Understanding your cash settlement offer seminar  - 13 August 2015
Channel: cerachch
Date: 2015-08-14

Recording of the seminar Understanding Your Cash Settlement Offer, held at the In the Know Hub, 13 August 2015

The seminar covered:

- What should I do once I receive an offer? E.g. legal, technical advice
- How do I know whether or not the offer is reasonable?
- What are my rights in relation to my policy and settlement options? I.e. rights to refuse, to dispute or to demand insurer managed repair, etc.
- What happens if I’m part way through the repair/rebuild process?

Full and final settlement – repair/rebuild (two different discussions):
- What does it mean legally once I sign?
- Do I have to sign?
- What costs are included/excluded? E.g. project management, documentation, variations (cost blowouts), temporary accommodation, etc.
- How does an insurer predict unknown costs and incorporate those into the cash settlement? E.g. foundations.

Partial cash settlement:
- Can I negotiate a partial cash settlement?

Speakers were: Renee Walker, General manager Customer Solutions, IAG and John Goddard, Solicitor, Residential Advisory Service (RAS).

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

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