How Much Will Your House Insurance Policy Really Pay Out?

John Heritage from John Heritage & Associates

I’m sure that for most of us our home is our biggest asset and that we’ve gone to the trouble of insuring it. And I’m equally sure everyone assumes their chosen insurer will cough up the amount required to rebuild our pride and joy if we’re caught up in the next wildfire or earthquake? Sadly, in most cases, this will not happen due to a nasty little clause tucked away in the policy’s small print that says “all sums insured are GST inclusive”. So what, you’re probably thinking. Well – your schedule may say your house is insured for $400,000, but if that includes GST it means you’re really only covered for $348,000, which will probably mean you’ll be left short and not have enough money to rebuild. And since that is the main reason you insured your house in the first place you’ll be rightly ****** off. The policy I recommend would give you the full amount you’re insured for with any GST paid on top ie an extra 15% cover. Not only that, but if your rebuilding cost is still not covered they will give you up to 10% more. This all comes at no extra charge, and this policy is usually no dearer anyway.

And that’s not all. My recommended policy pays more than most in other areas too inc:
• Retaining walls
• Clearance of rubble
• Landscaping after rebuild
• Alternative accommodation if your house is unliveable

To avoid any nasty surprises why not let me carry out a WOF on your policy (see attachment for more details) and tell you how it stacks up? Normally valued at $200, for a limited time there is no charge to members of Neighbourly, and no obligation to take things any further – so you’ve really got nothing to lose.
To claim your free, no obligation policy WOF, call me (John) on 855 9041 or 021 184 3499

Free

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