Cash payouts accelerated by EQC deadlines

EQC staff have been told to accelerate Christchurch earthquake claim settlements by offering cash when possible.

They have told NBR NZPI the Fletcher/EQC repair programme is being wound down by December.

The only way this can be achieved is to offer cash settlements and leave affected homeowners to make their own arrangements.

The repair programme manages repairs of homes with damage up to about $100,000.

Cash settlements are also being offered where damage is more than $100,000 and outside the EQC repair programme.

 

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