Property Management

No cover for many flood victims

At least a quarter of those affected by last week's devastating floods have no insurance and no way of rebuilding their lives, the Insurance Council says.

Monday, February 23rd 2004

The floods are now considered by the Government to be the biggest natural disaster to have hit New Zealand since the 1931 Napier earthquake.

Government ministers are today expected to sign off a massive relief package, possibly worth more than $100 million. Some estimates put the total bill for damage as high as $300 million.

"We've had to bring in people from all over the country and we are the first ones to see what the damage is from a claims point of view, and it's extensive," said Insurance Council chief executive Chris Ryan. He warned there could be big problems re-housing people in smaller rural communities, particularly the 25 per cent without insurance.

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Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
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Westpac Special 6.75
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AIA - Go Home Loans 6.75
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ASB Bank 6.39
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AIA - Go Home Loans 6.39
China Construction Bank 6.40
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AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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