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The Christchurch residential property sales market is stalling as insurers try to minimise coverage.
IAG and Vero have cited a 1990 case involving a fire in which the court upheld that the insurer should only have to pay indemnity value – the current depreciated market value, rather than
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Chris Hutching for NBR NZ Property Investor
Thu, 26 Jul 2012
Thu, 26 Jul 2012
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Insurers try to minimise exposure
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