLW) 3.5 tonne or under$8.45 per vehicle$9.53 per vehicle
Other Property0.106% of sum insured0.1195% of sum insured

Note: the above rates are exclusive of applicable GST

The FENZ levy is used to fund Fire and Emergency New Zealand, so that they have the resources to respond to fires, floods, vehicle incidents, animal rescues, and more.

We are required by law to collect the levy and pass it on to FENZ. You can find more details of the FENZ levy rate changes on the FENZ website.