Is your house insurance valid? Ours wasn't!
we have just bought and are selling a house and through the LIM and our lawyer, discovered that the wood burner in the house we were buying was not on the original building plans and did not have a current compliance letter. Therefore we were informed by our lawyer, in the case of a fire our insurance could be invalid.
I then went and checked the house we are selling and guess what ... that wasn't on the council records and didn't have any letter of compliance, so our current , very expensive insurance as we have tenants , is also not valid for a fire!
I'm rushing around getting it compliance checked and registered on the council files but just thought I might share this as many of you might be in the same boat without realising it.
Also, for all you renters out there, I was recently advised that if you have contents insurance it can also stop you from being liable if there is a fire. I didn't know as tenants you could be held liable but apparently you can... worth looking into.
Maybe someone better versed in New Zealand law / insurance may want to comment.
Poll: Is it ok to regift something that you have been given?
🎁 Holiday Gift Chat!
Do you ever regift?
What’s your take on asking for a receipt if a gift doesn’t fit?
-
60% Yes! It's better to regift what I don't need
-
40% No. It's the thought and effort that matters
Neighbourhood Challenge: Who Can Crack This One? ⛓️💥❔
What has a head but no brain?
Do you think you know the answer? Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments at 2pm on the day!
Want to stop seeing these in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
We want to know: Have you thought about cutting your insurance cover to save costs?
Senior business reporter Rob Stock tackles a big question many of us have wondered about: “What are the pros and cons of cutting back on insurance?”
So we’re curious… What are your thoughts on trimming your insurance cover? Have you ever considered it?
Want to dive deeper? Rob Stock has the full breakdown.
Loading…
