3 Jul 2014

Christchurch storm more costly for insurers

8:36 pm on 3 July 2014

The storm that hit Canterbury in February has cost insurers $1.5 million more than their earlier estimate.

Payouts so far for storm-related damage tally $4.8 million, up from the initial forecast of $3.3 million.

The storm brought torrential rain, thunderstorms, lightning, a large hailstorm and reports of tornado damage.

The Insurance Council says the final tally highlights the vital role insurance plays in helping New Zealanders recover from extreme weather events.

Almost $1.3 million was paid out for domestic claims, the same amount for commercial claims and $2.2 million dollars for vehicle claims.

Cars struggle through floods on Matlock Street in Woolston.

Cars struggled through flooded roads in Woolston. Photo: RNZ