Property Insurance Costs Tipped to Rise
The cost of insuring some buildings could rise by more than 50 percent in just three months according to new figures from insurance brokers. David Crick managing director of Runacres Insurance (formerly Runacres & Associates) says the cost increase is likely to be disproportionately larger for lower value dwellings. “Immediately following the Christchurch earthquakes in 2010 and 2011, we saw…

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