By: Kane Bankers & Kate Liddle, McLarens

Duration: 46:24

This webinar also offers an optional quiz that will award an additional 0.5 of CPD.

This presentation will cover off the key changes between the Earthquake Commission Act (EQC Act) and the Natural Hazards Insurance Act (NHI Act), which came into effect on 1 July 2024.  The NHI Act reflects a modernisation and streamlining of New Zealand’s approach to natural disaster insurance.  Kane and Kate will summarise application of the Act when dealing with the key aspects of:

• Definition and ownership of a residential building according to the Act
• Land cover clarification
• Multi-unit buildings
• What is the residential percentage
• What is covered for multi-unit buildings
• What is the building cover cap
• What excess is applicable