Thursday, 23 March 2017

Insurers offer no cover for damage by 'invited guests'

If you are heading away and leaving your teenage children in charge of the house this weekend, be warned.

Your insurance company will probably not cover any damage or theft if they hold a party.

Insurance and Financial Services Ombudsman Karen Stevens said many New Zealanders were still being caught out by a common exclusion in contents policies.

Most allow insurance companies to turn down any claim for deliberate damage or theft, if it was caused by someone who was invited into the property.

READ MORE: Airbnb owners get insurance warning

"Most of the time you don't expect people you invite in to steal things," Karen Stevens said.

from
http://www.stuff.co.nz/business/90748364/Insurers-offer-no-cover-for-damage-by-invited-guests

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