Homeowners Warned of Crackdown on Quake Insurance Spending

John Goddard

Apr 21, 2017

The Insurance Council is warning owners of earthquake-damaged homes in Marlborough that banks are cracking down on insurance pay-out spending.

The message was given at a community meeting last week in the small township of Ward, where residents are among those in line for cash settlements to handle their own rebuilds and repairs.

But a lawyer with expertise in the insurance area said navigating the fine print was tough for many, and a government-backed advisory service was still needed.

Insurance Council chief executive Tim Grafton said the conditions around insurance payouts were long-standing, but recent changes to how settlements were paid had highlighted the rules.

Read more from the Radio New Zealand interview with John Goddard here: Homeowners Warned of Crackdown

For further information or advice related to earthquake matters please contact one of our team of expert insurance lawyers specialising in earthquake claims;

John Goddard by email john.goddard@morrisonkent.com or (04) 495 8932,
Jon Parker by email jon.parker@morrisonkent.com or (04) 495 8910,
Richard Caughley by email richard.caughley@morrisonkent.com or (04) 4958903,
Carolyn Heaton by email carolyn.heaton@morrisonkent.com or (04) 495 8908.

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