Initio Blog

Duty of disclosure - law changes ahead

The current situation – Duty of full disclosure Duty is on you to disclose anything that may affect the insurance company’s decision to cover you.   When you apply for insurance you are asked declaration questions by the insurance company. You are expected to answer these to… Learn more

Kiwi tech platform recognised for changing property insurance (media release)

Hamilton, New Zealand – 1st October 2019 Specialist online property insurer, Initio, has been named as a finalist in the 2019 New Zealand Insurance Industry Awards, run by the Australian and New Zealand Institute of Insurance and Finance (ANZIIF). Nominated as ‘Innovation of the Year’, the Waikato-based insuretech is… Learn more

Initio claims at glance

When you think about claims, people generally jump to their own worst fear of their property burning to the ground, and that’s exactly why we all buy insurance. Big marketing hypes insurance products as providing ‘peace of mind’, but what you’re literally purchasing is compensation in the event you submit… Learn more

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