Underwriter Update. 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
The Pro-Sure suite of Landlord products provide comprehensive rent loss cover.(For the Pro-Sure Essential policy please see the policy wording as the terms are different) Rent Loss Protection standard $1,000 maximum rent per week
· Abandonment 6 weeks/ until re-let
· Rent arrears 14 weeks max
· Prevention of access 52 weeks/ re-let
· Prevention of use due to murder / suicide 52 weeks/ re-let
· Prevention of access due to death of tenant 6 weeks/ re-let
· Prevention of access due to damage 52 weeks/ re-let
· Shortening of fixed term / suffering loss 52 weeks/ re-let
· Failure to vacate after Tribunal order 18 weeks/ re-let
"I lost 15 weeks of rental income while the police investigated a crime that took place in my property, and they took their time cleaning up."
Full details can be found in the policy wording document. Click Here