What is the insurance response to Covid-19?
For many people, there won't be an insurance response until people are admitted to hospital.
Which also means that people are compromised in their ability to access advice and claims as isolation restrictions will reduce physical access and communication options.
Being prepared and understanding what you may be entitled to, or making preparations for your partners and family to respond is useful.
Not because there is a high-risk of this personally, more that if it does happen you don't create additional distress for you and your loved ones.
There are a number of things you need to address before you get to the sick and hospital stage:
* Address what insurance cover you have, this isn't necessarily about new cover, though we can help with this if it is needed, more that knowing what you have will make for better decision making.
* Sort out your Power of Attorney, somewhat challenging now in lockdown as it needs lawyers and witnesses, at the same time something that needs discussion and a chat with your lawyer.
* Sort your Will out, we know some 30-40% of deaths in New Zealand don't have a Will in place. It is a simple document to do and we do have a facility for very simple Wills can be done. Anything slightly complex will need a lawyer.
More specifically on the response from insurance, we put together the attached article at the beginning of March to help our clients understand how their insurance is going to respond, this is still relevant.
The only addition to this is now we are in lockdown some insurers have come to the party with premium holiday options that protect cover while enabling it to be claimed if you are faced with a need to claim. The specifics need to be discussed with your adviser or insurer, and some are better than others.
We are open online and by phone, happy to chat to answer questions, help people understand what they have, and arrange additional cover if it is needed. (We do have some heavy restrictions on placing new cover that will respond to Covid-19)
Poll: Should the government levy industries that contribute to financial hardship?
As reported in the Post, there’s a $30 million funding gap in financial mentoring. This has led to services closing and mentors stepping in unpaid just to keep helping people in need 🪙💰🪙
One proposed solution? Small levies on industries that profit from financial hardship — like banks, casinos, and similar companies.
So we want to hear what you think:
Should the government ask these industries to contribute?
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59.9% Yes, supporting people is important!
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25.8% No, individuals should take responsibility
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14.4% ... It is complicated
Poll: Should complete designs be shared with the public, or should the community help shape the designs from the start?
The Post recently shared an opinion piece on the Harbour Crossing and why a more democratic approach might be needed 🚗🚲👟
While most decisions sit within the political arena, many organisations—like NZTA—manage long-term projects that go beyond party lines. Politics can sometimes disrupt progress, and the next Harbour Crossing is a big decision that will affect all Aucklanders.
We’d love your thoughts: Should near-complete, shovel-ready designs be shared with the public, or should the community have a hand in shaping the designs from the start?
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88% Community feedback and transparency is needed.
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12% No. This would be impossible in practice.
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