In a boarding house, each tenant rents a room rather than the whole house. They then share facilities such as the kitchen with the other tenants, and in many cases each tenant has their own bathroom. We can insure boarding house’s with five or less rooms (tenants). If your boarding… Learn more
Regular meth testing isn’t a condition you have to meet, but we do recommend it. We cover up to $30,000 for meth cleaning under our landlord cover. You won’t need to test between tenancies to have meth cleaning cover, but regular tests can come in handy when you want to… Learn more
There’s broken glass cover under all our house policies. Vehicle glass damage can also be covered on your car. The excess that applies depends on the policy that’s in place. Please refer to the product types below for which excess applies to your situation. Home Insurance – Owner Occupied/Usual Residence… Learn more
We can not insure properties that are owned under a Body Corporate. Our cover is designed for domestic residential houses that have a single owner. Under a Body Corporate there is a manager that collectively is responsible for insuring all the units on behalf of each owner. Learn more
In most cases insurers won’t provide cover for houses that were sold under a mortgagee sale. This is because of the increased and known risk associated with this type of property sale. However, we know that all mortgagee sales are different so can consider cover on a case by… Learn more
Renovations may or not be covered by our house insurance depending on whether it involves structural or cosmetic work. Cosmetic Renovations Cosmetic renovations with no structural changes to your house are covered, and you don’t need to disclose this. Examples of cosmetic renovations include re-painting, installing new carpet or… Learn more
Meth Contamination is one of the largest loss leaders for landlords in New Zealand. Cleaning costs for a well-contaminated house can easily cost over $10,000. Do I need to test for meth before renting out my property? Regular meth testing isn’t a requirement under initio’s… Learn more
What can be insured under our Multi Unit Rental Policy? At initio we have a multi-unit rental policy which was designed to insure a block of flats owned by a single landlord. For the purposes of this policy, a Multi-Unit Rental Property is defined as; two or more… Learn more