Under the Earthquake Commission Act 1993, EQC has to apportion the damage/cost between earthquake events as there is a cap per event that is usually $100,000 plus GST per event. Where there were damage inspections between quakes then it is straight forward to apportion based on actual damage. In the past EQC has apportioned damage in the absence of inspections based on damage % in the area. It has now taken to apportioning based purportedly on remedial costs on properties in the area. It is important to get from EQC in relation to apportionment the addresses of the properties used by EQC, details of the method of construction of the properties and details of the remedial costs and method that it assessed the apportioned repair cost. It must provide this information. The court has ordered it to provide this information in cases.
0 0 Grant Shand Grant Shand2018-01-23 21:31:412018-01-23 21:31:41EQC & New Apportionment of Damage Method