The Insurance and Financial Services Ombudsman is warning businesses their insurance may not cover them for losses resulting from online marketplace scams.
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insurance
If your business has been impacted by a significant weather event, managing the insurance process is often a lot simpler than you might expect if you follow the right process. Here are some simple tips and strategies to help make your insurance claim easier to manage.
When you take out an insurance policy, you’re counting on it being there for you when you need it. But some simple mistakes can mean you don’t have the cover you expect.
Here are some of the things that get in the way of New Zealanders getting the best results from their insurance policies.
From 1 October 2022, the maximum amount of cover EQC provides on home insurance policies increases from $150,000 to $300,000 per dwelling, plus GST.
The increasing frequency of severe weather events, predicted rising sea levels and climate change are expected to have significant impacts on insurance for property owners in the future.
Of course, Vero are there to pay claims if the worst happens, but keeping your business going and ensuring your people are kept safe is their top priority.
It may be tempting to share your holiday plans and snaps on social media, however keep in mind you could also be advertising your empty home to potential burglars.
Affordable cancer treatment and care is something many of us are worried about. Without full medical insurance which can be expensive, you are reliant on the public health system for treatment.
No one likes to think about what would happen if they developed a serious illness. Optimistically we may believe that while this might happen to others, it won’t happen to us. However, life is not always predictable.
If you are selling your home to move into a retirement village, don’t make the mistake of cancelling your home insurance too early.
Following the Sky City hotel fire and other high profile losses, there has been a lot of discussion regarding potential liability claims for sub-contractors.
According to new research from the Financial Services Council, New Zealanders who take advice from an adviser have much more confidence in their cover, compared to those who purchase insurance online.
Every now and then the question comes up of whether third party motor insurance should be made compulsory in New Zealand for all motor vehicles.
Australia’s Financial Services Council is enacting a moratorium on life insurance genetic test results as a binding standard - and its counterpart in New Zealand says it’s an issue that’s on the agenda here too.
In a well-publicised High Court judgment former directors of Mainzeal Property and Construction Limited (in liquidation) were found liable for breach of their directors’ duties by trading recklessly whilst the company had been insolvent over a period of years.
Most people know that insurance policies include an excess. But if you’ve never made a claim you might not really know what an excess is for, or how they work.
Even if you’ve read your policy information thoroughly or have made claims before, there are a few things about insurance excesses that you may not know.
We have experienced rapidly increasing house prices over the past few years, increasing the value of what for many of us will be our biggest asset. But does this mean we are actually any wealthier and are we making the same smart decisions we made when our properties were worth less?
Recent figures from Sovereign show that cancer continues to be the leading cause of life and trauma insurance claims.
Cancer made up 49.6% of Sovereign life insurance claims and 68.3% of trauma claims in the 12 months to 30 June 2016. with over $115 million paid out during this time frame.
What if you bought a product which contained features that you never used – were they still worth something?
Most of us will never reach the top speed our cars are capable of. Most people never take their four-wheel drive vehicles off-road. Half of my friends don’t use half of the features of their smartphones. And on and on. Were those things worthless?