Lloyd’s of London

Nearly half of all New Zealanders use an insurance broker to help them with their personal/business insurance requirements. Any time you need one, a good insurance broker will assist you to assess your needs and risk, prepare quotes, choose a suitable insurance provider, navigate the insurance application process, and manage your insurance effectively during the life of the policy.

Personal Insurance

Lloyd’s Insurance have access to a comprehensive range of life and disability insurance is designed to help take care of your family when you can’t.

There are many risks you face during your lifetime, but the most serious ones you will face are death, disability and serious illness. These risks affect you and your family’s ongoing financial obligations especially if you die or are no longer able to work. Your key assets are more than just your material possessions such as a house or business. They also include your ability to earn an income and provide security and financial independence.

Your Lloyd’s Insurance Adviser will assess your situation and help you select the right insurance based on a range of factors including the size of debts, size of your family, your budget and your lifestyle.

Included in your personal assessment is a fast and accurate comparison of suitable products from the huge range available from major insurance companies.

Lloyd’s of London Products

Life Assurance

Every day you face a wide range of risks to your personal well being and lifestyle. Life Assurance helps you minimize the financial impact of death or terminal illness. Life Assurance is designed to provide security for a wide range of financial commitments by paying a lump sum on your death. This essential form of protection is used for a variety of purposes: Mortgage commitments, Personal debt, such as loans or credit cards, ,Security for business obligations, Provide a lump sum to fund your family’s future lifestyle, in the event of your death. Life Insurance is a essential part of your estate planning.

Trauma Protection

Trauma Cover will pay a lump sum if you suffer from one of a number of critical illnesses and conditions.

Income Protection

Your ability to earn an income is your most important asset. If disability prevents you from working, have you protected your earning power? Income Protection provides a replacement income of up to 75% of your pre-disability earnings, indexed to inflation.

Mortgage Protection

Mortgage Protection Monthly Mortgage Repayment Cover – for your own residence or rental properties. Your monthly benefit becomes payable should you become totally unable to work due to sickness or injury. Your maximum monthly benefit is the lower of 110% of your mortgage repayments and is not off set by ACC.

Business Insurance

If you are off work with a serious illness, it is important to know that your business can continue to operate without you. The unexpected death or illness of a business owner or key person can have a major negative impact on the business.

It is important to make sure that a contingency plan is in place to ensure that your business can continue to run without you. We have a number of advisers who are trained in business insurance and can provide the best products to suit you and your business needs.

Your Lloyd’s Insurance Adviser will assess your situation and help you select the right insurance based on a range of factors including the size of debts, size of your family, your budget and your lifestyle.

Included in your personal assessment is a fast and accurate comparison of suitable products from the huge range available from major insurance companies.

Key Person Insurance

Key Person Cover will pay a business an agreed benefit for up to two years if a key person is totally disabled because of a continuing sickness or injury.

Business Expenses Insurance

If you have a small business or are in a partnership, Business Expenses allows you to claim the costs associated with the running of your business, if you are unable to work due to illness or injury.

Shareholder Protection Insurance

Many small to medium size businesses rely on the complementary skills and abilities that shareholders bring to a business for day-to-day survival. Shareholders often undertake considerable personal financial commitment, bear the increasing responsibilities of compliance and invest much time and expertise in planning for the ongoing success of the business. What happens if a shareholder die or becomes disabled and unable to work, can you afford to be working with the beneficiary’s of the shareholders estate?

Match your Situation with the correct Insurance for your family’s needs

For a personal Insurance assessment that will match your situation to the Insurance products which are in your best interest, talk to your local Lloyd’s Insurance Adviser, or call us at any time on 07 572 1599 (+64 7 572 1599).

Health Insurance

Why get health insurance?

Health insurance gives you options so you can get treatment for qualifying medical conditions quickly. It helps you avoid public hospital waiting lists, and gives you choice over when and where you have your treatment.

You can get an indication of how much some common medical procedures cost here.

The New Zealand Health System

Living in New Zealand certainly has its health benefits – a public hospital system that will look after you in an emergency and the ACC insurance scheme that steps in when you injure yourself accidentally. Plus, for those who want extra choice and certainty there are many private healthcare providers, who you can seek treatment from directly or via your private health insurance.

What can the public health system do for you?

The public health system provides emergency healthcare for New Zealand citizens. If you’re ill with an acute, life-threatening illness or are seriously injured in an accident, you should call an ambulance, contact your doctor immediately or go to your nearest accident and emergency clinic.

What if your condition isn’t acute?

If your medical condition isn’t acute, you should make an appointment with your usual doctor. If you’re not registered with a regular doctor, you can visit any health service provider. They may be able to diagnose and treat your condition or they might refer you to a specialist health service provider.

