by Ben Rickard | Nov 2, 2020 | Insurance
Declined. Not Covered. These are not the words you want to hear when something has gone wrong and you need to rely on insurance to help out. But if you have not regularly reviewed your risk profile and insurance requirements, notified your insurer of changes to your...
by Ben Rickard | Oct 20, 2020 | Insurance
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...
by Ben Rickard | Jul 13, 2020 | Insurance
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...
by Ben Rickard | Jul 8, 2020 | Insurance
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...
by Ben Rickard | Jun 30, 2020 | Insurance
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...
by Ben Rickard | May 21, 2020 | Insurance
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...
