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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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Just as retailers are recovering from their biggest month of the year, other industries are preparing for their busy season. Its not just campgrounds that enjoy their peak in January, if you’re in the business of burgling, you’ll also be preparing yourself for your busiest month of the year. According…
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