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waterfront insurance to rise prohibitively

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  • waterfront insurance to rise prohibitively

    but kiwis still buying like there's no tomorrow

    front page story sunday star times

    all this worldwide hurricane/typhoon/cyclone storm-surge damage has to be paid for

    AND

    insurance companies want more in the bank for the rising future risk

    PLUS

    the recent rise of; quake, tsunami + volcano damage
    Last edited by eri; 14-10-2018, 12:50 PM.
    have you defeated them?
    your demons

  • #2
    Yes, we were talking about it at the conference.
    Free online Property Investment Course from iFindProperty, a residential investment property agency.

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    • #3
      hi what does this mean? just sea front? or anywhere near a sea? what about rivers and lakes?

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      • #4
        Chat with an insurance broker ;-)
        Free online Property Investment Course from iFindProperty, a residential investment property agency.

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        • #5
          let's guess

          lakefront, <5mt above water level, in quake zone;............................. eg. queenstown, wanaka... 1x risk premium added
          ......"......................."................... ..."............ + geothermal zone...eg taupo, rotorua..............1.5 x risk premium

          seafront..................."...................... ............................................eg kaipara, manukau, far north bach....1x risk premium
          seafront..................."...................... ."..........................................eg wellington, kapiti, gisborne, napier..2x risk premium

          1x +25%? for annual insurance (maybe 50% because the gov ecq levy may make it +25% by itself)
          2x risk 50%? (maybe +60% with ecq levy)

          quake zone .....the south island alpine fault could let loose any time, flattening buildings and perhaps generating a 5mt tsunami??

          seafront .......increasing risk of storm surge damage west coast with prevailing winds
          increased tsunami risk east coast esp. round the hikurangi trench off east cape
          Last edited by eri; 09-11-2018, 05:42 PM.
          have you defeated them?
          your demons

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