No false alarm: Fenz levy premiums will jump ‘an average’ 71%
Fire and Emergency NZ's levy will ramp up significantly from July for commercial building owners, after a change to insured value, which strips out depreciation.
Owners of older commercial buildings can expect to see a significant bump to their insurance premiums when the new Fire & Emergency New Zealand levy kicks in.
The recalculated levy, which becomes effective on July 1, remains linked to property values and is lumped into insurance premiums.
