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Hawke’s Bay
The Earthquake Commission’s scorecard shows it has paid out $7.5 billion out an expected total payout of more than $12 billion.
EQC recently reported it was 85% of the way through the settlement of Canterbury building claims.
But the value estimate shows how the most expensive work of the most damaged homes is yet to be completed.
There are 11,980 homes in this category with damage less than $100,000.
Damage of more than $100,000 is managed by individual private insurers.
The ratio of homes with damage of more than $100,000 is constantly changing as more houses go over the $100,000 cap.
In addition to cash settlements EQC has managed 58,020 homes with damage less than $100,000.
Chris Hutching for NBR NZ Property Investor
Thu, 31 Jul 2014
Thu, 31 Jul 2014
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EQC score shows about $5b in payouts to go
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