SumExtra from Vero is the first benefit available that truly addresses the underinsurance risk posed by policyholders failing to accurately measure the cost of rebuilding their home.

If your existing house insurance is with Vero, it costs you nothing to upgrade to SumExtra. See below for more details about how to activate it on your policy, or we welcome you to give us a call or email us for help. If you are interested in changing your house insurance to SumExtra, get in touch with an Insurance People adviser.

SumExtra with Vero

Up to 10% extra cover for natural disasters: With SumExtra, if your home is damaged or destroyed in a natural disaster(1) and your Sum Insured cover isn’t enough to pay for the repair or rebuild, you will receive up to 10% more cover.

Repair or replacement otherwise: If the loss to their home is caused by an event other than a natural disaster, with SumExtra you’re covered for the repair or replacement of your home even if the cost exceeds the Sum Insured amount.

Getting SumExtra: It costs nothing to get SumExtra and there’s no need to sign up for it.
Most Vero home policyholders can take advantage of SumExtra(2). You just need to use the Cordell Calculator or a suitably qualified professional(3) to estimate your home’s replacement cost, then use this to set the Sum Insured value.

The Sum Insured must be at least the value of this replacement cost estimate, which needs to be less than three years old when they you their Sum Insured. Once that’s done, SumExtra is sorted automatically – just like that.

Get in touch if your existing home insurance is with Vero or if you’d like to know more about SumExtra. Click here.
1. Natural disaster means earthquake, natural landslip, volcanic eruption, hydrothermal
activity, tsunami or fire resulting from any of these.
2. Policies that are insured for indemnity value are excluded.
3. A registered valuer, registered quantity surveyor, building practitioner holding an
appropriate trade licence, or such other specialist as we accept.