About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Friday, December 14th, 6:30PM
rss
Latest Headlines

Making insurance easier

Modifying or adding to their rental property insurance has just got a lot easier for landlords – if they have a policy with Initio.

Friday, October 26th 2018, 9:00AM

by The Landlord

The insuretech company has just launched a new online process which allows customers to fully manage and modify their insurance policy without having to wait for a confirmation.

This includes being able to increase or decrease the replacement value or excess of their rental property.

Live Policy uses a personalised dashboard to facilitate this and enables customers to make changes instantly at any time of the day or week.

Initio CEO Rene Swindley says Live Policy gives more control to their customers.

It also helps them avoid the traditional, clunky process which requires the customer to make direct contact by phone or email to request cover changes, he says.

“It’s about giving the customer total control over their insurance and it’s about getting away from having to wait in-line at a call centre.

“We felt that being able to modify your insurance when you wanted adds significant value to a more transparent and responsive insurance experience – so we built Live Policy.”

Since its launch in 2011 Initio has always used technology to push the boundaries of insurance for the benefit of the end user, Swindley says.

“Insurance doesn’t need to be complicated. Our overriding mission is to make insurance more approachable for homeowners and landlords.”

The launch is timely as it comes just days after the release of a major global insurance report, conducted by reinsurer Lloyds, which lists New Zealand as the second riskiest country for insurance.

A World at risk: Closing the insurance gap, ranked 43 countries on their expected loss from disaster by looking at the probability of a natural disaster happening and multiplying that by the cost.

New Zealand has an annual expected loss of 0.66% of its GDP – which puts it second behind Bangladesh on 0.83%.

Insurance Council chief executive Tim Grafton says the report shows how risky New Zealand really is.

“Since the last report in 2012, we’ve seen the cost of the Canterbury earthquakes continue to rise, a second major earthquake striking KaikĊura and Wellington and a major flood in Edgecumbe.”

“As a risky country, it’s important we remain well-insured. That means not only ensuring we insure our assets but making sure coverage of those assets is sufficient to replace them.”

Tags: house insurance property investment risk

« Higher meth test levels, lower premiumsClimate change insurance threat »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.79 4.55 4.79 4.99
ANZ Special - 4.05 4.29 4.49
ASB Bank 5.80 4.44 4.69 4.89
ASB Bank Special - 3.95 4.29 4.49
BNZ - Mortgage One 6.50 - - -
BNZ - Rapid Repay 5.95 - - -
BNZ - Special - 4.10 4.29 4.49
BNZ - Std, FlyBuys 5.90 4.69 4.79 4.99
BNZ - TotalMoney 5.90 - - -
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.15 5.20 5.25 -
Lender Flt 1yr 2yr 3yr
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.70 4.85 -
Housing NZ Corp 5.80 4.69 4.79 4.79
HSBC Premier 5.89 3.99 4.19 4.69
HSBC Premier LVR > 80% - 3.79 - -
HSBC Special - - - -
Lender Flt 1yr 2yr 3yr
ICBC 5.80 4.59 4.69 5.09
Kiwibank 5.80 4.55 4.69 4.99
Kiwibank - Capped - - - -
Kiwibank - Offset 5.80 - - -
Kiwibank Special - 4.05 4.29 4.49
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 6.10 5.10 5.45 -
Resimac 5.30 4.86 4.94 5.30
RESIMAC Special - - - -
SBS Bank 5.89 4.85 5.05 4.49
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 4.19 3.95 4.49
Sovereign 5.90 4.45 4.69 4.89
Sovereign Special - 3.95 4.29 4.49
The Co-operative Bank - Owner Occ 5.75 4.10 4.35 4.49
The Co-operative Bank - Standard 5.75 4.60 4.85 4.99
TSB Bank 5.80 4.45 4.69 4.99
TSB Special - 3.95 4.19 4.49
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.95 4.69 4.79 5.19
Westpac - Offset 5.95 - - -
Westpac Special - 4.15 4.29 4.59
Median 5.89 4.50 4.69 4.79

Last updated: 2 December 2018 8:39pm

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com