Canterbury homeowners fear cost of broken concrete foundations
From Checkpoint, 5:21 pm on 30 August 2019
Some Canterbury homeowners are worried that missed earthquake damage to concrete slabs could result in another big bill for the taxpayer.
It comes only weeks after EQC told Checkpoint the cost of mis-scoped damage or defective repairs following the Canterbury earthquakes could cost up to $1 billion.
This includes $450 million for botched repairs - including badly repaired rubble ring foundations - and $300 million for an ex-gratia payment to about 1000 over-cap onsold homeowners.
But some Canterbury homeowners who bought after the earthquakes - and did their due diligence - are only discovering damage to their concrete slab foundations now.