New Zealanders ‘deliberately underinsuring’ homes
Almost a third of Kiwi homeowners are not confident they are adequately insured, CoreLogic finds.
Some areas which have not flooded for many years may be at risk of an extreme event.
More than a third of homeowners decide how much they need to insure their properties for based on average values in the area or a ‘best guess’, a new survey by CoreLogic shows.
The poll highlights New Zealand’s established problem of home underinsurance amid high construction cost inflation,
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