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Selwyn Times: September 05, 2018

10 Wednesday

10 Wednesday September 5 2018 Latest Christchurch news at www.star.kiwi SELWYN TIMES Your Local Views Eight years on from the quake Selwyn MP Amy Adam writes about the effects of the September 4, 2010, earthquake, eight years after the event I know that no-one who experienced the 7.1 magnitude earthquake of September 4, 2010, will forget it. Striking as it did at an hour when most were asleep in their beds, we were awestruck by the forces involved and thankful that, although properties were damaged and services lost, most people escaped unscathed. Sadly, of course, this was not the case on the February, 22, 2011, the following year when Christchurch was hit by the violent 6.3 magnitude quake, which caused significant loss of life and many injuries as well as large-scale damage. Here in Selwyn, eight years on from the Greendale fault rupture, most homeowners have had their homes repaired and broken belongings replaced by their insurer or the Earthquake Commission. In some cases there have been disputes between insurance companies or EQC and homeowners regarding what should be repaired and how, and in a small number of cases these disputes are still ongoing. For those who still have outstanding EQC claims, the Government’s Canterbury Earthquakes Insurance Tribunal is unlikely to be the answer some were hoping for. This is because the Tribunal Amy Adams Selwyn MP nounced that it will pay owners of uninsured properties in the residential red zone 100 per cent of their pre-earthquake 2007/08 rateable value. I think that many people would agree that this is fundamentally unfair to those NOT FAIR: property owners who did pay for Selwyn MP their disaster insurance. Amy Adams At the moment New Zealand doesn’t think has substantial cover for disaster its fair the insurance, with most building owners paying for disaster Government is paying cover. This means that should out people we experience another event like who were the Canterbury earthquakes, we uninsured in are in a good position to respond Christchurch’s INVEST and if necessary rebuild. Red Zone However, having the Government pick up the entire cost SALE can only decide on simple cases insurance policies. Some of those for those who hadn’t taken out which are not already before the who received pay-outs for their their own insurance could set courts, ruling out the vast majority of EQC claims. At the time of the residential Red Zone chose is a real risk that more property damaged homes and land in a concerning best! precedent. There the Canterbury Earthquakes, 99 to purchase properties here in owners will choose not to bother per cent of red zone homeowners Selwyn. 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SELWYN TIMES Latest Christchurch news at www.star.kiwi Wednesday September 5 2018 11 WE’RE OPENING A NEW BRANCH IN ROLLESTON ANZ Rolleston is opening soon. We will have a Smart ATM that accepts deposits and cheques in a 24/7 area, plus experts to help with all of your home loan and business needs. ANZ Rolleston Open Monday – Saturday 9.00am – 4.30pm Visit us at Shop 11, 9 Masefield Drive. anz.co.nz ANZ Bank New Zealand Limited 08/18 20461-ST-PRE