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what is the story with insurance in regards to having an investment property sitting vacant?… costs/type of policies?
hi reon
not sure what you mean?
from my experience the level of coverage would be spelt out in the policy. i used to own a property in Tas. and the area was that bad that if it was vacant the excess on the policy when up from $100 to $1000. i don’t think this is very common though. the situation in NZ may be different. By the way you guys in NZ pay a lot more for insurance than us in OZ, i’m not sure why that would be, maybe higher earthquake risks?
regards westan
Viewing 2 posts - 1 through 2 (of 2 total)
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