EQC updates market on claims figures

How are the settlements progressing?

EQC updates market on claims figures

Insurance News

By Krizzel Canlas

The Earthquake Commission (EQC) has settled 727 claims out of the 1,042 lodged for storms and ex-cyclones that crossed the country during the first half of 2018.

Nationally, EQC received 101 claims for the January storm centred on Kaiau-Thames - of these, 93 have been resolved with $1,103,964 paid to customers. For the ex-Cyclone Fehi, 134 claims were lodged and of these claims 124 have been resolved with customers receiving $801,434 from EQC. It has also completed 222 claims out of the 278 lodged for ex-Cyclone Gita, with $4,800,016 paid to customers. The average time for settlement is 54 days.

EQC manager national customer care Robyn Nation is advising people whose residential land has suffered storm, flood or landslip damage in the last three months, including from last weekend’s storms across Auckland and the Coromandel, to contact EQC.

“The impact of each storm is different across regions and for communities and EQC works directly with residents, community organisations and councils to provide local residents with as much support and information as possible about lodging a claim,” Nation said. “People can get the information they need about lodging a claim if their property has suffered storm, flood or landslip damage from EQC and can talk to us about the process for receiving their EQC entitlement.

“Our teams use this information to understand the extent of damage to properties, especially if people are vulnerable or out of their homes, and also provide advice and support on the ground so claims can be settled quickly.”

 

Keep up with the latest news and events

Join our mailing list, it’s free!