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Tower launches new cover as more than two thirds of kiwi homeowners claim renovations are on the cards

19 August, 2022 | 
Pureprofile 

Originally published: Scoop, 09 August 2022

  • 58% of Kiwis believe it is better to renovate than move house in the current market
  • 68% of homeowners said they are likely to renovate their home in the next two years
  • 35% of homeowners think their current home insurance covers them should something unexpected happen.

Kiwi insurer Tower has today launched its new Contract works – Renovation cover, as the trend for home renovations continues to spike.

Most house insurance policies only provide cover for minor alterations. Tower’s new Contract works – Renovation cover will ensure Kiwis undertaking large renovations, like those that require building consent, are covered in case the unexpected happens.

Research by Pureprofile, commissioned by Tower, shows that more than half (58%) of Kiwis believe it is better to renovate than move house in the current market, if they’re needing or wanting to upgrade their living situation.

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