GET OUT OF PETONE
A bad sign is when it seems obvious that insurance companies are going to raise their premiums for property insurance beyond the affordability of the average homeowner or retailer - and even suspend insurance cover.
So this is what is forecasted for a large majority of the Lower Hutt sea side, low-lying suburb of Petone as well as areas heading towards Eastborne.
The issue is climate change which is now well embedded and will see a rising sea and excessive rainfall during year upon year.
As well there is the sinking of the land to contend with.
And there is little that the local authority or the residents of the affected areas can do to barricade against the real prospect of submerging properties within the next 15 years rain-wise and 30 years sea-wise.
Jackson Street with its huge retail presence including around 80 eateries and housing beyond Jackson Street in both directions will be swept away or uninhabitable and all either uninsurable or unaffordability of being insured.
I have friends who help design the only new residential home in Jackson Street in maybe 60 years. And their flash two storey modern home of some 3 years will be mainly useless against the torrent of flooding.
I spent all my teenage years living in Petone, played rugby for Petone and later was for a time connected with the Petone Athletic Club and worked in Petone for two different companies. But my advice is for those living there right now is to get out and live somewhere less likely to be severely waterlogged. You can sell at the market price right now to many silly or naive people unaware or unperturbed by what the future has in store.
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Advice please, declined house insurance cover
Looking for advice please. Has anyone had any issues reinsuring their homes. Our current house insurance went up by 11.5%, so I decided to get another quote. At the end of a very long phone with Tower, they declined to insurance us, saying our property is a landslide risk. I'm on Wyndham Road in Pinehaven. While the house is up off the street, the house itself and backyard are on the flat part of our section. Now - in the interest of full disclosure - I'm going to have to tell our current insurer too. I've rung the Council to see if they've updated their hazards mapping - and they said the only update has been to the Pinehaven Overflow. Have lived in this house since 2003, and insurance has never been an issue till now. TIA
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