The effects of Earthquakes on the city of Christchurch continue 7 years on from February 2011.
The financial and emotional strain placed on property owners and occupiers seems to be relentless with some believing they will still be unresolved beyond 2021.
Re-Assessments
The Minister recently stated she believes nothing is off the table in relation to reassessing repairs that owners believe are substandard.
So who is going to undertake these assessments? What time frame, and at what cost? Can the new assessments be relied upon given the overwhelming evidence that EQC has failed in the past?
Floor Levels
RISKNET recommend vendors and prospective purchasers to check the FLOOR LEVELS first and foremost.
In the world of post-quake on-sold repaired property, the floors must be checked to ensure preexisting issues have not been overlooked.
Buyers need to understand that the newly added high-end kitchens and alfresco dining areas, whilst improving the aesthetics of a property, will mean very little to the insurer when facing a potential future claim. If the floor levels are suspect then the entire repair on the property may be questionable.
Risknet Floor Levels start at $420 + GST. We offer 2 pricing options and 2 levels of professional service.
It is not just the dwelling that owners can face challenges with insurers as the below example demonstrates.