Licensing Information

 

Vibe Insurance is a trading name of Overfifty Insurance Limited, a registered financial advice provider (Authorised Body) under a full licence, effective from 18-Mar-2024 with registration number FSP773674. We are regulated by the Financial Markets Authority (FMA). For more details about our registration, visit the Financial Service Providers Register.

 

Overfifty Insurance Limited (trading as “Vibe Insurance”, referred to as “Vibe” or “we” or “us”) is authorised to provide financial advice services under the Financial Advice Provider Class 2 Licence held by Folio.Insure Limited (Folio), FSP registration number FSP1003687.

 

 

Nature and Scope of the Advice

 

Vibe Insurance Financial Advisers specialise in providing advice on commercial, domestic, and personal insurance, commonly known as General Insurance. Our aim is to help clients protect their income, assets, and liabilities to reduce financial hardship during adverse events.

 

We do not provide advice on Life and Health Insurance, Investments, Kiwisaver, Medical Insurance, or Mortgages. If needed, we can refer you to a specialist for these products.

 

We do not have any significant limitations or restrictions on the scope of our financial advice services. Any such limitations will be clearly disclosed to you.

 

Folio is a member of Steadfast NZ Limited, a group that supports and enhances the quality of our financial advice services.

 

Vibe Insurance offers financial advice on a wide range of products from New Zealand and overseas providers. Some of our key products and providers include:

Financial Advice Products

Providers

House Insurance

AIG, Mecon

Contents Insurance

Allianz, Nautical Marine

Private Motor Vehicles Insurance

Ando, NM Insurance

Travel Insurance

Berkshire Hathaway, Protecsure

Boat Insurance

Lloyd’s Underwriters, QBE

Business Insurance

CHUBB, Sage

Property Insurance

Classic Cover, Salt Marine

Commercial Vehicles Insurance

Club Auto, Star Insurance

Liability Insurance

Concordia, Sunderland Marine, Dual, Euler Hermes, Vero, Zurich, IAG (NZI, Lumley), 360 Underwriting, and others

 

 

Fees, Expenses, or Other Amounts Payable

 

We earn income through fees, commissions from providers, or both.

 

Fees are based on the time and complexity of advice and will be clearly shown on your invoice. Changes to your insurance during the policy period may incur a fee, which will also be detailed.

 

Folio retains a portion of these fees for services provided to Vibe Insurance. Other non-advice-related fees, like credit card surcharges, will also be disclosed.

 

 

Conflicts of Interest and Incentives

 

We are committed to acting in your best interests. Our advisers may receive commissions from insurance providers for the policies arranged. The amount varies by provider and product and will be disclosed when advice is given.

 

If a policy is cancelled, we may retain part of the commission from any refund.

 

Referral arrangements may result in commission or fee sharing. Any actual or potential conflicts of interest will be disclosed, and we will act to ensure your interests are prioritised.

 

We maintain a register of conflicts, gifts, and incentives to uphold transparency.

 

 

Premium Funding

 

Premium funding allows you to pay insurance premiums in instalments. Funding companies charge interest and may cancel your policy for non-payment.

 

In such arrangements, the funding company pays Vibe Insurance a commission. Folio retains a portion for its services.

 

We’ll disclose the specific amount when discussing instalment options.

 

 

Complaints Handling & Dispute Resolution

 

For our complaints process, visit: https://www.folio.insure/complaints

 

 

Duties Information

 

Vibe Insurance, Folio, and all financial advisers acting on our behalf have duties under the Financial Markets Conduct Act 2013. We must:

 

• Give priority to your interests.

• Exercise care, diligence, and skill.

• Meet the competence and ethical standards set by the Code of Professional Conduct for Financial Advice Services.

 

These duties help ensure we give you appropriate and professional advice. More information is available on the FMA website.

 

 

Contact Information

 

Business Name: Vibe Insurance (a trading name of Overfifty Insurance Limited)

Phone: 06 870 3213

Email: enquiries@vibeinsurance.co.nz (Update if Vibe uses a different email)

Postal Address: PO BOX 900, HASTINGS 4156

Website: https://vibeinsurance.co.nz

 

 

Financial Adviser

 

Brian Gilmour (FSP349086) is a Financial Adviser at Vibe Insurance.

Phone: 027 313 5612

Email: enquiries@vibeinsurance.co.nz