Commercial Property MDBI Topics — NZ Cross-Insurer Compare

One page per fact-key, comparing every FCIB-panel insurer's wording side by side. Drill into excess options, vehicle value basis, hire-car cover, territorial scope, and more.

• Perils covered

  Defined-perils vs all-risks: how each FCIB-panel insurer scopes the events triggering MD cover. Verbatim per-insurer extracts on what's covered (fire, storm, theft, impact, weight of snow, etc.) and the limits applied to each.

• Sum insured basis

  How each insurer settles a total loss: reinstatement (new-for-old) is the typical default; indemnity (depreciated value) pays less premium but caps payout. Critical for older buildings + plant.

• BI basis + indemnity period

  Gross profit vs insured profit vs standard turnover — each insurer defines BI cover differently. Indemnity periods of 12, 18, 24, 36 months change premium materially. This page compares the BI mechanics across every ingested wording.

• Natural disaster cover

  How each NZ commercial-property wording handles earthquake, volcanic, tsunami, and hydrothermal events. Excess is typically a percentage of sum insured (2-10%) with a $-floor. TC1/TC2/TC3 zone classification drives the rate.

• Sublimits

  Sublimits cap exposure on specific categories regardless of the overall sum insured. Theft, money, customers' goods, signs, debris removal, professional fees — every wording is different. This page surfaces each insurer's full sublimit schedule.

• Exclusions

  War / terrorism / nuclear / cyber / wear-and-tear / faulty design / dishonesty of employees — what every NZ commercial-property wording explicitly excludes. Verbatim per-insurer extracts.

• Money + employee dishonesty

  Money cover (cash on premises, in transit) is typically a small MDBI sublimit. Employee dishonesty/fidelity (staff stealing money or stock) is excluded from MDBI and needs separate Commercial Crime cover. Each insurer compared.