NZAC is pleased to provide Loss of Deposits (LOD) Insurance to NZAC members resident in New Zealand who are participating in a NZAC or other instruction course or guided trip within New Zealand (e.g. with NZMGA, Adventure Consultants, Alpinism & Ski Wanaka, Alpine Guides, Alpine Recreation or Aspiring Guides). As soon as you have booked your NZAC or other company’s course, or guided trip, it is advisable to take out our ‘Loss of Deposits’ Insurance. This insurance policy has been made possible by Health & Travel Insurance Brokers Ltd (see Disclosure Statement, pdf 290kb) and is issued and managed by AWP Services New Zealand Limited trading as Allianz Partners and underwritten by The Hollard Insurance Company Pty Ltd ABN 78 090 584 473 (Incorporated in Australia).
What LOD Insurance covers
Once you have paid for your course or trip, then for any unforeseen circumstance you are unable to attend, you are covered for any non-refundable course, accommodation or travel costs up to the total of $10,000 (less the excess of $250 which applies to each and every claim). Please read the LOD – Cancellation and Travel Disruption Endorsement to the NZ Alpine Club Travel Insurance Policy Wording.
The Loss of Deposits Insurance Premium is $195.50.
Please note that all applicants must be NZAC members – if you are not currently a member you can Apply for Membership/ first and add your NZAC membership number to your application form – see Membership Benefits for some of the other benefits of joining NZAC.
Who is eligible to apply for our LOD insurance:
- NZ Citizens and Permanent Residents
- Visitors from overseas living and working legally in NZ with an appropriate visa (visitors to NZ on tourist visas only are not eligible for our LOD insurance)
Please Note: Australian residents can obtain this cover through our Travel Insurance.
All claims require an Allianz Partners Claim Form (pdf, 97kb) to be fully completed, and sent directly to [email protected] together with a copy of your NZAC insurance certificate. Sandra’s firm Health and Travel Insurance Brokers Limited handles all claims on behalf of NZAC. She can also be contacted on +64 (0)7 855 0772. An excess of $250 applies to each and every claim.
This Travel Insurance is issued and managed by AWP Services New Zealand Limited trading as Allianz Partners and underwritten by The Hollard Insurance Company Pty Ltd ABN 78 090 584 473 (Incorporated in Australia). You should consider the Policy Wording before making any decisions about your insurance policy.
The Hollard Insurance Company Pty Limited – Financial Strength Rating and Overseas Policyholder Preference Disclosure Notice.
The Hollard Insurance Company Pty Ltd has a financial strength rating of A- (Excellent) issued by A.M.Best Company Inc.
The rating scale* in summary form is:
A++, A+ (Superior)
A, A- (Excellent)
B++, B+ (Good)
B, B- (Fair)
C++, C+ (Marginal)
C, C- (Weak)
E (Under Regulatory Supervision)
F (In Liquidation)
Plus (+) or minus (-): Ratings from “AA” to “CCC” may be modified by the addition of a plus (+) or minus (-) sign to show relative standings within the major rating categories.
Further information on these ratings is available here.
An overseas policyholder preference applies. Under Australian law, if The Hollard Insurance Company Pty Ltd is wound up, its assets in Australia must be applied to its Australian liabilities before they can be applied to overseas liabilities. To this extent, New Zealand policyholders may not be able to rely on The Hollard Insurance Company Pty Ltd’s Australian assets to satisfy New Zealand liabilities.