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Here is another interesting Wellington real estate related news article that we thought may provide you with helpful information.


Recurring natural disasters and extreme events are an ever-present reminder for New Zealanders about the importance of insuring their homes. Earthquakes in Wellington, Christchurch and Kaikoura and Cyclone Gita have hit households and insurers, generating unprecedented interest in the residential insurance sector.

The Insurance Council of New Zealand says severe weather events cost insurers more than $226 million in 2018 – with more than half paid out as home and contents insurance claims. For two consecutive years (2017-2018) insurers have had to process a record number of claims.

Press Release – Canstar

Canstar General Manager Jose George says: “The events of the last few years mean New Zealanders need no reminding about the importance of taking out home and contents insurance. But for some living in areas which are deemed at greater risk of natural events, insurers are showing themselves more wary about extending cover.

“Rising sea levels and climate change will also substantially change the picture for insurers and homeowners over the next few years.”

Canstar is pleased to announce that FMG is the winner of its Home and Contents Insurance Most Satisfied Customers Award.

Jose George says: “It’s always wonderful to congratulate a new and first-time winner and FMG has certainly earned its place at the top of a very competitive market.

“FMG’s stellar performance is highlighted by……….

Continue reading this article at the original source from Scoop Wellington





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