Breaking News: Insurance/Investments/Home Loans

1. Insurance Council rejects criticism over Kaikoura Earthquake claims. - Radio NZ

The Insurance Council is defending the industry against claims that some commercial claims are taking too long in Kaikoura following the latest devastating earthquakes.

2. Wedding Insurance now available to Kiwis at home or abroad. - Stuff.co.nz

New Zealand's first specific insurance designed to cover wedding festivities has been launched, and it also covers Kiwis choosing to have their big day overseas.

3. Kaikoura Earthquakes the seventh most costly event covered by insurers in 2016. - Interest.co.nz

The total amount of damage caused by the quakes is estimated at $4.5 billion NZD, of which 60% is expected to be covered by some form of insurance.

4. Why rich Americans see NZ as a haven. - NZ Herald

A new wave of wealthy Americans sees NZ as an attractive option, isolated enough from the perceived and real turmoils of their home nation and offering a more positive environment and lifestyle. 

5. Auckland falls to world's fourth least livable city. - NZ Herald

Citing moderate pay and ever increasing cost of living and house prices, Auckland is now ranked behind only Hong Kong, Sydney and Vancouver among world cities.

6. New Zealand Home Loans Survey reveals household's most disastrous spending habits. - Stuff.co.nz

Particular habits of overspending are contributing to a major impact on households ability to service their home loan debt.

7. Double Interest rate blow to Kiwibank mortgage holders. - NZ Herald

Kiwiblank cites funding costs as the reason behind increasing mortgage rates twice already in the first month of 2017.

www.sprattfinancial.co.nz

Medical Insurance Offer: Free $150 OPSM Voucher.

Until the 31st January 2017, if you take out a new Southern Cross medical insurance policy (or add a family member to an existing policy) through Spratt Financial Services, you will receive a free $150 OPSM Voucher. Not only that, but you could be entitled to several more benefits as a Southern Cross member including:

• 10% healthy living discount on your premiums.
• An additional 2.5% discount for payments by direct debit.
• A special discount on travel insurance through Southern Cross.
• Free eye tests from OPSM for the duration of your time as a Southern Cross member.
• Southern Cross is a not for profit organisation and all policies are made with the benefit of members in mind.

This is a limited time offer so get in quick. You can contact us anytime about this offer at enquiry@sprattfinancial.co.nz or use our contact form to request a free quote with no obligation to proceed here.