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GENERAL INSURANCE | PERSONAL

Home Buildings

How to negotiate the minefield of 'sum insured' House & Property Insurance

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The catastrophic Christchurch earthquakes of 2010 and 2011 forever changed the landscape of house, home and contents insurance in New Zealand and saw the introduction of the new ‘sum insured’ regime which means that property owners who do not use expert advice may be seriously compromised.

As a homeowner, property owner or investor, you can now choose whether to insure for the default home value provided by your insurer – shown to be vastly under-estimated in many instances,  use a special online calculator or pay a valuer to determine the true value of your home.

Recent studies and experiences demonstrate that estimates between the default sum, calculated and valuer estimates differ widely.

It really is an area where every home owner needs to take expert advice and, when you most need help, ask yourself: Who do you want to deal with? An 0800 call centre or a broker who knows you personally?

To talk to a Prosper Adviser today about how to make sure your home and property is adequately insured to its true value.
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Advice on house and property cover is available from Prosper Group throughout New Zealand, including Auckland, North Shore, Nelson, Hamilton, Cambridge, Tauranga, Ohope, Rotorua, Taupo, Whakatane and Blenheim.