Former head of Earthquake Commission says EQC caps should be increased to $400,000
Newshub, 10/06/2019, Sam Farrel
A former head of the Earthquake Commission says it's time to look at increasing EQC caps to 400-thousand dollars.
EQC aims to offer support to homeowners hit by earthquakes - but former boss, David Middleton, say the payouts are too low and need urgent review.
Next month, that payout threshold will increase from 100-thousand to 150-thousand dollars - but Middleton says that's not enough.
"[The] EQC cap of 100-thousand, which was set in 1993 to achieve the purpose that was described for it then, which was to rebuild an ordinary New Zealand home - that needs to be 400-thousand now," Middleton told Newshub.