4th March 2019
The CPT Property team are beginning to consolidate the parameters for the 2019/2020 insurance renewal negotiations that will take place in April / May 2019.
As noted in the questionnaire (which can be downloaded here ) please complete and return by Monday 1st April 2019) all residential properties are covered for Natural Disaster. For the new insurance period Church Property Trustees is requiring that all commercial properties have this cover as it is prudent and generally a condition of any commercial lease.
The cost of Natural Disaster cover for other buildings continues to remain high. As a guide, Natural Disaster cover is likely to add 200% to the cost of insuring buildings.
Church Property Trustees continues to consider the very serious risk to the Diocese of not placing Natural Disaster cover (predominately for Churches & Halls), but is also mindful of the financial implications and the strain that this would put on many parishes.
Parishes are very strongly urged to have Natural Disaster cover on active churches and halls.
If you have any questions regarding insurance, please contact the CPT Property Team – cptproperty@anglicanlife.org.nz
Regards
Gavin Holley
General Manager