Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Quakes a reminder about being prepared

Quakes a reminder about being prepared

Karen Stevens, Insurance & Savings Ombudsman, states “The recent earthquakes are reminder to us all that we need to check we are prepared for earthquakes. This includes checking our insurance cover. We know through our experience of dealing with insurance issues in Canterbury, that there are a number of things people can do to help themselves.”

The Insurance & Savings Ombudsman Scheme has dealt with a number of complaints relating to insurance claims as a result of the Canterbury earthquakes. Some of these complaints highlighted how small slip-ups with insurance can have a bit impact. Common issues people contacted the ISO Scheme about were: lapsed policies (lapse), confusion about what was covered under the policy (scope of cover and scope of cover 2 ), lack of documentation/ proof of ownership and failure to document the damage.

Ms Stevens, explains “the four things people can do to help themselves is:

1)    Make sure your insurance premiums are paid and you have renewed your policy.
2)    Read your policy to ensure you know what you are/ are not covered for.
3)    Document your contents. We suggest people take photos or videos of their possessions, as well as keeping receipts for major items.
4)    If you have suffered damage, call your insurer and document everything (make lists and take photos) before you begin cleaning up the damage.”

The ISO Scheme has produced information sheets and FAQ, which are available at www.iombudsman.org.nz about Canterbury earthquakes and other common insurance problems which can help people understand the issues they might face.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: Equity Crowd Funding Carries Risks, High Failure Rate

Equity crowd funding, which became legal in New Zealand this month, comes with a high risk of failure based on figures showing existing forays into social capital have a success rate of less than 50 percent, one new entrant says. More>>

ALSO:

Scoop Business: NZ Migration Rises To 11-Year High In March

The country gained a seasonally adjusted 3,800 net new migrants in March, the most since February 2003, said Statistics New Zealand. A net 400 people left for Australia in March, down from 600 in February, according to seasonally adjusted figures. More>>

ALSO:

Hugh Pavletich: New Zealand’s Bubble Economy Is Vulnerable

The recent Forbes e-edition article by Jesse Colombo assesses the New Zealand economy “ 12 Reasons Why New Zealand's Economic Bubble Will End In Disaster ”, seems to have created quite a stir, creating extensive media coverage in New Zealand. More>>

ALSO:

Thursday Market Close: Genesis Debut Sparks Energy Rally

New Zealand stock rose after shares in the partially privatised Genesis Energy soared as much as 18 percent in its debut listing on the NZX, buoying other listed energy companies in the process. Meridian Energy, MightyRiverPower, Contact Energy and TrustPower paced gains. More>>

ALSO:

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Houses (& Tobacco) Lead Inflation: CPI Up 0.3% In March Quarter

The consumers price index (CPI) rose 0.3 percent in the March 2014 quarter, Statistics New Zealand said today. Higher tobacco and housing prices were partly countered by seasonally cheaper international air fares, vegetables, and package holidays. More>>

ALSO:

Notoriously Reliable Predictions: Budget To Show Rise In Full-Time Income To 2018: English

This year’s Budget will forecast wage increases through to 2018 amounting to a $10,500 a year increase in average full time earnings over six years to $62,200 a year, says Finance Minister Bill English in a speech urging voters not to “put all of this at risk” by changing the government. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news