NZ insurance info needed.

Viewing 9 posts - 1 through 9 (of 9 total)

kerwyn
Member
@kerwyn
Join Date: 2004
Post Count: 145
March 9, 2005 - 10:12 am
Hi All
Anyone know a good insurance company for building insurance in NZ? Let me know if you have found a good one for investors.
Kerwyn.
Ibuycashflow
Participant
@ibuycashflow
Join Date: 2004
Post Count: 274
March 9, 2005 - 10:30 am
You don’t know if you’ve got a good one until you have to claim.
You can use a broker however, some companies such as AMI do not use brokers and tend to be a little cheaper. They also have limited cover for loss of rents and maliscious damage by tenants.
There only seems to be about 4 major insurance companies underwriting the cover in NZ these days so has become less competitive.
If you go into AMI’s website or even State Insurance or NZI you can usually get an online quote.
Hope this helps. BTW, I use a broker.
Cheers
Jeff
Don Nicolussi
Participant
@don
Join Date: 2005
Post Count: 1,086
March 10, 2005 - 3:01 am
Hi, Just a thought. Landlords insurance is now readily available in NZ. The industry is getting a bit more competitive. The cost is well worth it.
Don Nicolussi | Mortgage Broker - Home Loan Warehouse
http://homeloanwarehouse.com.au
Email Me | Phone Me
"I think of finance as a technology, a way of getting things done." Robert Shiller
CastleDreamer
Participant
@castledreamer
Join Date: 2003
Post Count: 288
March 12, 2005 - 12:19 am
Hi Kerwyn
you can try the insurance quote offered by your financier as one possibility.
the other is to use an insurance broker such as the one I use: Wanganui Insurance Brokers – they generally use VeroInsurance which has a landlord component.
just a couple more options to play with.
Cheers
CastleDreamer
NZ Investor and Property Spotter
westan
Member
@westan
Join Date: 2002
Post Count: 1,950
March 14, 2005 - 2:00 am
Hi guys
i’ve recently switched a lot of my properties over to ANZ’s insurance, there rates are well below what i’m paying with Vero and State (who i’ve used in the past).
regards westan
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kerwyn
Member
@kerwyn
Join Date: 2004
Post Count: 145
March 17, 2005 - 3:18 pm
Thanks for the answers everyone I got a good deal through ANZ although it was not with them. Their computers were down so they got another company to call me, they even faxed all my polices to my Solicitor in Invercargill.
Kerwyn
ozi
Member
@ozi
Join Date: 2004
Post Count: 262
March 18, 2005 - 12:48 am
I am also using ANZ. Their prices seem good. They use TOWER insurance.
Regards,
Ozi
TakeAction
Member
@takeaction
Join Date: 2005
Post Count: 5
March 25, 2005 - 2:32 am
As a Kiwi in Auckland I have used both State Ins. and NZI with no problems with either. State is probably a little cheaper
Cheers
TakeAction
Don Nicolussi
Participant
@don
Join Date: 2005
Post Count: 1,086
March 28, 2005 - 8:53 pm
We have changed all our policies to the national bank nz. They also go through tower. Not sure if the anz and national are running seperate insurance businesses have merged as well.
.
Good Luck
Don Nicolussi | Mortgage Broker - Home Loan Warehouse
http://homeloanwarehouse.com.au
Email Me | Phone Me
"I think of finance as a technology, a way of getting things done." Robert Shiller