News Non-Life22 Nov 2023

New Zealand:Earthquake cover doubles for homes

| 22 Nov 2023

A law change that doubled EQCover for New Zealand homes in 2022 has now been fully implemented, with the amount for EQC building cover increasing to NZ$300,000 [$180,500] (+GST) from NZ$150,000 (+GST). The cover provides first loss insurance for damage from named natural hazards.

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