Consumer NZ is alarmed by how many people are cancelling house insurance because of cost.

That's 17 percent of those without contents insurance, and 7 percent of people without house insurance.

Consumer NZ's Rebecca Styles says a review of the insurance industry is well overdue to ensure it remains competitive and works for Kiwis.

But she says despite the industry's shortfalls, house and contents insurance is still essential.

LISTEN ABOVE

Consumer NZ is alarmed by how many people are cancelling house insurance because of cost.
That's 17 percent of those without contents insurance, and 7 percent of people without house insurance.
Consumer NZ's Rebecca Styles says a review of the insurance industry is well overdue to ensure it remains competitive and works for Kiwis.
But she says despite the industry's shortfalls, house and contents insurance is still essential.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.