Health insurance could help here: If your health insurance policy allows it, you might be able to claim for the cost of your doctor’s appointment.

When does ACC apply?

If the doctor decides that your health condition or injury is the result of an accident, you will be processed by the Accident Compensation Corporation (ACC). See www.acc.co.nz for more information.

What if you need specialised help?

Your doctor may decide that specialist help is needed to help diagnose and/or treat your condition. Some doctors concentrate on speciality healthcare services. Some examples are ophthalmologists (eyes), orthopaedics (muscles and skeleton) and oncologists (for cancer).

Health insurance could help here: If you have private health insurance you can choose which specialist health service provider you’d like to see and make an appointment for a time that’s convenient to you. Once an appointment is booked, you can ask your doctor to forward the relevant case notes and test results to this specialist health service provider. 
If you don’t have private health insurance, depending on the demand in the public health system, you may have to wait for an appointment. The priority assigned to your case and the length of the waiting list in your region will determine how long you have to wait. You won’t normally be able to decide which specialist health service provider you see or the time and place of your appointment.

At Lloyd’s Insurance we recommend the two best health insurance providers, nib and Partners Life. For businesses looking to offer group schemes we can offer a choice of providers. Please click on the links to read more about each scheme.

  • AIA Real Health
  • Partners Life
  • nib Health Insurance
  • Southern Cross Group Insurance

Your Lloyd’s Insurance Adviser will assess your situation and help you select the right insurance based on a range of factors including the size of debts, size of your family, your budget and your lifestyle.

Included in your personal assessment is a fast and accurate comparison of suitable products from the huge range available from major insurance companies.

Match your Situation with the correct Insurance for your family’s needs

For a personal Insurance assessment that will match your situation to the Insurance products which are in your best interest, talk to your local Lloyd’s Insurance Adviser, or call us at any time on 07 572 1599 (+64 7 572 1599).

Finance

Home Loans

Your home loan is the biggest financial commitment you will make in your life so it’s important to get it right. Your Mortgage broker will assess your situation and help you select the right home loan based on a range of factors including the size of the loan you require, the property you intend to purchase, the deposit you have and your lifestyle.

Included in your personal assessment is a fast and accurate comparison of suitable home loans from the huge range available from major banks and specialist lenders.

Speak to us as Lloyd’s Insurance about how we can help you ensure you have the right home loan.

Standard variable rate home loans – floating rate home loans

Standard variable rate home loans are gaining in popularity in New Zealand because of falling interest rates and their flexibility. The interest rate applied to a standard variable rate loan fluctuates over time depending on the official Reserve Bank interest rate and your bank’s interest rate settings.

Fixed rate home loans

Fixed rate home loans are where the interest rate and loan repayments are fixed for a set term, usually between six months and 5 years, and still form the majority of mortgages in New Zealand. If you require certainty of repayments, a fixed rate loan will suit you. At the end of a fixed term the loan will roll over into a standard variable rate home loan, unless you have negotiated something different with your bank.

Combination or split home loans

Combination or split home loans enable you to take part of your loan as a variable rate loan and the remaining portion as a fixed rate loan. Use this loan to take advantage of the flexibility of variable rate loans and the certainty of fixed rate loans. Combination/split loans are ideal if you want some repayment certainty but the also the option to make additional repayments to reduce your loan balance.

Line of credit – revolving credit

A line of credit or revolving credit home loan is a loan facility secured by a residential property, which allows you to withdraw funds up to a set limit at any time. Generally a line of credit is an interest-only loan, and in some cases you may be able to capitalise the interest payments. Investors often use this type of loan, particularly when expanding a property portfolio. Interest rates are usually higher than for a standard variable home loan.

Low documentation and no documentation loans

Low Documentation, or Low Doc, home loans require very little or no income documentation to secure approval. The less documentation you provide, the higher the interest rate on the loan is likely to be. They are ideal for self-employed borrowers.

Non-conforming loans

Non-conforming home loans are designed to meet the needs of borrowers who do not meet the criteria of mainstream lenders, including those who are credit-impaired, older borrowers, new residents and seasonal or casual workers.

Personal loans

Personal Loans could be required for a large variety of reason, a new car, a holiday, maybe to pay off your student loan? The list is endless, speak to us a Lloyd’s Insurance about how we can help you achieve your goals.

Match your Situation with the correct Insurance for your family’s needs

For a personal Insurance assessment that will match your situation to the Insurance products which are in your best interest, talk to your local Lloyd’s Insurance Adviser, or call us at any time on 07 572 1599 (+64 7 572 1599).