Have you ever wondered what you would do if you had a claim on your property? At initio we have compiled a step by step guide to help you navigate making a claim. Step 1. Secure your Property Take care of yourself and your property to prevent further loss…
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When you insure your Holiday Home or Own Home with initio you have choices when it comes to your Contents Insurance. You can choose how much cover (your sum insured) and which type of cover – Replacement Value or Present Day Value. After reading this, you will understand the differences…
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With Winter well and truly upon us, the heaters have come out. Not surprisingly most residential house fires occur during winter. Kitchen fires make up about a quarter of all house fires – they commonly start from unattended cooking and can quickly spread. As a landlord there are steps you…
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As a landlord, the risks to which you are exposed are often not covered by a standard insurance policy. When taking this next step on the property ladder it is important to have the right Landlord Insurance cover in place to save yourself from headaches down the track. Does your…
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Andrew King, of the New Zealand Property Investors Federation, has written a common sense article on the consequences of meth in rental properties. The consequences of Meth in rental properties has been escalating over the last few years. Fortunately it isn’t the actual health consequences of meth in rentals (except…
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While keeping yields high on your rental property is generally the objective, as a landlord it’s important to keep up with maintenance as deferring it can end up costing you a lot more. The added benefit is that well maintained properties are less likely to suffer weather and fire related…
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Double whammy on levies Did you know that a large portion of your house insurance premium goes to the government in levies? For the average initio house insurance policy sold through our site www.initio.co.nz, over a THIRD of the cost to the home owner is…
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What you need to know about insuring your investment property. Recently we were approached by the Auckland Property Investors Association to do a brief Q&A on landlords insurance, and some of the risks that landlords face in the modern market. You can find some of the common questions and answers…
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2016 in review: With 2016 gone and everyone returning from the beach, it is a good opportunity to reflect on the events of the past 12 months and provide an update on changes to the insurance market for 2017. 2016 saw a large rise in the prevalence of meth contamination…
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Knowing just how far the cover goes is one of the most important things to consider with insurance. Knowing what can and can’t be covered means you can better prepare and plan for the unforeseen. In general, insurance is there to protect you from the unforeseeable events beyond your control.
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At Initio we’ve worked hard to have some of best rates in the market for rental property and holiday home insurance. As well as offering competitive pricing, the cover is tailored to tenanted properties so that you can be sure to have the correct amount of cover. There have been…
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Choosing the right tenant for your property Choosing who you have living in your property can be one of the most stressful parts of being a landlord. Your property may have lot of your own time, effort, and finance in to getting your property just right, and having a “bad…
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More options online with Initio Here at Initio, we’re all about making insurance affordable and easy to manage, which is why you can now insure your own home and contents online with Initio! This is an exclusive offer, only available to customers of Initio who currently insure their Rental Property(s)…
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Being a landlord comes with unique benefits and advantages. However, there are also risks with having tenants or guests stay in your property. To best protect yourself and your property, it’s important to know where to look and who to trust. In most cases, you can learn the most from…
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A landmark Court of Appeal ruling means landlords are now unable to recover the cost of any damage accidentally caused by tenants AMI Insurance had been attempting to recover a $216,413.28 repair bill since March 2009, after a house it had insured was gutted by fire when a pot of…
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The New Zealand Herald has recently put the spotlight on a major issue affecting houses all over the country, P Labs. Homeowners are forking out millions of dollars to decontaminate P-riddled properties in a crisis that could rival the leaky homes disaster. In the worst cases, contaminated houses are destroyed.
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Initio is pleased to announce that replacement contents insurance cover is available online. This means NEW for OLD replacement of your property’s contents. When you use our quote calculator to obtain a premium for your property you will also be given the choice of increasing your contents insurance cover…
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Burglary prevention is as equally important for holiday homeowners and landlords, as it is for one’s own personal residence. Burglary is not just about having your contents stolen; there is also the damage that thieves can cause trying to gain access to the property. Holiday homes are particularly vulnerable as…
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Its that time of year again. The clocks have been moved forward and we are now closer to summer. If you have a holiday home its important that you protect everyone who may stay by maintaining your smoke alarms. 1. Clean smoke alarms to ensure they are free from dust…
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Its been almost a year since our rental property insurance and holiday home insurance policies started converting from an open ended cover based on size to a specified replacement sum insured. A year on we continue to stress the importance of insuring rental properties and holiday homes correctly. In the…
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Identifying and eliminating risks in your holiday home is important for the ongoing enjoyment of your property. In 2013 the biggest cause of loss in holiday homes for Initio was water damage. This occurred in a number of cases where leaking or burst pipes caused significant damage while properties where…
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Yet again initio.co.nz has featured in the New Zealand Property Investor Magazine. The magazine produces an annual rental property insurance comparison. A table in the magazine compares providers of rental property insurance; among other things comparison is made against 1. Landlord insurance extensions such as malicious damage, loss or…
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Initio recently featured in the New Zealand Property investor magazine. Our policy and pricing was compared to all the mainstream insurance providers…. the result …. Initio provides some of the best landlord insurance cover in New Zealand. The initio policy extensions provide our clients with robust landlord insurance cover. As…
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Rental properties not on non town water (bore water, trickle feed, tank water, all of the above) can now be insured online through initio. If this is you just click ‘No’ to the town water question on the quote calculator. Initio insurance just keeps getting better. Providing you quick and…
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Initio is pleased to announce that it has teamed up with Bookabach to provide insurance for holiday homes and baches that are rented out on occasion. Our specialist rental property insurance policy has been tailored to meet the needs of properties with long term tenants and also those properties…
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By Maryanne Twentyman A Waikato insurance specialist is warning of a “serious legal loophole” for property owners who may not know potential tenants are on home detention. The managing director of online property insurance company Initio, Rene Swindley, said the recent case of a North Shore woman who faced charges…
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The recent case of a rented dwelling being fire damaged by a tenant serving home detention has brought to light serous issues for property owners. As things stand there is no legal responsibility for tenants to disclose to their landlord that there is anyone living at the address that is…
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Transacting your insurance online does not get much better than with initio. We just want to make it as easy as possible; no unnecessary forms to fill out or paper wasting documentation to clutter your house. Judging by the number of policies the website is transacting it certainly looks like…
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3 News Article http://www.3news.co.nz/Increase-in-insurance-claims-for-P-Lab-dwellings/tabid/309/articleID/198177/Default.aspx Initio Comments: These are certainly some alarming statistics. I agree that it is good to be proactive in identifying when your rental property may become the victim of drug manufacture; MethMinder certainly seems to be the best approach. It is important to note…
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Don’t fall for insurers making you think that you can buy their insurance online. Many of them advertise [and have google results] for online insurance, buy rental insurance online etc. A customer is lead to believe that he/she can get insurance online but is usually presented with the following:…
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