First EQC Settlement Under New On-Sold Policy: What This Means for Homeowners

Stuff.co.nz
Written By Phil Houghton

A landmark settlement between EQC and lead claimant Jamie Gibling marks the first successful case under the Government's new on-sold ex gratia payment scheme.

Originally headed for a 15-day High Court trial, this settlement sets an important precedent for approximately 1,000 Canterbury homeowners with on-sold over-cap properties. The $300 million government scheme offers new hope for those caught in complex post-earthquake insurance situations

Phil Houghton http://www.houghtoncreative.co.nz
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