Story: Insurance

Insurance Council assessors at flood site

Insurance Council assessors at flood site

In 2005 a state of emergency was declared in Matatā in the Bay of Plenty after massive floods destroyed homes, farmland and possessions. Soon afterwards, assessors from the Insurance Council arrived to inspect the damage and advise on insurance payouts. Since the 1960s most flood damage has been covered by ‘all risks’ policies, although the Insurance Council directly covers loss of land from flooding.

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New Zealand Herald
Reference: 210505HOSNMFLOOD08.JPG
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How to cite this page:

Alan Henderson, 'Insurance - Early fire and general insurance', Te Ara - the Encyclopedia of New Zealand, (accessed 29 July 2021)

Story by Alan Henderson, published 11 Mar 2010