Our attention has been drawn to a section of a blog posted by Raymond Huo M.P. (Labour). [13th September 2012]
"...reported in the Listener that heritage buildings has gone from $14,000 a year in 2009 to $52,000 in 2011. And it’s predicted to hit $132,000 this year..."
"4: Insurance Premiums: This is especially the case in Wellington where insurance premiums have risen to unsustainable levels.
It has been reported in the Listener that building replacement insurance on some heritage buildings has gone from $14,000 a year in 2009 to $52,000 in 2011. And it’s predicted to hit $132,000 this year.
The Dominion-Post also reported this week that some businesses have faced insurance premium increases of up to 200%. Department store Kir[k]caldie and Stains premiums had risen from 78c for every $1000 worth of insurance in 2010 to $8.11 this year, even though the main 1908 building had been strengthened to 100% of the building code..."