Eagerly awaited meth standard delayed

Tales of meth contaminated rental properties continue to make headlines but there is a growing awareness that the extent of the problem may have been overstated.

For example, a recent Initio Insurance analysis of claim statistics, done for the Auckland Property Investors Association, revealed that meth contamination only makes up about 3% of overall claim numbers.

It also showed that meth contamination costs come in at around 6% of overall insurance claim costs.

However, the prospect of meth contamination remains a genuine concern for most landlords – not the least because of widespread confusion when it comes to testing and remediation.