Kiwis are being urged to check their home and contents policies following a report which suggests they could be missing out on loss, damage and third-party liability cover for their drones and e-bikes.
According to broker group NZbrokers, the insurance sector has lagged behind new technological developments and is eyeing certain “unknown” risks with increased caution, which may leave policyholders with unexpected gaps in their cover. In its recent analysis of the home contents policies available on the market, the group found “significant complexity and variation in the policy wording,” many of which left drone and e-bike owners unprotected.
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