Calls for transparancy around insurance tripping up homeowners
There are calls for more transparency around an insurance hazard that is tripping homeowners up. A section 72 notice is when the council red flags a property because it has been exposed to a natural hazard like a slip, erosion or flooding. The notice can be placed on a title when the owner applies for council consent to repair damage, renovate or rebuild. That means the property may no longer be covered by insurance. The Insurance Brokers Association's CEO Katherine Wilson spoke to Lisa Owen.
The skinny
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