Earthquake insurance premiums for Wellington apartments soar.
11 July 2020
Wellington apartment owners in earthquake-prone buildings are facing insurance premium hikes of up to 320 per cent, on top of massive strengthening bills.
One woman living in an apartment on Cuba St told the Herald she's facing a $250,000 bill for her share of the building's earthquake strengthening.
And she expects that will blow out even further by the time the detailed design phase comes back sometime this year.
"It's not going to be pretty."
Read the full article here.