The Christchurch earthquakes have become the third largest insurance event in history. Already claims have reached $40billion.
The subsequent upheaval and changes in the market have now seen all insurers dramatically increasing their premiums.
To reduce the impact of these changes for our clients, we are now close to finalising a new international insurance facility with competitive
premiums that will provide the same superior Pro-Sure cover. So watch this space. In the interim we have alternative covers for all new
business and insurance renewals. Whilst these alternative policies may not have all of the Pro-Sure benefits they are among the best policies
available in New Zealand.
For more information please call us on 0800 699 800
"I thought I had a comprehensive insurance policy! My tenants left having
damaged the property and owing rent. The final bill was $40.000.00 and the
policy did not pay out. I now have a Pro-Sure Max policy and have peace of mind
as I am insured properly."
"I purchased a Landlords Policy that I thought gave me full protection. However
when I came to claim for loss of rent due to abandonment by the tenant, I
discovered that my policy only covered for Loss of Rents when there had been
malicious damage to my property. The moral of my story is to make sure you read
the policy details and understand the cover you are purchasing."
The Pro-Sure suite of Landlord products provide malicious damage cover.
The level of cover provided depends on the policy you choose. This ranges from
cover with a limit up to the replacement value of the property for the Pro-Sure
Max policies down to $20,000.00 cover for the Pro-Sure Pro policy.
The Pro-Sure policies cover damage done by the tenant, their guests or invitees.
"I had a tenant who thought it would be funny to put quick-set concrete into my
toilets and plumping. Apparantly 'malicious damage' wasn't covered by my policy.
60 % of the concrete floor had to be cut out to remove and replace the drains
involved, all very costly and disruptive".
"My tenant removed load bearing walls and the roof caved in. We lost our house.
The insurance company said we qualified for only $20.000!"
"Out of control party guests did this damage that I had to pay for, as my policy
only covered tenants."