SumExtra with AMP House Insurance

Extra house insurance cover for more peace of mind and no additional cost with AMP Home Plan and Agriplan.

What is SumExtra?

SumExtra is a 'top up' cover that makes your AMP Home Plan - Maxi cover and AMP Agriplan - Maxi home insurance go further. It provides extra financial help if the cost of repairs or replacement for your house are ever more than your Sum Insured. Here's how SumExtra works:


If your home is damaged or destroyed by fire or other non-natural disaster events, SumExtra makes sure you're completely covered for full replacement or repair costs - even if they are higher than your Sum Insured.
If your home is damaged or destroyed in a natural disaster (earthquake, natural landslip, volcanic eruption, hydrothermal activity, tsunami or fire resulting from any of these) and the cost of full replacement or repair is more than your Sum Insured, SumExtra will pay up to 10% more than your Sum Insured.

How do you get it?

You start by getting an accurate written replacement cost estimate through a registered valuer or by using Cordell residential value calculators (more about that below). The estimate needs to be less than three years old. Make sure you keep a copy of your replacement cost estimate or Cordell calculator result with your AMP Home Plan or Agriplan policy in a safe place, as you may need it if you ever have to make an insurance claim. Then you set your Sum Insured to be at least that value. With those things done, SumExtra is automatically yours under an AMP Home Plan - Maxi cover policy and AMP Agriplan - Maxi cover policy.

How do I get a replacement cost estimate?

Builders holding an appropriate trade licence, registered quantity surveyors and registered valuers can provide you with a written replacement cost estimate. There is usually a charge involved. Alternatively, you can use the free online calculator below provided by Cordell. Keep a copy of your replacement cost estimate or Cordell calculator result with your AMP Home Plan or Agriplan insurance policy in a safe place, as you may need it if you ever have to make a claim.

  • Standard Cordell Online Calculator gives an estimate based on detailed information about your home. This may be more accurate than the Express Cordell Online Calculator.

Why would you want it?

As we all know, construction costs can be hard to button down to the last dollar. Even the most carefully calculated Sum Insured might not match actual repair or replacement costs. SumExtra is AMP's way of helping prevent you ending up with less house after a disaster.

If you extend or improve your home, get your Sum Insured updated to ensure it matches the new estimate.

Contact an Adviser

If you have questions about SumExtra or Sum Insured, we recommend you contact our Kerikeri or Kaitaia office to chat with one of our Specialist Financial Advisers.

A disclosure statement is available from your Adviser on request and free of charge.

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We offer a wide range of Insurances including tailor made options to best suit your unique situation.

We pride ourselves in providing financial security for our clients.

Unexpected events do occur and we are here to make sure our clients are protected from all that life may throw at them.

We understand that making a claim often comes at a challenging and traumatic time. You can rely on us to take care of your claim so that you can put your time and energy into getting back on track.