The bank’s general manager of Canterbury Growth, Tracey Berry, said it had been virtually impossible to get new insurance policies issued on TC3 properties in the past. That had made selling the 28,0000 TC3 properties difficult.
But higher building standards introduced since the quakes had given Kiwibank the confidence to facilitate applications for insurance.
Kiwi Insurance is available to any Kiwibank customer – not just those with home loans.
It is underwritten by TOWER.
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