Policyholders are being cautioned that they should learn about these changes to ensure that they are properly covered. Officials in New Zealand are warning homeowners insurance policyholders that there are some major changes on the way, and that they will likely be placing the liability for correct valuations on the back of the property owners. This announcement was from the Insurance Council of New Zealand, which is warning property owners to take necessary steps. Homeowners insurance companies are preparing to introduce a new method of sum-insured calculation that would come…
Read MoreHomeowners insurance policy changes on the way in New Zealand
