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  1. #1281
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    Join Date
    Jan 2015
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    238

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    Quote Originally Posted by Balance View Post
    https://www.newstalkzb.co.nz/news/na...uined-by-rain/

    Losses could be as high as $50m and more if the rain does not stop.

    This covered by insurance?
    Depends on the wording on the insurance contract.

    Typically, replacement of contents style policies cover 'unforeseen events.' Is heavy rain really fitting into this category?
    More business interruption style policies also rely on an underlying event that triggers it (eg EQ closes CBD).


    I note in less than 2 months (since 26/11/2020), 5 directors and the new CEO have bought on market.

  2. #1282
    Senior Member
    Join Date
    Dec 2009
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    A Hawk in the Bay
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    Quote Originally Posted by Antipodean View Post
    Depends on the wording on the insurance contract.

    Typically, replacement of contents style policies cover 'unforeseen events.' Is heavy rain really fitting into this category?
    More business interruption style policies also rely on an underlying event that triggers it (eg EQ closes CBD).


    I note in less than 2 months (since 26/11/2020), 5 directors and the new CEO have bought on market.

    perhaps they tuned into the wrong set of weather gods ?
    ... the fine art of sniffing out debits & credits hidden under the carpet can pay dividends ...

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