Initio Blog

Residential Tenancies Amendment Act 2019 breeds uncertainty  (Media Release)

Auckland, New Zealand – Initio media release  New tenancy legislation comes in effect today under the Residential Tenancies Amendment Act 2019 (RTAA). Among other things, the RTAA attempts to clarify liability for property damage between tenants and landlords. As a specialist online landlord property insurance provider, Initio handles landlord property… Learn more

Residential Tenancies Amendment Act - who now pays for damage?

On 30th of July 2019 changes to the legislation around tenant damage and meth contamination were passed passed into law. The Residential Tenancies Amendment Act 2019  will: limit tenants’ liability for careless damage in rental properties to the landlord’s insurance policy excess… Learn more

Why have my property insurance premiums increased?

There are a number of reasons why your premiums may have seen a recent rise. Some of those reasons are associated with passing on costs such as recent claims and securing reinsurance, but the most recent hike will be due to increases in government levies. Levies are charges that are… Learn more

Property inspections - 3 things landlords need to know

The requirement for 3 monthly property inspections forms part of most landlord insurance policies. A rental property that is inspected regularly is less likely to be ill treated by its tenants, and if the property does suffer some damage it is easier to establish what and when it happened. There… Learn more

Save Thousands by Swapping

Initio is loving local real estate ‘disruptor’, Hermitty, the new website that helps people save time, stress and thousands of dollars by swapping homes permanently instead of selling them. Swapping homes creates an even playing field. It doesn’t matter what each property… Learn more

EQC cover is changing 1 July 2019

What is EQC Cover? The initio house, rental and holiday home insurance policies provide automatic cover for earthquake damage, with assistance from the EQC. The Earthquake Commission (EQC) is a Government insurer designed to provide insurance for residential houses when there is a natural disaster.  The EQC does not provide… Learn more

The pitfalls of Airbnb Insurance

There’s a lot of talk about the ‘pitfalls‘ of renting your home out on airbnb or bookabach.  Local councils are cracking down on short term rental property owners, with the result being that your profitability suffers. Like any business, increases… Learn more

Top 3 risks to your holiday home

Holiday home insurance is good but risk management is even better Identifying and eliminating risks in your holiday home is important for the ongoing enjoyment of your property. As Initio insurance handles a large number of holiday home claims, it has identified the top 3 causes of loss… Learn more

Insider Tip #5

Do you know what goes on in your property?  One of our customers suffered a devastating house fire at their multi-unit rental property. Here are some basic proactive steps you can take to protect your property. Check power points for overloading and consider installing additional power points  Install… Learn more