Renting realities
This is the legal contract between a landlord and a tenant.
What is a tenancy agreement?
This is the money you pay monthly or yearly to "buy" your insurance.
What is a premium?
You buy one of these to own part of a company.
What is a share?
This type of insurance covers things like furniture, electronics, and valuables inside your home.
What is contents insurance?
This is the person that you are renting the house off.
What is the landlord?
This type of insurance helps replace your belongings after a break-in or fire in your rental.
What is contents insurance?
The profit you earn when you sell a share for more than you paid.
What is capital gains?
This type of travel insurance protects you if your holiday is cancelled or something goes wrong overseas.
What is travel insurance?
This is a one-time payment made at the start of a tenancy and is held in case of damage or missed rent.
What is a bond?
This is the amount you must pay first when you make a claim.
What is an excess?
This term describes when a company gives some of its profit back to shareholders.
What is a dividend?
This type of insurance helps pay your mortgage if you can’t work due to illness or job loss.
What is mortgage protection insurance?
This person lives in the house but is not legally part of the tenancy agreement.
What is a flatmate?
This government scheme covers accidents for everyone in NZ.
What is ACC?
Buying shares in different companies helps reduce this.
What is diversification?
This type of vehicle insurance covers damage you cause to someone else’s car or property.
What is third-party insurance?
If your flatmate breaks a window, you might have to pay because of this legal responsibility.
What is joint and several liability?
This type of personal insurance pays you if you can't work due to illness or injury.
What is income insurance?
This is NZ’s stock exchange.
What is the NZX?
This type of personal insurance pays out a lump sum if you're diagnosed with a serious illness like cancer or have a heart attack.
What is trauma insurance?