Red Zone & s124 notices


A recent article in the Press on 3 December 2012 stated that the insurance company, IAG would payout a rebuild cost to owners of earthquake hit houses in the Port Hills red zone that have received notices under s124 of the Building Act 2004.  I am aware that Southern Response Earthquake Services is adopting a similar attitude.  This is a positive development for homeowners in the fight against insurance companies.  It remains to be seen what the attitude will be of other insurance companies.