Insurance premiums
Audio, Radio New Zealand
How much are insurance premiums going to increase by after the Christchurch earthquakes?
How much are insurance premiums going to increase by after the Christchurch earthquakes?
The Canterbury earthquake is tipped to increase insurance premiums across the country.
The Christchurch earthquakes could prompt a further shake up of the insurance industry. Home owners are already being hit with premium increases of up to 30%.
Insurance premiums look set to rise by up to a third and even more to meet the cost of the Christchurch earthquakes and other disasters overseas.
The insurance industry says overseas insurers have become wary of New Zealand after Monday's earthquakes in Christchurch and higher premiums across the country are now almost inevitable.
A Christchurch man has been left stunned after his insurance premium rose by 440 percent after his insurer decided his property was at a higher risk from earthquakes.
Commercial property owners are facing not just higher insurance premiums following the Christchurch earthquakes, but also the prospect of much higher excesses.
Topics - Insurance premiums are expected to rise across the board, as insurance companies look to recoup some of the massive losses from the Canterbury earthquake. and what lasting effects might children suffer from the earthquake?
A Christchurch man has ditched his home insurance after his premiums went up $1000, or 30% a year based on new risk pricing. Tower insurance has taken into account the risk of sea surge and landslips for the Burwood home, as well as earthquakes and flooding. But Trevor Taylor says his home is several kilometres from the sea and he can't fathom the insurer Tower's sea surge assessment. Trevor Taylor spoke to Lisa Owen.