Edgecumbe floods almost all mopped up

Flooding in Edgecumbe in 2017. Photo: Charlotte Knight/Facebook

 

Nearly all insurance claims that resulted from the Edgecumbe floods in in 2017 have been partially or fully settled, says the Insurance Council. 

The banks of the Rangatāiki River burst through a flood bank at Easter in 2017, causing massive flooding and widespread, severe damage to the township of Edgecumbe.

One year on from that event, data collected by the Insurance Council shows the recovery has progressed well.

A total of 1080 claims were received as a result of the flooding.

At March 1 this year, 98 per cent of them had been partially or fully settled. 

“This is a great result,” says ICNZ Chief Executive, Tim Grafton.

“The people of Edgecumbe suffered an incredible blow in the Easter flooding last year so to see how much progress has been made in resolving claims is heartening. 

“The bulk of claims received were for houses and contents and 98 per cent of them have been settled, either in full or in part. This shows the commitment of insurers to getting people back on their feet after these sorts of events.”

Full figures for the event are included below:

Claims rec’d

Claims partially/fully settled

%

Total paid ($)

Domestic

809

793

98%

47,718,910.01

Commercial

75

71

95%

4,787,075.35

Marine

162

161

99%

1,533,197.49

Motor

33

33

100%

234,424.86

Other

1

1

100%

42,000.00

Total

1,080

1,059

98%

54,315,607.71




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