Understanding your policy changes

During the year FMG reviews client feedback and market changes and, where necessary, make changes to our policies.

Below is a summary of the main changes we've made. FMG Changes to Insurance gives a high level of summary of the main changes across our policies, including definitions. The FMG Policy Change Guides below highlight the details of changes made to FMG policy wordings.

To understand which of our policy wordings apply to you, please check your Certificate of Cover, or head online to FMG Connect to view all your policy details, including the dates of your policy period. If you're unsure, give us a call.

This summary highlights changes to your FMG policy wording. Importantly, this document is only a summary of the enhancements and changes, so ensure you read it in conjunction with your renewal certificate(s) and the full policy wordings available under "What we cover".

You can also request a copy of your policy wording to be emailed to you, or a printed copy, by calling our National Advice and Service Centre team on 0800 366 466.

We encourage all FMG clients to review these changes to see which ones may be relevant to you.

Applicable to policies that renew on or after 1 November 2023:

FMG Policy Change Guide 2023 FMG-2023-Policy-Change-Guide.pdf [PDF File 476.2 KB]

Applicable to policies that renew on or after 1 November 2022:

FMG Policy Change Guide 2022 FMG-2022-Policy-Change-Guide.pdf [PDF File 262.4 KB]
FMG Changes to Insurance 2022 Changes-To-Insurance-Leaflet-2022.pdf [PDF File 2.5 MB]

Select your policies

    Employee House Policy

    • What?

      We have updated your coverage for bridges and culverts – please see new Automatic Benefit 3.11

      We have updated references to ‘Natural Disaster’, and ‘EQC’ to match the new names under the Natural Hazards Insurance Act 2023.   There is no change in your FMG cover.

      We have updated the definition of ‘Employee’.

      We have updated ‘Natural Landslip’ to ‘Natural Landslide’ and re-worded the Natural Landslide definition to match the Natural Hazards Insurance Act 2023.  There is no change in your FMG cover.

      Why?

      Your bridge and culvert cover has been updated to provide clarity around what is covered under your Employee House policy and to ensure we have the correct Sum Insured associated with any bridge or culvert that provides the main access to your employee house.

      Please contact FMG if:

      - You have a bridge or culvert that is not on the main access way to your employee house that you would like covered.

      - The bridge or culvert on the main access way to your employee house is worth more than $50,000.

      - The bridge or culvert that is on the main access way to your employee house also provides access to your farm or commercial workplace.

      Your policy has been updated to comply with the new Natural Hazards Insurance Act 2023.  There is no change in your FMG cover.

      We have updated the definition of ‘Employee’ to ensure we are covering all situations where a person is renting the house as part of an employment agreement.

      When?

      This change affects all policies renewing on or after 01 May 2024.

      Page and Clause What has changed? Why has it changed?
      Throughout the policy We have updated references to ‘Natural Disaster’, and ‘EQC’ to match the new names under the Natural Hazards Insurance Act 2023.   Your policy has been updated to comply with the new Natural Hazards Insurance Act 2023.
      There is no change in your FMG cover.
      Page 11,  3.11 We cover your culverts and bridges
      Page 29, definitions ‘Section’
      Page 29, definition of ‘Employee House’       		We have updated your coverage for bridges and culverts

      Your bridge and culvert cover has been updated to provide clarity around what is covered under your Employee House policy and to ensure we have the correct Sum Insured associated with any bridge or culvert that provides the main access to your employee house.

      Please contact FMG if:

      - You have a bridge or culvert that is not on the main access way to your employee house that you would like covered.

      - The bridge or culvert on the main access way to your employee house is worth more than $50,000.

      - The bridge or culvert also provides access to your farm or commercial workplace.

      Page 27, Definition of ‘Employee’ We have altered the definition of employee to include ‘any person, company, trust, contractor, or sharemilker (including their employees) who are entitled to inhabit a house as part of their contractual agreement with you’ This ensures that we are covering all situations where a person is renting the house as part of an employment agreement.
      Page 29 – Definition of ‘Natural Hazard’ We have updated ‘Natural Landslip to ‘Natural Landslide’ and re-worded the Natural Landslip definition. These amendments are to match the Natural Hazards Insurance Act 2023.  
      There is no change in your FMG cover.

