New Zealand to increase EQC cover; Kaikoura claims hit NZ$1.84bn
New Zealand government reforms propose to increase insurance coverage for the state-backed Earthquake Commission scheme to NZ$150,000 (£86,000) from NZ$100,000.
The move for residential property owners, which all have access to the ECQ if they have a private policy, will also standardise the claims excess at NZ$1000, and comes after a review into the EQC
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