A little lapse of memory can cause a whole heap of heartache.
Lapse is industry jargon for an insurance policy being cancelled because the the premium hasn't been paid.
When a lapse happens by accident, it can cause financial heartache in a family already facing tragedy.
Hundreds of insurance claims have begun to flood in after the heavy rainstorm and floods which hit northern parts of the North Island over the weekend.
IAG, which owns the brands, NZI, State Insurance and AMI, said it had already received more than 500 claims relating to the floods.
Some people may be forced to live off their KiwiSaver for two years while they wait to get New Zealand Superannuation, an academic has warned.
The Government announced plans this week to lift the pension age to 67 by 2040. But it will leave the access age for KiwiSaver at 65.
A Christchurch couple who were told that their dream hillside home was lost in the deadly Port Hills blaze, just hours after finally insuring it, appear to have had a miracle escape.
New Zealand needs a law change to stop people "ruining their lives" by not disclosing relevant information to their insurers, the Insurance and Financial Services Ombudsman says.
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