    Home Policy

    • What?

      We have updated your coverage for bridges and culverts – please see new Automatic Benefit 3.10

      We have updated references to ‘Natural Disaster’, and ‘EQC’ to match the new names under the Natural Hazards Insurance Act 2023.   There is no change in your FMG cover.

      We have updated ‘Natural Landslip’ to ‘Natural Landslide’ and re-worded the Natural Landslide definition to match the Natural Hazards Insurance Act 2023.  There is no change in your FMG cover.


      Why?

      Your bridge and culvert cover has been updated to provide clarity around what is covered under your Home policy and to ensure we have the correct Sum Insured associated with any bridge or culvert that provides the main access to your home.

      Please contact FMG if:

      - You have a bridge or culvert that is not on the main access way to your home that you would like covered.

      - The bridge or culvert on the main access way to your home is worth more than $50,000.

      - The bridge or culvert that is on the main access way to your home also provides access to your farm or commercial workplace.

      Your policy has been updated to comply with the new Natural Hazards Insurance Act 2023.  There is no change in your FMG cover.

      When?

      This change affects all policies renewing on or after 01 May 2024.

      Page and Clause What has changed? Why has it changed?
      Throughout the policy We have updated references to ‘Natural Disaster’, and ‘EQC’ to match the new names under the Natural Hazards Insurance Act 2023. Your policy has been updated to comply with the new Natural Hazards Insurance Act 2023.
      There is no change in your FMG cover.
      Page 10, 3.10 We cover your culverts and bridges

      Page 25, definitions of ‘Home’ and ‘Section’       		We have updated your coverage for bridges and culverts.

      Your bridge and culvert cover has been updated to provide clarity around what is covered under your Home policy and to ensure we have the correct Sum Insured associated with any bridge or culvert that provides the main access to your home.

      Please contact FMG if:
      - You have a bridge or culvert that is not on the main access way to your home that you would like covered.
      - The bridge or culvert on the main access way to your home is worth more than $50,000.
      - The bridge or culvert also provides access to your farm or commercial workplace.

      Page 26 – Definition of ‘Natural Hazard’ We have updated ‘Natural Landslip’ to ‘Natural Landslide’ and re-worded the Natural Landslide definition. These amendments are to match the Natural Hazards Insurance Act 2023.  
      There is no change in your FMG cover.

    Rental House Policy


    • What?

      We have updated your coverage for bridges and culverts – please see new Automatic Benefit 3.11

      We have updated references to ‘Natural Disaster’, and ‘EQC’ to match the new names under the Natural Hazards Insurance Act 2023.   There is no change in your FMG cover.

      We have updated ‘Natural Landslip’ to ‘Natural Landslide’ and re-worded the Natural Landslide definition to match the Natural Hazards Insurance Act 2023.  There is no change in your FMG cover.


      Why?

      Your bridge and culvert cover has been updated to provide clarity around what is covered under your Rental House policy and to ensure we have the correct Sum Insured associated with any bridge or culvert that provides the main access to your rental house.

      Please contact FMG if:

      - You have a bridge or culvert that is not on the main access way to your rental house that you would like covered.

      - The bridge or culvert on the main access way to your rental house is worth more than $50,000.

      - The bridge or culvert that is on the main access way to your rental house also provides access to your farm or commercial workplace.

      Your policy has been updated to comply with the new Natural Hazards Insurance Act 2023.  There is no change in your FMG cover.

      When?

      This change affects all policies renewing on or after 01 May 2024.

      Page and Clause What has changed? Why has it changed?
      Throughout the policy We have updated references to ‘Natural Disaster’, and ‘EQC’ to match the new names under the Natural Hazards Insurance Act 2023. Your policy has been updated to comply with the new Natural Hazards Insurance Act 2023.
      Page 11, 3.11 We cover your culverts and bridges
      Page 26, definitions ‘Section’
      Page 27, definition of ‘Rental House’       		We have updated your coverage for bridges and culverts

      Your bridge and culvert cover has been updated to provide clarity around what is covered under your Rental House policy and to ensure we have the correct Sum Insured associated with any bridge or culvert that provides the main access to your rental house.

