Since the Canterbury Earthquakes of 2010/11, the New Zealand insurance property market has witnessed significant change.
Morgans Property Advisors can provide residential, commercial and rural insurance valuations to ensure that your most valuable assets are adequately protected.
Residential property owners are now required in most cases to provide a Nominated Sum Insured. This places the responsibility on individual owners to establish the appropriate level of insurance for their asset.
Items that will require replacement cost and indemnity values include:
- Associated buildings
- Retaining walls and fences
- Swimming pools
- Tennis courts
The Nominated Sum Insured will include an allowance for demolition, professional fees, building consent, compliance and inflation.