> _Markdown transcription of FMG FMG Material Damage policy wording, effective 2024-07-01. Source: https://www.fmg.co.nz/what-we-cover/fmg-policy-wordings/buildings/material-damage_ --- Material damage | FMG Insurance - - - - - - - - - - - - Skip to navigation - Skip to main content - Skip to footer Close 0800 366 466 Contact us Search logo/connect/20 Log in Register - What we cover - Home, car & contents - Lifestyle blocks - Businesses - Horticulture & viticulture - Dairy farmers - Arable farmers - Sheep & beef farmers - Horses - Life & Health Insurance - Travel - Our policy wordings - Understanding your policy changes - Quotes and claims - Request a quote - Make a claim - Manage your insurance - FMG Connect - Understanding premiums - Understanding renewals and statements - The claim process - Ways to pay - Advice - Dairy - Sheep and beef - On farm - At home - Lifestyle blocks - Business - FMG advice guides - Regional advice - Learning modules - Disaster information - About FMG - Why FMG? - Supporting rural New Zealand - Corporate information - FMG in your region - B Corp Certified - Careers - News - Events - Contact us Get in touch 0800 366 466 Contact us - What we cover - Home, car & contents - Lifestyle blocks - Businesses - Horticulture & viticulture - Dairy farmers - Arable farmers - Sheep & beef farmers - Horses - Life & Health Insurance - Travel - Our policy wordings - Understanding your policy changes - Quotes and claims - Request a quote - Make a claim - Manage your insurance - FMG Connect - Understanding premiums - Understanding renewals and statements - The claim process - Ways to pay - Advice - Dairy - Sheep and beef - On farm - At home - Lifestyle blocks - Business - FMG advice guides - Regional advice - Learning modules - Disaster information - About FMG - Why FMG? - Supporting rural New Zealand - Corporate information - FMG in your region - B Corp Certified - Careers - News - Events - Contact us Buildings # Material damage ## Benefits Theft We cover up to $10,000 for loss from theft provided it doesn’t involve you, your staff or any fraudulent activity. Goods in transit Up to $20,000 for any one event, if the loss happens during transit anywhere in New Zealand. Money Your money is covered for up to $5,000 at your premises or in transit (must be locked up outside of business hours), and up to $1,000 at your house. Breakdown Cover of up to $15,000 for loss to motors, pumps, electrical and mechanical equipment. ##### FMG’s Material Damage policy covers your commercial property, including buildings, contents, stock, portable plant and equipment, growing structures and growing plants. This policy covers the cost of replacing key equipment, stock, contents, and buildings that are essential to your operations. It also provides cover for the cost of temporary removal, loan equipment and accommodation to help you manage the wait time between the repair or replacement of items. Material Damage cover also extends to portable plant and equipment, such as tools of the trade, portable electronic equipment like cameras and cellphones, and other items which are typically stored off your business premises. This includes tools you keep in vehicles. Any additional buildings, machinery or plant you buy or build, as well as any alterations to existing assets, during your period of insurance are also automatically covered for up to 30 days, as long as you notify FMG of those additions within that time period and pay any additional premium if required. #### Optional benefits You can purchase optional benefits relating specifically to the type of commercial operation you run, including specific benefits relating to industries like dairy farming and wine making. Give our team a call to discuss the cover that bests suits your business needs. Natural hazard (Natural disaster) FMG recommends you consider this cover for your commercial property and indoor plants for accidental loss due to a natural hazard (natural disaster). Seasonal Stock Provides an automatic increase in your stock by 25% for the four-month period shown on your Policy certificate. To understand which policy wording applies 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. For more information on our recent policy changes click here . This is a summary view of our policy and is subject to our specific product documentation and underwriting criteria. For full details please download the policy wording or get a free copy by calling us on 0800 366 466. Material Damage Policy Wording Effective for new policies, items or renewals from: 1 July 2024 material-damage-policy-wording-July-24.pdf [PDF File 606.8 KB] 1 November 2023 to 30 June 2024 material-damage-policy-wording-Nov-2023-Jun-2024.pdf [PDF File 318.8 KB] 1 November 2022 to 31 October 2023 material-damage-policy-wording-2022-23.pdf [PDF File 1.0 MB] Material Damage Policy Summary Material-Damage_Policy-Summary.pdf [PDF File 547.8 KB] You can view your contents policies and make claims through FMG Connect, our online service. Login Register Don't lose business after a loss Our Material Damage policy will cover loss to your commercial buildings or contents, but you may want to consider Business Interruption to minimise the financial impact on your business while things are being repaired or replaced. Find Business Interruption insurance ## Keen to talk to one of our FMG advisers? Fill in your details and we'll be in touch. Tell us about you First name Middle Name Last name Address Address Validation - Valid - Invalid Email Phone What are you interested in? What are you interested in? - Farmers and Growers' insurance - Lifestyle block insurance - Vehicle insurance - Residential insurance - Horse insurance - Business insurance - Life & Health insurance Business insurance I'd like to talk about - Business vehicles - Commercial buildings - Contents, stock, and equipment - Business liability - Business interruption - Cyber liability - I need a review of my existing cover Life & Health insurance I'd like to talk about - If I, or a family member dies - if I were never able to work again - If I were seriously ill - If I'm unable to earn an income - If I require access to medical services rather than relying on the public health system - If the key person in my business is unable to work and I require replacement labour - I need a review of my existing cover Are you an existing FMG Client? Are you an existing FMG Client? - Yes - No Account number (if known) Business name We have received your message We appreciate the time you've taken to get in touch, and we’ll get back to you within the next 48 hours. Sorry, we didn't receive your message We apologise for any inconvenience and we'll fix it up as soon as we can. If you want to get hold of us in the meantime, please call 0800 366 466 or email us at contact@fmg.co.nz Return to homepage Try again An error has occurred. We apologise for any inconvenience caused. If you want to get hold of us, please call 0800 366 466 or email us at contact@fmg.co.nz Return to homepage Try again Contact us Make a claim Request a quote - FMG FOR YOU - Why FMG? - What we cover - Manage your insurance - Our policy wordings - Contents calculator - ADVICE - Advice - FMG advice guides - Regional advice - Learning modules - IN THE COMMUNITY - FMG scholarships - Our partners - Events - Spot Check Roadie - FMG Young Farmer of the Year - Farmstrong - ABOUT FMG - Corporate information - Careers - News - Contact us - Make a complaint Contact us Make a claim Request a quote FMG FOR YOU - Why FMG? - What we cover - Manage your insurance - Our policy wordings - Contents calculator ADVICE - Advice - FMG advice guides - Regional advice - Learning modules IN THE COMMUNITY - FMG scholarships - Our partners - Events - Spot Check Roadie - FMG Young Farmer of the Year - Farmstrong ABOUT FMG - Corporate information - Careers - News - Contact us - Make a complaint © Copyright FMG 2026     This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.