What claims cost the most, and what are the most common claims of 2024? As we approach the end of 2024, we’ve taken a closer look at the trends in claims across the range of insurance policies we offer. The main ones being holiday homes, rental properties, owner-occupied…
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As we wrap up another year, it’s time to reflect on the fascinating, bizarre, and occasionally head-scratching world of insurance claims. While we see plenty of the usual suspects – cars driving into garage doors, kids toppling TVs, and the inevitable shattered dentures – this year’s claims have…
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Some important changes will affect what you pay for home and landlord insurance. The two changes are: Earthquake Commission cover (EQC) Insurer premium We explain these changes below: Changes to Earthquake Commission cover From…
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Covering yourself for an unexpected event that leads to damage and financial loss is exactly what insurance is for. For house and contents insurance, you are most likely to think of your typical risks that might include fire, property flooding or theft of contents. However, insurance goes much further the…
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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…
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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…
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On 30th of July 2019 changes to the legislation around tenant damage and meth contamination were 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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At Initio we use our technology to pay claims. We’ve made it our mission to cut the nonsense and pay claims fast. Our best yet is money in a customers bank account within an hour of us opening the claim. We call this the initio 6 star experience.
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Until the government changes the standard, contamination over the current 1.5mg/100cm2 limit will trigger a landlord insurance claim. It is concerning that the Real Estate Agents Authority moved so quickly to only declaring limits over 15mg/100cm2. Continue to do your due diligence when purchasing property as contaminated homes (over 1.5mg/100cm)…
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Your initio home insurance policy covers sudden, accidental damage to your home. An insurance policy is designed to help you recover from unexpected losses that can not be prevented. It is not a maintenance contract, and is not designed to cover wear and tear. With any insurance policy there are…
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Once again wild weather is storming up and down the country. As the water damage claims start flooding into the initio team, it seems like a good time to give you some tips on managing storm damage. Secure your property Take care of yourself and your property to prevent further…
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Insurance is full of jargon, and one piece of jargon that we use often is ‘excess’. Insurers assume that their clients know what an excess is and how it works. This article will give you a clearer understanding of excesses. What is an Excess? An excess is the contribution that you…
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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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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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