EQC explained
Have questions about the EQC? Here's more on who they are and how they help.
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Who are they?
The Earthquake Commission – Toka Tū Ake EQC is a government body that help cover insurance claims for residential homes and land in the wake of certain types of natural disasters. They were established in 1945 and began as the Earthquake and War Damage Commission. Their mission is to provide insurance relief to help communities recover after certain types of natural disasters, like:
- Earthquakes
- Landslips
- Volcanoes
- Tsunamis
- Hydrothermal activity
So if your home is damaged by any of these natural disasters, the EQC will help towards the cost of rebuilding – and other insurers, like Tower, look after the rest.
How does it work?
A portion of your house and landlord insurance premium goes towards the EQC. This money is collected in a levy. Every insurer collects this levy and passes it on to the EQC. As a government insurance, it’s all about Kiwis helping Kiwis. And makes sure we’re prepared in case of some natural disasters.
To find out more about the EQC, visit tower.co.nz/eqc or EQC's website for information on what they do for all of us in times of need.
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