123RFPeople need to understand whether they still have cover, if they take a premium “holiday” or temporarily suspend their policy.<\/figcaption><\/figure>\n\n\n\nThat included personal liability cover under their contents insurance.<\/p>\n\n\n\n
Tower chief executive, Richard Harding, said: “We know people might think about cancelling their insurance, but it is important to maintain cover because even a small accident can end up costing thousands.”<\/p>\n\n\n\n
“Winter is also just around the corner which means storms and wet weather are on the way and living in New Zealand means we’re always at risk of earthquake, which is why insurance remains so important for people.”<\/p>\n\n\n\n
The company had created dedicated teams to help customers restructure their insurance to make it more affordable if they need, including doing things like removing added benefits such as roadside assist and increasing excess payments, Harding said.<\/p>\n\n\n\n
“We also have payment deferral options for up to three months for people facing genuine hardship or where vulnerable people are at risk,” he said.<\/p>\n\n\n\n
Christopher Walsh from online research company Moneyhub said insurance was one area where households could make large savings.<\/p>\n","protected":false},"excerpt":{"rendered":"
Sourced from Stuff.co.nz Insurers are offering policy suspension and premium “holidays” to families and business-owners struggling financially due to the coronavirus lockdown. The offers are a bid to keep customers for the long-term, but is also following the example of the Government and banks, which rushed out emergency loans for businesses, and mortgage holidays for homeowners. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[16,15],"tags":[],"_links":{"self":[{"href":"https:\/\/smartinsure.co.nz\/wp-json\/wp\/v2\/posts\/1411"}],"collection":[{"href":"https:\/\/smartinsure.co.nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smartinsure.co.nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smartinsure.co.nz\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smartinsure.co.nz\/wp-json\/wp\/v2\/comments?post=1411"}],"version-history":[{"count":1,"href":"https:\/\/smartinsure.co.nz\/wp-json\/wp\/v2\/posts\/1411\/revisions"}],"predecessor-version":[{"id":1484,"href":"https:\/\/smartinsure.co.nz\/wp-json\/wp\/v2\/posts\/1411\/revisions\/1484"}],"wp:attachment":[{"href":"https:\/\/smartinsure.co.nz\/wp-json\/wp\/v2\/media?parent=1411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smartinsure.co.nz\/wp-json\/wp\/v2\/categories?post=1411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smartinsure.co.nz\/wp-json\/wp\/v2\/tags?post=1411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}