Under EQCover, your residential building is generally insured for a maximum amount of $150,000 + GST and this will begin increasing to $300,000 + GST from 1 October 2022
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.
Find out more about different types of insurance and what options might best suit your needs on the ICNZ website.
The cost of natural disasters
Data from the Insurance Council of New Zealand shows how much various natural disasters have cost insurers.
Read the Earthquake Commission Act to learn more about our obligations.