Otago Property Investors Association Inc

03 477 6220

otago@nzpif.org.nz

News & Updates

Recent updates

10-07-2019

Less intrusion for tenants

Property inspections are a form of risk management that helps to reduce and identify malicious damage and meth losses. However, the issue of insurers moving to three monthly inspections has been debated recently, with many feeling that it is too frequent and intrusive for tenants.

The NZ Property Investors’ Federation (NZPIF) is very pleased that their specialist rental property insurance supplier, Initio, has just increased for our members the required period between property inspections from three months to four.

The benefit of fewer inspections is only available for NZPIF members, including the new $25 per year Associate Membership category, and the move reflects Initio’s data which shows that members’ rental properties suffer less tenant related damage losses compared to non-member properties.

“This is great news for our members” says NZPIF Executive Officer, Andrew King. “In addition to getting a special price on an already well priced and specialist rental property insurance product, our members and their tenants will now get the additional benefit of fewer inspections.”

“It is gratifying to have it acknowledged that the education and support we provide to members is leading to them being better rental property providers for both tenants and suppliers”.

People can find out more and join at www.nzpif.org.nz.

 

ENDS

For further information please contact:

Andrew King, Executive Officer, NZ Property Investors’ Federation

Email: andrew@andrewking.co.nz

Ph: (09) 815 8645, Mobile: 021 216 1299

 

 

 

 

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