Vast majority of NZ homeowners under-insured

Six months after a fundamental shift in the way house insurance is calculated, claims that the vast majority of homeowners have left it up to their insurer to set their level of cover, and could be under-insured to the tune of $167 billion. With Andy Thomson - Managing director for Construction Cost Consultants, a Quantity Surveying firm. Tim Grafton - Chief Executive of the Insurance Council.