WealthDesign

If your home is currently insured for an unspecified replacement cost, on renewal your insurance policy will shift to a maximum specified amount. This total specified amount is the maximum the insurance company will pay in the event of a total loss. This is a big deal – it is important to check your total sum insured.

If you set it too low, you may have to rebuild to a lesser size or quality, or top up the rebuilding costs. If you set the total sum insured too high, you will pay more than you need to pay. The insurance company will only pay what it costs to rebuild.

Keep in mind too that rebuilding in the country can be more expensive than rebuilding in town.

Take the time to check your insurance; getting it wrong could be a very costly mistake.

We continue making the complicated simple – including the new home insurance changes! Give us a call now – let’s get this one sorted for you. 

Over the last few years The Financial Services Council (FSC) has completed two major reports. (more…)

For over 12 years WealthDesign has worked with a couple of key partnerships to provide a wide range of services to our clients.

We have worked with Wanganui Insurance Brokers to provide access to quality general insurance broking skills and knowledge. There is a saying that someone can’t be a master of all things, and we agree. You need a specialist in this field. You only need to look at the Christchurch example to see the issues one can have if you select the wrong insurance company or the wrong insurance policy. When a major claim happens, you want people in your corner, people happy to fight for your benefit.

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