Open AccessEarthquake insurance
Author(s) -
J. L. Gill
Publication year - 1969
Publication title -
bulletin of the new zealand society for earthquake engineering/nzsee quarterly bulletin
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.917
H-Index - 36
eISSN - 2324-1543
pISSN - 1174-9857
DOI - 10.5459/bnzsee.2.1.116-118
Subject(s) - indemnity , property insurance , actuarial science , underwriting , commission , insurance policy , business , forensic engineering , casualty insurance , engineering , finance
Property owners in New Zealand obtain indemnity against loss or damage occurring as a direct result of earthquake shock or earthquake fire under a compulsory extension to a contract of fire insurance. A special earthquake and war damage premium is levied under fire insurance contracts made in New Zealand and is paid by the insurer into a fund which is administered by the Commission under the Earthquake and War Damage Act 1944.