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Monday, July 1, 2013

EQC - Timeframe for settlement of under $15,000 claims

The following is from the EQC website (here).

July 2013

EQC expects to settle all single-dwelling under $15,000 claims (standard) that don't have structural damage by the end of October 2013.

This will include your claim if:

  • your overall home repairs will cost less than $15,000 (+ GST)
  • you don't have any structural damage integral to your building
  • you don’t have any urgent repairs outstanding
  • your claim or claims refer to a single dwelling rather than a body corporate managed property or multi-dwelling.

There are approximately 20,000 properties still to be settled. So far, EQC has settled approximately 20,000 dwellings with under $15,000 claims as at the end of June 2013.

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