Construction Cost Consultants

Construction Cost Consultants We provide accurate & guaranteed Insurance Rebuild Valuation Reports to residential and commercial.

16/09/2026

Insurance companies are increasingly using geospatial data to price risk.

Where you live can now mean paying more, or less, than someone nearby.

If a property doesn't have the adequate amount of insurance and an event occurs, the payout may only reflect the value of the land, since land itself can't be insured.

Andy's advice: speak to a Broker.

They know the deal, and they'll walk you through it to get the best cover.

Watch the full podcast: https://youtu.be/Zo0TgxaKK_o �

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11/09/2026

During a recession, people are less likely to take insurance out, because it's a private cost they can choose to go without.

Andy and Brett discuss New Zealand's current position, coming out of a recession, and whether the soft insurance market is helping offset that.

Premiums haven't risen as sharply over the past couple of years as they did five years ago.

Watch the full podcast: https://youtu.be/Zo0TgxaKK_o

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07/09/2026

New Zealand has long sat around 80% underinsurance on residential properties. On top of that, there's a further 3% with no insurance at all.

Andy and Brett talk through what happens when an underinsured or uninsured property is hit by an event.

The answer, in Andy's words: "We pay for it in our taxes." The government ends up covering the shortfall.

Watch the full podcast: https://youtu.be/Zo0TgxaKK_o

31/08/2026

Non-insurance in New Zealand is more common than people think, and in some places, it's getting worse.

Andy and Brett dug into a recent industry report focused heavily on non-insurance across the country, and found the trend isn't the same everywhere.

In areas affected by slips and severe weather events, non-insurance is climbing rather than falling.

Together, they put it down to affordability rather than choice.

Watch the full podcast: https://youtu.be/Zo0TgxaKK_o

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Underinsurance has always been framed as a homeowner's risk. This episode makes the case that it isn't anymore.Andy and ...
26/08/2026

Underinsurance has always been framed as a homeowner's risk. This episode makes the case that it isn't anymore.

Andy and Brett unpack the numbers behind non-insurance and underinsurance in New Zealand, what happens when an underinsured property is hit by disaster, and why banks are asking questions they never used to.

Watch the full episode now: https://youtu.be/Zo0TgxaKK_o

19/08/2026

New Zealand's housing mix is changing, and so is the way people are insuring their homes.

Nick Sollitt from NZI has seen a clear shift toward contents-only cover as more apartments and strata developments go up.

When a body corporate insures the building itself, contents becomes the primary policy that matters to the person living there.

It's not a new entry point.

Contents has long been where people start, before contents while renting, then eventually a house.

What's changed is what's inside it: Nick's noticed more jewellery and artwork in policies, a shift he partly credits to changed spending habits during Covid.

Watch the full podcast: https://www.costconsultants.co.nz/news-insights/podcast-episode-20-why-rebuild-value-isnt-market-value-a-discussion-with-nzi

14/08/2026

Recognising that a property has complex or expensive features is one thing.

Knowing what those features actually cost to rebuild is another entirely.

Nick Sollitt from NZI puts it plainly: decades of insurance experience can help you recognise complexity in a property, but only a qualified Quantity Surveyor can put an accurate figure on what it costs to rebuild.

That accuracy carries weight well beyond claim time.

It gives insurers confidence in a property's figures from day one, and that confidence benefits the customer, the broker and the insurer alike, long before anything goes wrong.

Watch the full podcast: https://www.costconsultants.co.nz/news-insights/podcast-episode-20-why-rebuild-value-isnt-market-value-a-discussion-with-nzi

10/08/2026

A high Sum Insured feels safe. Nick Sollitt from NZI says that's exactly where the trap sits.

Underinsurance doesn't discriminate by property value.

It shows up in high-value homes just as often as modest ones, usually because the figure looked large enough without ever being tested against that specific property's complexities.

The responsibility to get it right sits with the customer, but Nick argues the industry needs to make sure they're equipped for it: brokers asking the right questions, and owners understanding what actually belongs in that number beyond the price they paid.

Watch the full podcast: https://www.costconsultants.co.nz/news-insights/podcast-episode-20-why-rebuild-value-isnt-market-value-a-discussion-with-nzi

05/08/2026

Some of the clearest explanations of underinsurance don't come from numbers at all.

Andy Thomson recalls an ad he saw years ago: a house fire, a family watching it burn, and then a full rebuild happening behind them exactly as the original stood.

Everything matches, right down to the rooms, except one.

A child's bedroom comes back as an unfinished brick wall, the visible result of a sum insured that didn't quite stretch far enough.

Nick from NZI agrees it's a powerful piece, and a reminder of why underinsurance needs to be talked about early and often, not just at claim time.

Watch the full podcast: https://www.costconsultants.co.nz/news-insights/podcast-episode-20-why-rebuild-value-isnt-market-value-a-discussion-with-nzi

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31/07/2026

Market value can fall. Rebuild Cost almost never does.

They're calculated from completely different inputs. Market Value tracks land, location and demand, and moves with the property cycle.

Rebuild Cost tracks labour, materials, fuel and site access, and according to Andy Thomson, after 30 years in construction, it has only ever trended upward with inflation.

That's why insuring a property for its purchase price is such a common trap. A $900,000 home today doesn't guarantee a $900,000 rebuild cost, and the gap between the two only grows over time.

Andy Thomson and Nick Sollitt from NZI break down the distinction, and why it matters most at claim time.

Watch the full podcast: https://www.costconsultants.co.nz/news-insights/podcast-episode-20-why-rebuild-value-isnt-market-value-a-discussion-with-nzi

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