IMPORTANT ANNOUNCEMENT
From 1st February 2012 our EQC levies are on the rise... which to be fair we've been expecting after the Christchurch earthquakes.
If you'd like to read the announcement on the "Beehive" website click here >>>
What it means
As a home owner, right now we pay 5cents per $100 of insurance cover capped at a maximum of $69 per year (including GST).
From 1st February 2012, this will increase to 15cents per $100 of insurance cover capped at $207 per year (including GST).
This increase applies to both House and Contents policies only NOT your car or personal life, trauma, medical etc.
The coverage that EQC provides remains unchanged, that is, it will continue to cover the first $100,000 (plus GST) for house damage and the first $20,000 (plus GST) for contents damage for insured residential properties in the event of earthquake, natural landslip, volcanic eruption, hydrothermal activity and tsunami.
IMPORTANT
The EQC levy applies to your House and Contents policy no matter which company you have your insurance with; this increase is set industry wide! The EQC levy is a portion of your overall monthly/annual premium which each insurer collects on behalf of the Government.
Do you need to do anything?
No. You will receive notification from your insurer confirming the levy increase and exactly what the increase is to your premiums.
Yes. Contact Insurance People if you would like to REVIEW your insurance and take a closer look at what you are paying in premiums.
Yes. Contact Insurance People if you would like a free QUOTE on your current house and contents!
Get more information from Insurance People ~ freephone 0800 823 823
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