IBANZ Forum
Material Damage/BI/Contract Works
QUESTION I have a client who owns a restaurant which suffered damage and was unable to trade for three weeks, resulting in a Gross Profit loss. Their insurer has accepted the Business Interruption claim, however has note...IBANZ Forum
Rural
QUESTION If you have sundry vehicle cover under a rural policy, what is the applicable FENZ levy payable, as we do not always know all the vehicles that are covered by this, which is why the sundry limit is in place? For examp...IBANZ Forum
NHI/FENZ
QUESTION The words stop bank don't appear in the Exemptions list, but they also don't appear to have been in the previous Exemptions list ,but no FENZ were charged on stop banks under a Contract Works policy. It is di...
IBANZ Forum
Commercial Fleet/Vehicle
QUESTION: We have a client with a number of vehicles insured with the same insurer. He had two Range Rovers, both insured, sold one and instructed us to cancel cover on it. He advised the wrong rego. so the Range rover...IBANZ Forum
Liability/Cyber/Product Recall/Crime/Fidelity
QUESTION: I’d welcome expert views on interpreting NZI’s Defective Work – Trades Endorsement, particularly around resultant damage. Scenario: A trade contractor installs flashing incorrectly (workmanship,...IBANZ Forum
Commercial Fleet/Vehicle
QUESTION: The insured makes a motor claim which is accepted by the insurer. Given the type of claim, the claim falls under a section 1 automatic policy benefit which is sub-limited to $5,000 in the policy wording. This again is...IBANZ Forum
NHI/FENZ
QUESTION: An insured builds a self-contained home. The building is intended to be lived in by the insured (owner-occupied). It is 100% residential use. It is a freestanding home that is not attached to any other building. It has...IBANZ Forum
Domestic/Lifestyle
QUESTION Our client lives overseas and has a rental property in New Zealand. Following receiving a water bill from TDC for over $14,000 it was discovered there was a leak in the pipe leading from the mains down the driveway to the...IBANZ Forum
Domestic/Lifestyle
QUESTION We have a client who heard running water coming from under the house and immediately called a plumber to investigate. In order to get to the impacted area, the plumber and subsequently a builder had to remove...IBANZ Forum
NHI/FENZ
QUESTION I have been assisting a <non-client> of mine, who has held their insurance via a direct insurer. Their residential property, along with two others (either side), suffered a landslip in 2023 on their land that sloped...
