Following the leaky homes crisis of the early 2000s (many would say it is still ongoing) insurers wanted to limit their exposure to what they saw as the substantial risk of claims from external water penetration into buildings. They saw this as a risk that was just...
Claim 1 – Electrician In this first claim a customer complained to WorkSafe after being dissatisfied with the work performed by the insured. The complaint was then referred to the Electrical Workers Registration Board. It emerged that the company had not...
Market value is generally defined as the reasonable sale price of the same or a comparable vehicle immediately before the loss, excluding GST and any signwriting, wraps or artwork, but including the value of accessories*. This value needs to take into account the...
Claim 1 – Landscaper A contractor was doing some landscaping work at a client’s property when they accidentally put a shovel through a buried telephone cable. Chorus made the repairs and sent the contractor a bill of $3,000. The landscaper made a claim...
This is a question some of you will be asking during these uncertain times. It’s a fair question as people look to reduce costs in anticipation of an economic slowdown. In General The value of insurance is that you pay a predictable, regular amount (the premium) to...
How A Guarantee Can Help You Win Clients In Uncertain Times + Other Ideas To Help Your Business In the last month more than 250 builders have enquired about becoming accredited for our independent 10 Year Guarantee. This is on top of the more than 100 who applied in...
