Terms & Conditions

Win a year's premium on us

1. These terms and conditions (Terms), Tower's General Promotion terms and conditions (available here), and Tower's General Terms (available here) apply to the "Win a year's premium on us" Promotion (Promotion).
2. In these Terms, Tower means Tower Limited.
3. The Promotion commences at 8:00am on Sunday 26 November 2023 and ends at 6:00am on Sunday 18 February 2024 (Promotion Period).
4. There are 10 prizes to be won for this Promotion. Eligible Customers will receive one entry per Eligible Policy purchased in accordance with these Terms (i.e., purchase two Eligible Policies and receive two entries).
5. Prize winners (Prize Winners) will receive a one-off refund and/or credit on the total premium payable for the first year of the relevant Eligible Policy. The prize will be calculated based on the annualised premium paid or payable by the customer when that policy was purchased (Premium). The prize amount will not be adjusted to reflect any changes a Prize Winner subsequently makes to its policy which increase or decrease the Premium. The prize amount will be the lower of:
   
   1. the Premium (including GST, fees and levies); or
   2. NZ$2,500 (including GST) (Prize).
6. Depending on how you pay your Premium, the Prize will be delivered as:
   
   1. a refund on Premium paid as at the Draw Date; and/or
   2. a credit to the Premium if there is a balance owing on the Eligible Policy.
7. If a Prize Winner's Premium is more than NZ$2,500 (including GST, fees and levies), that Prize Winner must pay the remaining balance of their Premium.
8. Subject to these Terms, this Promotion is available to you if:
   
   1. you purchase an Eligible Policy (as defined in clause 10 below) directly from Tower during the Promotion Period; and
   2. the period of insurance for the Eligible Policy begins within 90 days of the date the Eligible Policy was purchased; and
   3. the Eligible Policy (as defined in clause 10 below) has commenced and is in force on the Draw Date (as defined in clause 17 below); and
   4. by the Draw Date, Tower has received all payments due in respect of your premium for such policy, either:
      
      1. in full for an annual payment; or
      2. at least the first instalment and any subsequent payments due if your payment method is by instalments.
         
         (Eligible Customer).
9. This Promotion does not apply to the following:
   
   1. Tower's employees.
   2. Trade Me Insurance policies.
10. For the purposes of this Promotion, an Eligible Policy means the following newly purchased (and not renewing) Tower branded policies:
    
    1. House (Premium, Plus, and/or Standard policies);
    2. Landlord (Plus policy); and
    3. Contents (Premium, Plus, and/or Standard policies),
       
       but excludes:
    4. Lifestyle block and farm insurance policies;
    5. Contract works - Renovation cover policies; and
    6. any other insurance policies underwritten by Tower.

    Further, a policy will only be an Eligible Policy if the customer has not held that specific type of Tower policy for the relevant asset insured during the three months prior to the start of the Promotion Period.

11. If this Promotion applies and you are an Eligible Customer, Tower will automatically enter you into the Promotion. Eligible Customers agree to be bound by these Terms unless they contact us to advise that they do not wish to participate in the Promotion.
12. Unless Tower advises otherwise, this Promotion cannot be used in conjunction with any other offer, discount or promotion, except for the Tower multi-policy discount. See the multi-policy discount terms and conditions for more details.
13. Each Prize Winner can only win one Prize during the Promotion.
14. If an Eligible Customer has more than one Eligible Policy entered into the Promotion, Prizes will be determined based on the relevant Eligible Policy that has been drawn.
15. The Prize is non-exchangeable, non-refundable, non-transferable, non-negotiable, and cannot be redeemed for cash or any other benefit.
16. If an Eligible Policy is cancelled during its term, the Prize will be forfeited. If the Prize Winner is owed a refund on any premium paid in respect of the Eligible Policy, the refund will be calculated in accordance with Tower's policy terms.
17. The Prize Winners will be determined by a random draw by Tower from all valid entries on Monday 25 March 2024 (Draw), and if required pursuant to clause 18 of these Terms, on the date where any new Prize Winner is selected (Draw Date). The Prize Winners will be notified by Tower by email or phone within two working days from the Draw Date.
18. If, for any reason:
    
    1. Tower is unable to contact a Prize Winner within 10 working days of the Draw Date; or
    2. the terms of clause 8 are not met; or
    3. a Prize Winner's Eligible Policy is not in force on the Draw Date,
       
       Tower reserves the right to withdraw the Prize and re-draw a new Prize Winner.
19. Policy terms, conditions, exclusions, sub-limits, minimum premiums and underwriting criteria apply in respect of all policies.
20. Tower reserves the right to:
    
    1. cancel this Promotion prior to expiry of the Promotion Period;
    2. add policies to the list of Eligible Policies; and/or
    3. change any other aspect of the Promotion at any time,
       
       at its sole discretion.