legislation

under insurance

under insurance

Insurance policies have shifted from ‘replacement’ to ‘set sum’ values. Insurance companies expect you to supply the ‘set sum’ value. If you supply a value that is too low, your house will be underinsured. Your home will not be fully covered for replacement in the event of a total loss. You will have to make up the difference yourself.

 

how we can help:

You can avoid finding yourself with a financial shortfall by talking to one of our valuation experts.  Our valuation team will ensure we come up with the most accurate rebuild estimate to meet your  rebuild costs. 

 

 

over insurance

over insurance

If you have supplied a ‘set sum’ value to your insurance company that is too high, you will not be compensated. For instance, if you have been paying premiums to cover the cost of a $1.3 million rebuild, but your rebuild actually costs $1 million, you have effectively been wasting money paying for insurance you did not need.

 

 

how we can help:

Get the ‘set sum’ value right and pay the correct premiums for your cover by talking to one of our valuation experts.

record of your home

record of your home

Take the worry out of your insurance claim. Let our valuation experts supply you with a comprehensive rebuild report. This document will ensure you have a full record of the fixtures and fittings in your home; this includes HRV, Insulation, Heat Pumps, Fire Places etc.

 

 

In the event of a total loss, this report guarantees peace of mind as you will have documented evidence of the specific items you need replacing as part of your rebuild.

 

 

 

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sean@ic.net.nz

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