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Tuesday, August 30, 2011

Choosing a Red Zone option & taking on your insurance company

Janine Starks, writing for interest.co.nz, has a piece for Red Zoners contemplating taking the government offer.

She writes that there are a number of dimensions involved that need to be investigated, including pursuing your insurance company for a rebuild and challenging any attempt to declare a Red Zone house repairable. This is going to be particularly important for those with mortgages.

Areas covered by the article include:
  • Red Zone blind spots (challenging attempts to declare a house as repairable)
  • Should damaged land trigger a full replacement claim?
  • Fighting for replacement value
  • Mortgage repayment holiday
The article is here.
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