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EQC insurance overview

EQCover provides natural disaster insurance for residential homes and land.

You automatically have EQCover for your home and land if you have a current private insurance policy for your home that includes fire insurance (and most do).

We use the term ‘home’ or ‘building’ while the EQC Act uses the term ‘dwelling’ to refer to any self-contained premises used, or capable of being and intended to be used, as a home or holiday home.


Natural disasters that we cover

EQCover provides insurance for damage from many different natural hazard types, not just earthquakes!

EQCover insures you against loss or damage from:

  • an earthquake
  • a natural landslip
  • a volcanic eruption
  • hydrothermal activity
  • a tsunami.
  • It insures your residential land (within limits) against storm and flood damage.
  • It also insures you for fire resulting from any of these natural disasters.
  • If your home isn't damaged after one of these disasters but damage is imminent as a direct result of one of them, EQCover may also apply.

EQCover costs and maximum cover

EQCover costs 20 cents for every $100 (+ GST) of home fire insurance you have, and is capped at $300 (+GST). You pay this amount to your private insurance company, which passes it on to Toka Tū Ake EQC.

Toka Tū Ake EQC provides cover for damage to a residential building up to the cap of $150,000 (+ GST) for each natural disaster event. Any building cover above the EQC cap is provided by the home owner’s private insurer, as outlined in their policy. 


An excess is the amount you must contribute toward a claim that is accepted under the EQC Act 1993. The amount of the excess is deducted from the amount of your claim.

If your accepted EQCover claim is for $20,000 or less, an excess of $200 will be deducted before the rest is paid. If your accepted EQCOver claim is for more than $20,000, 99% of this amount will be paid, as an excess of 1% will be deducted.

Government guarantee

EQCover is Government guaranteed. This provides assurance to customers that if Toka Tū Ake EQC has a very large number of claims – for example, after a major natural disaster – and cannot cover its obligations from the Natural Disaster Fund and its reinsurance, then the Government will pay the shortfall.

Direct EQCover

If you are unable to obtain EQCover for your residential building through a private insurer, you can apply through EQC for Direct EQCover against natural disaster damage.

Direct EQCover provides the same benefits as the EQCover purchased through private insurers. The only difference is that it is purchased directly from Toka Tū Ake EQC.

Before you can apply for Direct EQCover you will need to apply for insurance though the private market. We will consider all applications on a case-by-case basis.

For more information about Direct EQCover please contact

Questions and answers

Answers to some common questions about EQCover are available here. If you have a question that isn’t answered, please contact us.