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Home / New Zealand

EQC paying out $7.5 million a week

APNZ
18 Oct, 2011 04:48 AMQuick Read

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The Earthquake Commission is paying out millions in content claims ever week. File photo / Paul Estcourt

The Earthquake Commission is paying out millions in content claims ever week. File photo / Paul Estcourt

The Earthquake Commission is paying out $7.5 million in content claims a week, latest data shows.

About $30m in claims were settled in the four weeks to October 14.

EQC is guaranteeing to pay out all completed claims by Christmas, if they are with EQC by October 24.

About 38,000 contents claims are currently being processed, but many more are awaiting customer action, such as a completed Schedule of Contents, receipts or other supporting documents.

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