Earthquake levy rise realistically reflects costs

This National-led Government is committed to rebuilding Christchurch and supporting the people of Canterbury.

The Earthquake Commission levy is being increased to ensure EQC can meet its long-term costs and continue to provide disaster cover around New Zealand.

The levy will rise from February next year, to help rebuild the EQC’s Natural Disaster Fund and to more realistically reflect EQC’s operating costs.

This will add about $2.65 a week to most homeowner’s insurance bill.

Raising the levy for those who benefit from earthquake insurance cover is the fairest way to ensure EQC can meet its long-term costs.

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