ALL ABOUT THE EARTHQUAKE COMMISSION (EQC

ALL ABOUT THE EARTHQUAKE COMMISSION (EQC

What is the Earthquake Commission? The New Zealand Government first established New Zealand’s Earthquake Commission in 1945. Originally its role was to provide earthquake and war damage cover for people that purchased fire insurance. Later on, cover for other natural disasters were included, and cover for war damage removed. Today, the Earthquake Commission is a government-owned Crown entity. The amount of events covered by EQC has greatly increased since its inception. Earthquakes, natural landslips, volcanic eruptions, hydrothermal activity, tsunamis, storms, floods, and fires are all covered by EQC now. Whom does the Earthquake Commission cover? The Earthquake Commission automatically extends to cover those who own fire insurance policies. These policies […]

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