Make the smart choice.
Let us help you buy the right house.
For decades, buyers of homes have had to rely on what the vendor, real estate agent and lawyer told them in order to make a decision of great magnitude and financial commitment. This meant that buyers were beholden to the level of honesty and competence of people who were to benefit from the decision made to purchase the property. Many sales were concluded on an unbalanced measure of trust.
Sometimes with stomach churning results.
But not anymore.
As insurance policies tighten up in the wake of successive disasters in New Zealand over the last decade, home owners can no longer rely on relaxed policy wordings or benefit of the doubt when securing policies or when it comes to claim time.
The ‘She’ll be right’ era is over and homeowners have to now take responsibility for the condition and insurability of their homes.
Although insurance policies in New Zealand remain some of the best in the world for broad coverage, this can no longer be taken for granted as re-insurers take a closer look at New Zealand’s risk rating.
In recent times, New Zealand has had it's fair share of earthquakes, fires, storms, landslips and flooding.
All too frequently, we see media reports and distressing footage of homes being wrecked for one reason or another; and thanks to Global Warming, the stable atmosphere and weather that we grew up with is deteriorating in front of our eyes. Newsworthy weather events now get more often, more serious and often - calamitous. It should be considered that not one of those home owners bought those now damaged or destroyed properties with any expectation these events would occur. But they did.
Currently there is no mechanism in place to help current owners of vulnerable real estate to get out of harms way or be able to abandon their greatest investment and these homes are now heart aching liabilities for the owners. But home buyers can be saved from future grief or financial ruin.
To protect your financial wellbeing and your greatest assets, it’s now high time to make sure due diligence on a residential property purchase takes in a lot more that a title search, a check on the local school and amenities in the area.
Take a look below at how Residential Risk Analysis Ltd can help you now.