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News
Rebuild costs outpace inflation, exposing sum insured gaps
1+ week, 6+ day ago (465+ words) The analysis, published as part of the ICA's annual Insurance Catastrophe Resilience Report, draws on Cotality's Cordell Construction Cost Index (CCCI). It shows building costs rose around 30% in the five years to March 2026, against consumer price index growth of about 24% over…...
When your home becomes a rental: The insurance most owners forget to update
2+ week, 6+ day ago (976+ words) In today’s shifting housing market, homeowners who are unable to secure their desired sale price are increasingly turning their properties into rental homes rather than selling. According to Kara Ng, senior economist at Zillow, 2.3% of the homes currently listed for…...
Insurance costs down, but there's a widening gap between premiums
2+ week, 6+ day ago (466+ words) Many households may have finally seen their insurance premiums get cheaper but the gap between the cheapest and most expensive premiums may also be getting wider. Stats NZ data shows average home insurance premiums between April and June this year…...