Clean-up and assessment operations have begun as the South Island begins to count the cost of storms which hit late last week. A state of emergency was declared in Christchurch, Timaru District, Otago and Dunedin with the military called in to assist following two days of wild weather which led […]

The New Zealand Commerce Commission has declined Vero’s application to acquire Tower. The merger, would leave “only two substantial competitors in the market post-merger,” the commission said as the move would combine the second and third largest insurers for domestic home, contents and private motor insurance in the country. “The […]

Insurance premiums to rise by up to $69/year  Earthquake levy rises to $20c per $100 of cover Natural Disaster Fund to rise to return to “safe” levelsHomeowners’ insurance premiums are set to rise by up to $69 a year, as Government aims to top up a natural disaster fund depleted […]

How to lodge a claim with EQC For domestic property EQC cover the first $100,000 for House and $20,000 for Contents damage. Customers can lodge claim with EQC either online or by making a phone call as listed below. They will need to make a separate claim for House and Contents. […]

In New Zealand the firefighting services are funded by a tax called the Fire Service Levy. This tax is added to the insurance premiums for personal and commercial property, motor vehicles, contract works and other insurance policies that include the risk of fire. The Government is currently undertaking a consultation […]