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New Property Laws…

For many people their home is their most valuable asset.

Until recently in New Zealand it’s been usual to insure your home on the basis of total replacement cover. This meant that you would provide information to your insurance company about the size of your home and, if it was destroyed, then your insurer would arrange to demolish the damaged structure and rebuild you a new dwelling to the same size and specification as it was before.

There was no limit on the amount your insurer was required to spend in order to replace your home.

Since the Christchurch earthquakes, many New Zealand insurers have changed the basis of their home insurance policies; they now require you to specify a “sum insured” for your home. This means that if your home is damaged or destroyed then the sum insured is the maximum amount the insurer will be prepared to spend to remedy the damage.

The onus is now on you to tell your insurer the cost to rebuild your house. If you under-estimate the cost and your house is destroyed, your insurer will not be prepared to rebuild your home to the same size and specification as it was before.

It’s also worth noting that the rateable value of your home doesn’t have a direct bearing on the cost to rebuild, therefore it is not a good idea to rely on the RV for insurance purposes. Instead you should investigate the actual cost of rebuilding your home to set your sum insured.

There are two methods to help you set the sum insured:

1. Online calculators: Some insurance companies provide online calculators to help you work out the likely cost of rebuilding your home. If you choose this option, you may want to ensure you cover any recent house additions or renovations. If you’re contemplating any major renovations within the next 12 months, make sure these are covered as they’re likely to increase the cost to rebuild your home to its current standard.

2. Property valuer: An alternative to using an online calculator, particularly if your home is an older house with period features or perhaps architecturally designed with non-standard design elements, is to engage a specialist property valuer. A valuer can provide you with a more accurate valuation of rebuild costs than an online calculator so you can use that information to establish the sum insured.

When renewing your home insurance policy you should also remember that you have a duty to disclose all material facts to the insurer which may affect the risk being insured.

For example if you are planning substantial renovations at your property, or perhaps anticipate leaving the property vacant for a period while you are overseas on holiday, then you should disclose that information to your insurer.

If you forget to provide that information it may mean you could jeopardise your insurance cover if you make a claim on your policy.

The need for you to set a sum insured when you renew your home insurance policy is a good reminder to review all the information you have provided to your insurer about your home, such as your excess, and also a review of your household contents insurance.

It’s important to get your sum insured right so you have appropriate insurance cover when something goes wrong. Using an online calculator or a professional valuer will help you get the most from your policy.

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Lindsey Rhodes

Position

Senior Quantity Surveyor – Director
24 Years’ Experience

Qualifications 

BSc – Natal University, Durban, South Africa
Affiliate Membership – New Zealand Institute of Quantity Surveyors

Profile

After completing her degree Lindsey worked in South Africa for a Major construction company specializing in high rise construction and low cost housing. She then moved to Zimbabwe were she became a Senior Partner for seven years with Corry & Rhodes Quantity Surveyors. Here she gained considerable experience in projects ranging from International hotels and retirement villages to office developments and World Bank hospitals in Mozambique. Lindsey moved to New Zealand in 2001 and joined WT Partnership, Auckland as a Senior Quantity Surveyor in 2004. In 2006 she was made a Director of WTP and set up the Queenstown office of WTP South Island and subsequently the Christchurch office in 2011. Lindsey was responsible for a total of 12 staff, 10 Quantity Surveyors and 2 administration staff. In January 2013 Lindsey established Rhodes & Associates Limited.

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Gavin Stanley

Position

Senior Quantity Surveyor – Christchurch
24 Year’s Experience

Qualifications

BSc Quantity Surveying – Wolverhampton University, United Kingdom
Affiliate Membership – New Zealand Institute of Quantity Surveyors

Profile

Gavin has been employed as a Quantity Surveyor for the past 24 years, during that time he has been employed both within Private Quantity Surveying Practices and Main Contractors where he has gained a wealth of construction experience.

He is a well organised, flexible, reliable and commercially aware Quantity Surveyor and has experience with clients in large and small business organisations both in the public and private sectors.

The majority of Gavin’s working life has been spent within the United Kingdom, moving to Christchurch New Zealand mid-2011.

Although Gavin has been involved with a wide range of projects covering all manner of industries he particularly enjoys the challenges associated with restoration works and feels extremely privileged to have been involved with The Arts Centre for the last 20 months.

Gavin is accustomed to working to tight budgets/schedules in a pressurised environment and possess a good sense of humour, enthusiasm and the ability to communicate comfortably at all levels.

 

 

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Henry Scaife

Position

Senior Quantity Surveyor
8 Years’ Experience

Qualifications

Bachelor of Construction (QS) – Massey University
Membership – New Zealand institute of Quantity Surveyors
Diploma in Quantity Surveying – Otago Polytechnic

Profile

Henry began his career with a commercial construction company in Dunedin where he gained a solid grounding of QS skills on a variety of public and private sector projects. From there he moved to Auckland where he worked for a large professional Quantity Surveying Practice working on the Auckland Art Gallery redevelopment. He then internally re-located to the Queenstown office where he gained valuable experience in high end housing, iconic commercial and tourism projects and the Christchurch re-build.

Henry joined Rhodes & Associates Limited in Feb 2013, thus showing his commitment to Queenstown and the South Island, continuing the strong working relationships with local clients, consultants and contractors.

