Andy and Brett sit down to unpack a recent industry report on underinsurance in New Zealand, and what it reveals about the state of residential cover across the country.

They work through the gap between non-insurance and underinsurance, what actually happens when an underinsured property is hit by a major event, and why economic conditions like recessions and softer premiums can shift how many people stay properly covered. The conversation closes on a shift worth watching: banks increasingly treating underinsurance as a risk to their own lending, not just a homeowner's problem, and what that means for anyone renewing or taking out a mortgage.