Cash settlements, what are my options seminar - 14 May 2015
Channel: cerachch
Date: 2015-05-17

These seminars cover how cash settlements are calculated and on-going insurance cover. It also talks about the legal implications of cash settlement options and your repair or rebuild decisions.

Recording of the seminar "Cash settlements, what are my options" held at the In The Know Hub, 14 May 2015. 

Speakers were: Renee Walker (General Manager, Customer Solutions, IAG) and Sarah Henderson (Independent Advisor, Residential Advisory Service (RAS)).

http://intheknow.org.nz/in-the-know-hub/

Topics covered included:

·  What to do/check when advised you will be cash settled

·  How to put together your response and who can help

·  Differences between purchasing another property elsewhere and rebuilding on your existing property when calculating a cash settlement

·  What happens if you have started the process of rebuild/repair with your insurer then they decide cash settle

·  Differences in insurance policies about cash settlement; how they can be settled/negotiated

·  Explanation of terms:
- forced cash settlement
- negotiating your cash settlement offer
- contingency/contingency clauses; partial settlement and policy entitlements.

The Canterbury Earthquake Recovery Authority (CERA) is the agency established by the Government of New Zealand to lead and coordinate the ongoing recovery effort following the devastating earthquakes of September 2010 and February 2011.

CERA is supporting a range of organisations in making well co-ordinated and timely decisions. It aims to help restore the social, economic, cultural and environmental well-being of greater Christchurch communities.

CERA: http://cera.govt.nz