Insurance Information

I am sure there will be a collective sigh of relief from many people out there as interest rates are about to drop or, in some cases, have already dropped. 

According to the Radio New Zealand website a larger than expected half a percentage drop to 7.5% in the cash rate will also offer some relief to the growing inflation that sees considerable increases in costs for all businesses and individuals alike.

Here’s hoping that this sees the return of a period of growth for all New Zealanders.

On Thursday 11 September 2008 both Kiwibank and Westpac

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We are often asked why we encourage commercial building owners to get valuations every two years. Many owners see this as an additional cost that they do not need to have. However, given that the main reason for having insurance is to protect the owner from the big event then it is really important to make sure that your policy covers you for the full replacement of your building. 

During the last two years there has been some large increases in building replacement costs because of the rise in labour, compliance and material costs.

According to John

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A light hearted one to kick of the insurance information blog:

Here are a few funny insurance claims that brokers around the world have received - hope these unfortunate accidents never happen to you.

The Bazza humor archive have some good ones as compiled by the Insurance Information and Statistics Center (CDIA) in Paris:

– “I admit I went through the intersection without looking to see if anyone
was crossing, but I had gone through the same intersection less than an hour
before and no one was there.”
– “I am planning to lend my car to someone who doesn’t know how to drive,
but beforehand can … Continue Reading