Gisborne Earthquake – The Cost
May 20, 2008 · Filed Under Fire and General Insurance · Comments Off
The 6.8 magnitude earthquake that recently rocked Gisborne caused substantial damage, with lingering aftershocks for under insured businesses. The claims have reached $15 million according to the Insurance Council of New Zealand. The Earthquake Commission has received close to 4000 residential claims totalling over $20 million. The majority of domestic claims were for things like chimneys and roofs.
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