Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


webup

517 posts

Ultimate Geek


#80263 29-Mar-2011 20:45

Anyone had their contents claim processed from the 22nd earthquake?

Apparently they dont do new for old and Ive been hearing some horrendous stories of depreciation on items claimed for where they are giving a fraction of the value it would cost to replace the item.


Create new topic
Shoes2468
720 posts

Ultimate Geek


  #453270 29-Mar-2011 20:52
Send private message

Good Luck, I only just got mine settled from the first earthquake before the 22nd earthquake. That was a contents only claim, and only 3 items 1 being a tv. Cant remember how many times I had to Resend Photos. Wanting to replace your goods already? I feel your pain.

sbiddle
29279 posts

Uber Geek

Moderator
Trusted
Biddle Corp
Lifetime subscriber

  #453277 29-Mar-2011 21:08
Send private message

webup: Anyone had their contents claim processed from the 22nd earthquake?

Apparently they dont do new for old and Ive been hearing some horrendous stories of depreciation on items claimed for where they are giving a fraction of the value it would cost to replace the item.



If I recall correctly whether goods are replaced at new replacement value or agreed value depends on the type of insurance cover you have.

I'm not from Chch so obviously I'm not an expert of these things however! Smile

 
 
 
 


webup

517 posts

Ultimate Geek


  #453280 29-Mar-2011 21:17

Interesting.

Im with AA who do have new for old replacement policy.

sbiddle
29279 posts

Uber Geek

Moderator
Trusted
Biddle Corp
Lifetime subscriber

  #453289 29-Mar-2011 21:48
Send private message

From the EQC site



How much cover do I get?


EQC insures your home on a replacement value basis, but there are limits to the amount you can claim (and on which you pay premiums).
These limits are the least of the following :


  • the amount for which you have insured your home on a replacement basis (i.e. the replacement sum insured);

  • if your fire insurance policy does not have a replacement sum insured, an amount specified by you in the policy for EQCover on your home or holiday home (which cannot be less than $1,000 per square metre of floor area);

  • $100,000 (+ GST) per dwelling.


EQCover also insures your personal belongings and gives cover on the same basis as the fire insurance. So, if your personal belongings are insured against fire on a replacement basis, EQCover will also be on a replacement basis; but if they are insured on a less favourable basis than replacement value, then EQCover will be on the same basis.

The limit of EQCover for personal belongings is the lesser of:


  • the amount for which your belongings are insured against fire;

  • $20,000 (+ GST).




CADMAX
274 posts

Ultimate Geek

Subscriber

  #453308 29-Mar-2011 22:22
Send private message

well we got EQC out for the 4th September quake about 2 weeks befor the 22nd one.
we have full replacement thing going on, so we got new stuff for old.

or will do once we get paided out.
total bill for the first one was over $40K.

push them for replacement items our nabour got a new LCD for a old CRT

cgrew
860 posts

Ultimate Geek
Inactive user


  #453377 30-Mar-2011 08:54
Send private message

Shoes2468: Good Luck, I only just got mine settled from the first earthquake before the 22nd earthquake. That was a contents only claim, and only 3 items 1 being a tv. Cant remember how many times I had to Resend Photos. Wanting to replace your goods already? I feel your pain.


Exactly the same situation here - 6 emails later and only in the last couple of weeks, I finally received my contents claim from EGC from the September earthquake.

Create new topic





News »

Huawei introduces new features to Petal Search, Maps and Docs
Posted 26-Oct-2020 18:05


Nanoleaf enhances lighting line with launch of Triangles and Mini Triangles
Posted 17-Oct-2020 20:18


Synology unveils DS16211+
Posted 17-Oct-2020 20:12


Ingram Micro introduces FootfallCam to New Zealand channel
Posted 17-Oct-2020 20:06


Dropbox adopts Virtual First working policy
Posted 17-Oct-2020 19:47


OPPO announces Reno4 Series 5G line-up in NZ
Posted 16-Oct-2020 08:52


Microsoft Highway to a Hundred expands to Asia Pacific
Posted 14-Oct-2020 09:34


Spark turns on 5G in Auckland
Posted 14-Oct-2020 09:29


AMD Launches AMD Ryzen 5000 Series Desktop Processors
Posted 9-Oct-2020 10:13


Teletrac Navman launches integrated multi-camera solution for transport and logistics industry
Posted 8-Oct-2020 10:57


Farmside hits 10,000 RBI customers
Posted 7-Oct-2020 15:32


NordVPN starts deploying colocated servers
Posted 7-Oct-2020 09:00


Google introduces Nest Wifi routers in New Zealand
Posted 7-Oct-2020 05:00


Orcon to bundle Google Nest Wifi router with new accounts
Posted 7-Oct-2020 05:00


Epay and Centrapay partner to create digital gift cards
Posted 2-Oct-2020 17:34









Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.