Contract Works Policy
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What?
We have updated references to ‘Natural Disaster’, and ‘EQC’ to match the new names under the Natural Hazards Insurance Act 2023. This means:
- Updating “Natural Disaster” to “Natural Hazard (Natural Disaster)”
- Updating “EQC” to “Natural Hazards Commission Toka Tū Ake”
We have also updated ‘Natural Landslip’ to ‘Natural Landslide’ and re-worded the Natural Landslide definition to match the Natural Hazards Insurance Act 2023.
There is no change in your FMG cover.
Why?
Your policy has been updated to comply with the new Natural Hazards Insurance Act 2023. There is no change in your FMG cover.
When?
This change affects all policies renewing on or after 1 July 2024.
Page and Clause What has changed? Why has it changed? Throughout the policy We have updated references to ‘Natural Disaster’, and ‘EQC’ to match the new names under the Natural Hazards Insurance Act 2023. This means:
- Updating “Natural Disaster” to “Natural Hazard (Natural Disaster)”
- Updating “EQC” to “Natural Hazards Commission Toka Tū Ake”
Your policy has been updated to comply with the new Natural Hazards Insurance Act 2023.
There is no change in your FMG cover.
Page 16 – Definition of Natural Hazard We have updated ‘Natural Landslip' to ‘Natural Landslide’ and re-worded the Natural Landslip definition. These amendments are to match the Natural Hazards Insurance Act 2023.
There is no change in your FMG cover.