Story: Insurance

Who are you going to call? (2nd of 2)

Who are you going to call?

These fridge magnets give the toll-free number of the state-owned Earthquake Commission (EQC) for reporting earthquake, slip and volcano damage. EQC pays claims for property damage caused by earthquake, landslip, volcanic eruption, geothermal activity or tsunami, and storms or floods on residential land. The commission also researches and plans the most effective responses to large-scale natural disasters. Insurance companies charge policy owners a disaster insurance premium, which is then paid to EQC.

Magnets courtesy of Earthquake Commission

Using this item

Te Ara - The Encyclopedia of New Zealand
Photograph by Marguerite Hill

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How to cite this page:

Alan Henderson, 'Insurance - Disaster insurance', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/en/photograph/24138/who-are-you-going-to-call (accessed 19 February 2020)

Story by Alan Henderson, published 11 Mar 2010