More than 60% of New Zealanders do not regularly review their insurance cover, which could mean people are not adequately insured, 2018’s Canstar Blue research has revealed.
According to Canstar Blue general manager Jose George, now is the time for Kiwis to get to grips with their home insurance as it looks like change could be on the horizon – in particular he referred to Tower Insurance’s recent announcement that future premium will be based on how at-risk the property is from all “natural perils.”
“This has the potential to disrupt the whole of the New Zealand insurance market as other insurers may take the opportunity to review their approach to risk,” he said.
Here are a few tips, as outlined by Canstar, that brokers can pass on to clients on home maintenance: