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Insurers try to minimise exposure

Chris Hutching for NBR NZ Property Investor
Thu, 26 Jul 2012

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
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Insurers try to minimise exposure
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