EQC On sold program is winding down
The EQC On sold program was established for owners of houses who purchased property Postquake™, after the 2010/2011 seismic events, that caused significant damage across the Canterbury region, in particular Christchurch.
We understand late claims are still been accepted in exceptional circumstances.
The On sold program since it was established has seen a steady rise the number of owners choosing to pursue a new insurance claim. Owners who fit into this category should seriously consider contacting Risknet to review the EQC scope of works and also the repairs that the previous owners stated as being completed.
We encourage buyers call us for an independant 2nd opinion, before you sign a contract. Risknet can review the initial assessment(s) to determine what repairs have been completed. If damage remains unreparied, the owners face the risk of their future insurance being declined.
Remember, Geonet have made no secret about the fact that Canterbury will face another Earthquake related to the Alpine fault rupturing. When, no one knows, however if it occurs whilst you own the house then you will need some assurance that your insurance cover will stack up.
Risknet has completed hundreds of floor levels surveys and building inspections for clients in the past few months and as part of these assessments. Risknet is asked to review what other firms are providing in the market. The news is not good. We are continually informing and educating clients about the risks, not over stating these rather providing our specialist knowledge to assist our clients now and in the future.
Some background on Risknet.
The Director of Risknet, Stuart Fletcher, has been an early champion for change, having presented evidence to Minister Megan Woods and Grant Robertson’s office plus the Earthquake Commission, as well as providing crucial data to the insurance industry and local Regional Councils. Risknet also owns the exclusive database of damaged houses sold As Is Where Is.
Knowledge is key in firstly determining what to be wary of when buying a house, and secondly how to ensure that what you are buying will indeed have sufficient insurance during a future earthquake event.
We check before you commit.
Call today 022 6096026 for a free no obligation chat about your next property.