Westpac Insurance – Canterbury New Build Pac

Westpac is now providing full insurance on an agreed value basis for new homes. Until now there has been much uncertainty about the ability to have insurance for your new home. Provided you meet Westpac's terms and conditions, you're on your way to having your new home fully insured during construction and completion.

The Westpac Canterbury New Build Pac incorporates your new home loan banking and home insurance needs in one great package:

  • Westpac Home Loan for your new build
  • Westpac Contract Works insurance while your new home is being built
  • Westpac Home Cover once your new home is completed
  • Westpac transactional banking account for receipt of your income.


The package is available to new and existing Westpac customers and can include a few extra add-ons if you need them, such as Credit Card balance transfer or Westpac Contents insurance. You need to:

  • Be building or buying a brand new home (less than 3 months old)
  • Confirm that the new build will be for residential use only
  • Have building consent, site & elevation plans and a qualified builder's contract
  • Confirm that you do not have existing home insurance cover that can be transferred to your new home

Please call us on 03 323 6991 and we can discuss your requirements and refer you to a Westpac representative or simply visit any Westpac branch.