NZI
NZI Commercial Property Material Damage
Sum insured basis
Not on file.
Natural disaster cover
Not on file.
BI indemnity period
Not on file.
Settlement basis
Not on file.
Landlord — Mixed-Use Building (Retail + Office)
Building owner of a 2-4 storey mixed-use property — retail-on-ground + offices/apartments above.
Multi-tenant landlord MDBI covers the building structure + common areas. Tenants insure their own contents. Loss-of-Rent BI (12-24 months) is the dominant BI form. Older buildings often carry seismic-strengthening + heritage compliance pressure.
FCIB panel for this scenario
For this operator profile, FCIB typically places business through: NZI , QBE , Zurich New Zealand .
What matters in the wording
For this scenario, the fact keys to compare across the ingested wordings are:
sum_insured_basis— Sum insured basisnatural_disaster_cover— Natural disaster coverindemnity_period— BI indemnity periodsettlement_basis— Settlement basis
Watch out for
- Reinstatement value MUST include current Building Code + seismic-strengthening requirements — heritage / pre-2011 buildings often massively under-insured.
- Loss-of-rent BI calculation needs full annual rent-roll evidence — tenancy gaps create claim disputes.
- EQ-zone classification (TC1/TC2/TC3) drives NZ EQ excess — Christchurch / Wellington landlords pay materially more than Auckland.
Side-by-side wording extract
QBE
QBE Material Damage & Business Interruption
Sum insured basis
Not on file.
Natural disaster cover
Not on file.
BI indemnity period
Not on file.
Settlement basis
Not on file.
Zurich New Zealand
Zurich Material Damage
Sum insured basis
Not on file.
Natural disaster cover
Not on file.
BI indemnity period
Not on file.
Settlement basis
Not on file.
Delta Insurance
Delta NZ Property MDBI (March 2024)
Sum insured basis
Not on file.
Natural disaster cover
Not on file.
BI indemnity period
Not on file.
Settlement basis
Not on file.
Dual New Zealand
DUAL New Zealand MDBI (04.22)
Sum insured basis
Not on file.
Natural disaster cover
Not on file.
BI indemnity period
Not on file.
Settlement basis
Not on file.
AIG
AIG Steadfast Material Damage
Sum insured basis
Not on file.
Natural disaster cover
Not on file.
BI indemnity period
Not on file.
Settlement basis
Not on file.