Mortgagee Sale and Insurance

[Lave7477]

Hi, I am trying to purchase a mortgagee sale property in Auckland, and I understand that I would be responsible for insuring the property from when my offer is accepted (assuming it gets accepted), does anyone know any insurance companies who would cover this as the ones I phoned today all said they...

[EddieHJJ]

Hi everyone,

Wonder if someone comes across this and can give some advice:

I have a residential tenant who uses part of the property (garage) as a storage space for their material and gear for their private business.

So my questions are:

1. Can I consider the interest

...

[Sanya]

Homeowner warning: Insurance cover may not be enough as building costs soar

See https://www.stuff.co.nz/business/pro...ing-costs-soar





I'm just wondering from any builders or...

[benz1]

Can anyone suggest any insurance companies that will cover landlord's property stored at the rental property (under lock & key)? My existing insurance company, AMI, won't cover it. The only company I found that will cover it is Vero, via a broker, but they require that you take out their house policy...

[Jman89]

Hello,

The kitchen bench at my rental property has been damaged by the tenants, accidental or otherwise. It is a laminate bench top that has cracked right through at its narrowest part where the sink is installed. Are my tenants liable to pay for this damage or pay the excess of an insurance...

[SwissKiwi]

Hi all,

Is anyone aware of a company/broker who can arrange insurance on an old house with scrim walls?

House has been rewired.

Seems like scrim is about as popular as an airborne virus.

Grazie,
SK

[Alexy]

Hi all,

if a tenant causes a fire in the apartment, would the unit and and fixtures be covered by the body corporate insurance?

thanks

[simongu]

Just a bit of a rant here, I notice from the latest property insurance invoice for one of my 2-brm units, that although the actual premium itself has had its usual double digit annual increase (to ~$530), due to the increase in EQC levy from $200 to $300 this plus the other taxes (Fire, GST, Natural...

[JaMa]

We took out insurance through Real Landlord Insurance (rlinz) which was a suggestion from our property management company when we bought our rental. A number of years later we are looking at selling the property. On phoning rlinz they advised that as they only insure the property when it is tenanted...

[cube]

https://www.nzherald.co.nz/nz/news/a...ectid=12252718

Make sure your excess is set to 4 weeks rent to minimize insurance costs?

Balance of probability that insured damage is caused by tenant or not, I guess....

[mudbomber]

Hello folks,

My wife and I have a live offer on a property which is a nicely renovated 1950s home. At some point they have put in a small second bathroom downstairs (post 2000s I believe). There is nothing in the property file or LIM about it. I have an offer of finance that requires...

[Rubicon]

Our staircase is broken because of borer under the carpet. We did not realise until we went through it. The entire staircase is infected and needs to come out. Will insurance cover this?

Thanks.

[khayyam]

We are considering a (weatherboard) house which has an addition with no CCC. The owners had the council out to inspect, many years after the addition was done, and the council refused to issue a CCC and instead sent a section 95A letter detailing the reasons they won't issue a CCC.

Despite...

[Beano]

How have you found the bank view when it comes to insurance ?

1: If the building forms only a small portion of the value of the property and contributes little income vs the land value and providing the income have you found the bank willing to forgo the right to insist on insurance...

[Kurlykiwi]

Does anyone include a clause in your tenancy agreements stating tenants are responsible for taking out insurance to cover their possessions while renting the property? Or something that specifically states their contents is not covered by any insurances help by the landlord? Also for a fixed term tenancy,...