http://www.propertyinvestor.info/news/bid-to-limit-tenants-liability-draws-flak/48/ Andrew King Tue, 31 Aug 2010 00:33:18 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://www.propertyinvestor.info/news/bid-to-limit-tenants-liability-draws-flak/48/comment-page-1/#comment-210 ray clarke Mon, 01 Jan 2007 16:02:24 +0000 http://www.propertyinvestor.info/articles/bid-to-limit-tenants-liability-draws-flak/48/#comment-210 The Insurance company ALWAYS goes after the Tenant to recover any loss from a Landlord Claim such as a damaged roller door by driving into it while closed. therefore Mr Cosgroves advice to Landlords is quite incorrect and those people who advise the Miniter are not at the coal face to lodge a claim, go through the hassles of liability, hopefully recieve payment from Insurance Company. An Insurance company has always sought to recover damage from a third party and motor vehicle insurance a good example of that. Since the sale overeas of two major New Zealand Insurance companies about 4 years ago they have raised the Landlord Excess from $150 to now be $300.00 so it is no good Minister Cosgrove saying Insurance has not risen. That is incorrect because the raised excess now will not cover a broken window payne as it used to. The excess is greater than the actual cost which renders the Insurance useless on that issue. The Insurance company ALWAYS goes after the Tenant to recover any loss from a Landlord Claim such as a damaged roller door by driving into it while closed. therefore Mr Cosgroves advice to Landlords is quite incorrect and those people who advise the Miniter are not at the coal face to lodge a claim, go through the hassles of liability, hopefully recieve payment from Insurance Company. An Insurance company has always sought to recover damage from a third party and motor vehicle insurance a good example of that. Since the sale overeas of two major New Zealand Insurance companies about 4 years ago they have raised the Landlord Excess from $150 to now be $300.00 so it is no good Minister Cosgrove saying Insurance has not risen. That is incorrect because the raised excess now will not cover a broken window payne as it used to. The excess is greater than the actual cost which renders the Insurance useless on that issue.

]]>