      Please contact FMG if:

      - You have a bridge or culvert that is not on the main access way to your rental house that you would like covered.

      - The bridge or culvert on the main access way to your rental house is worth more than $50,000

      - The bridge or culvert also provides access to your farm or commercial workplace.

      Page 26 – Definition of ‘Natural Hazard’ We have updated ‘Natural Landslip’ to ‘Natural Landslide’ and re-worded the Natural Landslip definition. These amendments are to match the Natural Hazards Insurance Act 2023.

    Boat Policy

    • What?

      We have updated references to ‘Natural Disaster’, and ‘EQC’ to match the new names under the Natural Hazards Insurance Act 2023. This means:

      - Updating “Natural Disaster” to “Natural Hazard (Natural Disaster)”

      - Updating “EQC” to “Natural Hazards Commission Toka Tū Ake”

      We have also updated ‘Natural Landslip’ to ‘Natural Landslide’ and re-worded the Natural Landslide definition to match the Natural Hazards Insurance Act 2023.

      There is no change in your FMG cover.

      Why?

      Your policy has been updated to comply with the new Natural Hazards Insurance Act 2023.  There is no change in your FMG cover.

      When?

      This change affects all policies renewing on or after 1 July 2024.

      Page and Clause What has changed? Why has it changed?
      Throughout the policy

      We have updated references to ‘Natural Disaster’, and ‘EQC’ to match the new names under the Natural Hazards Insurance Act 2023. This means:

      - Updating “Natural Disaster” to “Natural Hazard (Natural Disaster)”

      - Updating “EQC” to “Natural Hazards Commission Toka Tū Ake”

      Your policy has been updated to comply with the new Natural Hazards Insurance Act 2023.

      There is no change in your FMG cover.

      Page 20 – Definition of Natural Hazard We have updated ‘Natural Landslip' to ‘Natural Landslide’ and re-worded the Natural Landslip definition.

      These amendments are to match the Natural Hazards Insurance Act 2023.

      There is no change in your FMG cover.

    Business Interruption Policy

    • What?

      We have updated references to ‘Natural Disaster’, and ‘EQC’ to match the new names under the Natural Hazards Insurance Act 2023. This means:

      - Updating “Natural Disaster” to “Natural Hazard (Natural Disaster)”

      - Updating “EQC” to “Natural Hazards Commission Toka Tū Ake”

      We have also updated ‘Natural Landslip’ to ‘Natural Landslide’ and re-worded the Natural Landslide definition to match the Natural Hazards Insurance Act 2023.

      There is no change in your FMG cover.

      Why?

      Your policy has been updated to comply with the new Natural Hazards Insurance Act 2023.  There is no change in your FMG cover.

      When?

      This change affects all policies renewing on or after 1 July 2024.

      Page and Clause What has changed? Why has it changed?
      Throughout the policy

      We have updated references to ‘Natural Disaster’, and ‘EQC’ to match the new names under the Natural Hazards Insurance Act 2023. This means:

      - Updating “Natural Disaster” to “Natural Hazard (Natural Disaster)”

      - Updating “EQC” to “Natural Hazards Commission Toka Tū Ake”

      Your policy has been updated to comply with the new Natural Hazards Insurance Act 2023.

      There is no change in your FMG cover.

      Page 12 – Clause 3.1 We cover loss by Natural Hazard (Natural Disaster) Corrected reference to clause 4.4 to 4.3 So that the correct clause number of the optional benefit is referenced.
      Page 20 – Definition of Natural Hazard We have updated ‘Natural Landslip' to ‘Natural Landslide’ and re-worded the Natural Landslip definition.

      These amendments are to match the Natural Hazards Insurance Act 2023.

      There is no change in your FMG cover.

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