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

 

Less intrusion for tenants

Property inspections are a form of risk management that helps to reduce and identify malicious damage and meth losses. However, the issue of insurers moving to three monthly inspections has been debated recently, with many feeling that it is too frequent and intrusive for tenants.

The NZ Property Investors’ Federation (NZPIF) is very pleased that their specialist rental property insurance supplier, Initio, has just increased for our members the required period between property inspections from three months to four.

The benefit of fewer inspections is only available for NZPIF members, including those in the new $25 per year Associate Membership category, and the move reflects Initio’s data which shows that members’ rental properties suffer less tenant related damage losses compared to non-member properties.

“This is great news for our members” says NZPIF Executive Officer, Andrew King. “In addition to getting a special price on an already well priced and specialist rental property insurance product, our members and their tenants will now get the additional benefit of fewer inspections.”

“It is gratifying to have it acknowledged that the education and support we provide to members is leading to them being better rental property providers for both tenants and suppliers”.

People can find out more and join at www.nzpif.org.nz.




© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Up 17.% In June Year: Fuel And Rent Drive Inflation

The consumers price index (CPI) rose 0.6 percent in the June 2019 quarter, due to higher prices for petrol and rent, Stats NZ said today. More>>

ALSO:

Services: Softer June Points To Economic Slowdown

Activity in New Zealand's services sector softened in June, adding to a picture of lacklustre economic growth. The BNZ-BusinessNZ performance of services index fell 0.8 of a point in June from May to a seasonally adjusted 52.7. More>>

ALSO:

Incomings: Migration Remains High

Annual net migration was provisionally estimated at 50,200 (± 800) in the year ended December 2018 compared with 52,600 in the previous year, Stats NZ said. More>>

ALSO:

BusinessDesk: ComCom Files High Court Proceedings Against Westpac

The commission alleges the bank breached the Credit Contracts and Consumer Finance Act 2003 by failing to provide key information it was required to give customers under the law. More>>