Insurers Scrutinise Flood-Prone Areas
Monday 26 January 2004
Insurers are taking a closer look at flood-prone areas of New Zealand, as the country suffers an increase in erratic weather patterns.
By The LandlordThe Insurance Council is urging property owners to be more weather-conscious, after rain and high winds caused surface flooding and minor property damage in the lower North Island yesterday.
Chief executive Chris Ryan says owners must be better prepared for unseasonable downpours that may cause flooding, and take precautions such as making sure routine maintenance is carried out on roof guttering and stormwater drains. He says that in the future, failure to keep property in good order could be taken into account when flood-damage claims are lodged.
Read More - Opens in a new window
Commenting is closed
There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.
LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.