Limitation Act statement

February 2017 Update: Confirmation of Tower's position regarding the Limitation Act 2010

Tower Insurance confirms that the sixth anniversary of the February 2011 earthquake (February 2017) should not be seen as a deadline for filing court proceedings for customer with outstanding Canterbury earthquake claims.

On 17 December 2015, Tower agreed jointly with other private insurer members of the Insurance Council of New Zealand (ICNZ) not to plead a defense under the Limitation Act 1950 or the Limitation Act 2010 for any residential claim relating to the Canterbury Earthquakes where proceedings are filed in the Courts before 4 September 2017.

In addition to this agreement with other ICNZ members, Tower has also considered the six-year limitation period to begin from the time a claim was or is settled or rejected, rather than from the date of the original earthquake event.

The position of Tower should remove concerns for its customers that may need to file court proceedings before 22 February 2017.

Confirmation of Tower's position regarding the Limitation Act 2010

Tower Insurance confirms that the sixth anniversary of the September 2010 earthquake (September 2016) should not be seen as a deadline for filing court proceedings for customer with outstanding Canterbury earthquake claims.

On 17 December 2015, Tower agreed jointly with other private insurer members of the Insurance Council of New Zealand (ICNZ) not to plead a defense under the Limitation Act 1950 or the Limitation Act 2010 for any residential claim relating to the Canterbury Earthquakes where proceedings are filed in the Courts before 4 September 2017.

In addition to this agreement with other ICNZ  members, Tower has also considered the six-year limitation period to begin from the time a claim was or is settled or rejected, rather than from the date of the original earthquake event.

The position of Tower should remove concerns for its customers that may need to file court proceedings before 4 September 2016.