Viewing entries in
Insurance

dealing with existing medical issues

dealing with existing medical issues

Whenever you apply for personal insurance cover, the insurers will ask you a series of questions to assist them to make an underwriting decision. These will cover things about your current and past health, your occupation, pastimes and family medical history.

Insurers tackle genetic testing

Insurers tackle genetic testing

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.

Extra house insurance cover at no extra cost!

Extra house insurance cover at no extra cost!

SumExtra is a 'top up' cover that makes your AMP Home Plan - Maxi cover home insurance go further. It provides extra financial help if the cost of repairs or replacement for your house are ever more than your Sum Insured.

Directors in the spotlight

Directors in the spotlight

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.

Your insurance excess explained

Your insurance excess explained

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.

How to manage work risks

How to manage work risks

Different businesses will have different health and safety risks. It all depends on the type of work you do.

A healthy and safe workplace starts with identifying and understanding what your work-related health and safety risks are; particularly those that have the potential to cause people serious injury or illness.

short term security or long term protection?

short term security or long term protection?

Life insurance cover provides two main premium options – ‘stepped or ‘level’.

‘Stepped’ premiums increase yearly with age, any inflation adjustments and general changes in premium rates. Premiums are very affordable in the short term, becoming increasingly expensive in later years.

do you really need health insurance in nz?

do you really need health insurance in nz?

As a resident of New Zealand, you can rely on the public health system for emergency care and treatment for serious conditions. Relying on the public system, though, can have its disadvantages.

cocksy's story

cocksy's story

Cocksy is a New Zealand celebrity builder. But a diagnosis of terminal cancer meant he couldn’t work, and got him thinking about what he wanted to do with the life he had.

His Asteron Life insurance is helping him live his life the way he wants to, and plan for what he wants to leave behind.

insurers paid out a record $2.55 billion in claims in 2017

insurers paid out a record $2.55 billion in claims in 2017

In 2017 the number of insurance claims from "extreme events" broke records last year, testing the sector's ability to keep up with nature.

The Insurance Council of New Zealand says total settlement cost of events in 2017 reached $2.55 billion.

are you relying on other drivers' insurance?

are you relying on other drivers' insurance?

When you drive, you’re constantly checking your surroundings. You’re keeping an eye on other motorists around you, and making a mental note of who’s speeding up, slowing down or turning.

You rely on other motorists to do the same thing – but accidents still happen.

If someone else makes a mistake and causes an accident – are you also relying on them to have insurance?

are you a bulletproof superhero?

are you a bulletproof superhero?

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?

cancer continues to lead claims

cancer continues to lead claims

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. 

Earthquake update

Earthquake update

We are now back in our offices and operating after the recent earthquakes and our team are standing by to help our clients. Here's what you need to know:

Clients with earthquake damaged land or property or contents need to lodge a claim with EQC first on 0800 326 243 or online.

Are things you never use worth buying?

Are things you never use worth buying?

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?

Disclosure - what and why...

Disclosure - what and why...

Insurance companies ask a range of questions on policy application forms to obtain all of the information they might need. You must provide all the information you are asked for. But your duty to give information is not limited to the questions on the application form. Legally, you must tell your insurer about anything that could affect its decision to insure you or the terms and conditions you will be offered.

Be extra careful on the roads...

Be extra careful on the roads...

With a large increase in motorists during public holidays, we'd like to take this opportunity to encourage you to be extra careful on the roads.

Each year our insurers see an increase in claims for collisions over public holidays. In fact, over the last five years claims over the Easter holiday period have spiked by around 10% compared to the weekly average for the rest of the year. Last year was particularly bad with Easter collision claims about 19% higher than the weekly average.