 

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Linda Jarvis

Position

Senior Quantity Surveyor
20 Years’ Experience

Qualifications

Diploma in Quantity Surveying – Open Polytechnic of New Zealand
Affiliate Membership – New Zealand Institute of Quantity Surveyors

Profile

Linda has over 20 years’ experience Quantity Surveying both in New Zealand and overseas. Predominantly working as a Professional QS Linda has also gained valuable experience working for both builders and large commercial construction companies on a variety of projects. Through her experience Linda has developed a sound knowledge in all aspects of the profession including estimation, scheduling, procurement, post contract administration, bank drawdown preparation and reporting.

Linda joined Rhodes & Associates Limited in Feb 2013. Working in the Queenstown office she utilises her skills to continue providing successful project outcomes in both Queenstown and Christchurch.

 

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Dianne Whitmore

Position

Senior Quantity Surveyor 
10 Years Experience

Qualifications

Bachelor of Construction (Ecs)

Diploma in Quantity Surveying

Member of the New Zealand Institute of Quantity Surveyors

Profile

Dianne’s career has seen her working for two major construction companies in Auckland where she was involved in many commercial developments, including multi-million dollar building construction.

Dianne’s responsibilities comprised overseeing the commercial management of construction projects including subcontract letting, procurement of materials, forecasting project cash-flow and profit, measuring and pricing variations, and document management.

Dianne relocated to Christchurch in October 2014 to join Rhodes & Associates thus providing another progression in her career by working as a Professional QS, and in an exciting and challenging environment as Christchurch recovers and rebuilds.

 

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Lindsey Rhodes

Position

Senior Quantity Surveyor – Director
24 Years’ Experience

Qualifications 

BSc – Natal University, Durban, South Africa
Affiliate Membership – New Zealand Institute of Quantity Surveyors

Profile

After completing her degree Lindsey worked in South Africa for a Major construction company specializing in high rise construction and low cost housing. She then moved to Zimbabwe were she became a Senior Partner for seven years with Corry & Rhodes Quantity Surveyors. Here she gained considerable experience in projects ranging from International hotels and retirement villages to office developments and World Bank hospitals in Mozambique. Lindsey moved to New Zealand in 2001 and joined WT Partnership, Auckland as a Senior Quantity Surveyor in 2004. In 2006 she was made a Director of WTP and set up the Queenstown office of WTP South Island and subsequently the Christchurch office in 2011. Lindsey was responsible for a total of 12 staff, 10 Quantity Surveyors and 2 administration staff. In January 2013 Lindsey established Rhodes & Associates Limited.

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Damien Yourell

Position

Senior Quantity Surveyor
9 Years’ Experience

Qualifications

Bachelor of Construction (QS) – Dublin Institute of Technology
Affiliate member of the  New Zealand Institute of Quantity Surveyors
Higher Diploma in Construction Management – Dublin Institute of Technology

Profile

Damien began his career with a professional quantity surveying practice in Dublin where he gained a solid grounding of QS skills on a variety of private, health care, and mixed use development projects.  From there he moved to a Main Contractor Civil Engineering Company on the Luas B1:100 enabling works and road realignment contract. Damien then immigrated to Melbourne, Australia where he worked for a professional quantity surveying practice and was seconded to Christchurch, New Zealand to work on the CDHB Remediation Works Contract as a Clerk of Works and Quantity Surveyor. He then internally relocated to the Christchurch office where he gained valuable experience in historic projects for The Arts Centre Christchurch rebuild.

Damien joined Rhodes & Associates Limited in May 2014, thus showing his commitment to Christchurch and the South Island, continuing the strong working relationships with local clients, consultants and contractors.

 

 

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Andrew Deas

Position

Cost Consultant
15 Years’ Experience

Qualifications

NZ Certificate in Engineering (Civil)
Affiliate member of the New Zealand Institute of Quantity Surveyors

Profile

Andrew started work in the construction industry 15 years ago.  With most of his experience in the London market he has a strong background in both commercial and residential projects. Notable projects include Peninsula Apartments Paddington Quay, Victoria Park Plaza Hotel, and Lygon Place refurbishment. On return to New Zealand, he took an opportunity to join the Fletcher EQR Project in Christchurch.

Having joined Rhodes & Associates Limited in May 2014, and now well-settled in Christchurch, Andrew is looking forward to making a strong commitment to all aspects of the company, its stakeholders, and both current and future projects.s.

 

 

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Phil Griffiths

Position

Senior Quantity Surveyor
20 Years’ Experience

Qualifications 

National Diploma in Quantity Surveying
Member of the New Zealand Institute of Quantity Surveyors

Profile

Phil has extensive experience in the Canterbury region in Commercial Management, Estimating and Quantity Surveying, being proficient in all procurement methods from early contractor involvement, P&G Margin, GMP, Alliance and Traditional Lump Sum Fixed Price.

Understanding the importance of Client relationships, Phil ensures that all parties are kept well-informed. He understands the importance of working hard to find solutions, and in a timely manner.

Phil joined Rhodes & Associates Limited in August 2015, and being a Canterbury born and bred brings with him a wealth of knowledge in the local construction industry.

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