20 May 2019

Earthquake damage insurance: Dr Megan Woods

From Nine To Noon, 9:09 am on 20 May 2019
Housing in Wellington

Photo: RNZ / Richard Tindiller

Does earthquake insurance need a fundamental rethink as private insurers trim their books and EQC gets out of contents insurance? 

Kathryn Ryan speaks with the minister responsible for the Earthquake Commission, Dr Megan Woods. 

Changes to the Earthquake Commission Act come into affect on July 1st.

They include an increase in the  cap on EQC residential building cover from $100,000 to 150,000, a withdrawal of contents cover, and more transparency if earthquake claims have been made on a house in the past.