Wearable devices, like Fitbit watches, are becoming more and more popular and insurers are interested in the data they collect.
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Insurance
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.
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.
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.
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?
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.
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.
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?
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.
Are your carpets considered to be part of your house contents or part of the house? Could be either as it turns out so it pays to read and understand your insurance policy wording.
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.
Figures on how New Zealanders spend their insurance dollars show we value our belongings more than we do ourselves.
Research undertaken by EY reveals New Zealanders spent 5.5 times more on non-life insurance premiums in 2011, than we did on life insurance premiums.
Contents insurance covers more than just TVs, mobile phones and jewellery -- as a new list of curious claims released by AA Insurance proves.
In the last few years, it's paid out for a damaged jade cabbage sculpture, a stolen horse massager and a foldable electric skateboard
You’ve probably made a smart decision to protect those dearest to you with Life Insurance. But could you afford to pay the bills and medical fees if you were debilitated by a life threatening illness or injury? That’s why you need Trauma Cover.
Ever wondered if students really need contents insurance for a couple of boxes of clothes and a laptop?
A recent article in The New Zealand Herald reported the Insurance Council saying last year was one of the most expensive years for storm damage, with more than $174 million of insured costs arising from weather-related events.
Horror stories of people paying huge amounts for healthcare overseas when they find out that they aren’t covered by their insurance are all too common. As are the many stories we don’t hear about large premiums being paid but then when the need arises, the policy does not cover what you really need it to. By then it is too late.
Check out what the Health Funds Association of New Zealand have to say about health insurance…….you can read it here..
While this article gives great information, the best thing to do to make sure your insurance is there for you when you need it, is to talk to someone independent who really knows this stuff inside out. And not just from one provider, but across the many companies in New Zealand who offer health insurance. Contact Us for further information.
If you own a residential rental property, then the answer is definitely ‘yes’.
With the change from ‘area replacement’ to ‘sum insured’ cover for house insurance, many people are struggling to determine an appropriate amount of insurance to have in place on their home. So, is the default amount specified by the insurance company enough?