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Businesses in Christchurch's CBD that have been damaged by today's devastating quake are being advised to go straight to their insurance company.
All of Christchurch CBD is inaccessible and businesses in the area will not be able to open, at least for the weekend.
There is a curfew in place in the area from 7pm to 7am - all pubs and restaurants are closed, and anyone found in town overnight will be arrested.
NZ Insurance Council CEO Chris Ryan said small and medium business can likely claim through a business interruption policy for any costs incurred as a result of the earthquake and subsequent closure.
That includes loss of profit.
For rural farmers, if business is lost through not having utilities, such as power, claims can also be made through their policies, he said.
He added that the EQC (Earthquake Commission) covers first loss on homes and contents - residents can claim $100,000 from the EQC for property damage and up to $20,000 for contents. After that the insurance company takes over.
Ryan is encouraging all businesses to make claims as soon as possible so that they're in the system and can be dealt with.
For more information on the earthquake visit the Civil Defence website
Did you experience the Canterbury quake? Do you have images or video or CCTV footage of the earthquake? Send them into news@tvnz.co.nz
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Add a Comment:
Post new commentgordy said on 2010-09-09 @ 13:59 NZDT: Report abusive post
Im my 51 years on this earth I have never felt so pertrified..my first thoughts was we had been hit by a nuclear bomb and it was Armageddon. Never ever want to experience it again
schicken said on 2010-09-08 @ 19:15 NZDT: Report abusive post
I thought the same thing initially. However, another quake big enough to close or shift the cracks further is likely to be heard first and all the kids will most likely be fine. If a child does get swallowed up, I'm probably not going to have huge empathy for the media coverage or their parents, but until then, let the region have a little bit of fun. Education about health risks regarding contaminated water may be a good idea for all. :)
thinkaboutit said on 2010-09-06 @ 23:06 NZDT: Report abusive post
More great coverage tonight TVNZ especially highlighting the situation at individual community levels where people reported they felt abandoned. All credit to those organising themselves into community working groups at this level despite this. Arguably the recovery process would be greatly enhanced if these community groups were psychologically and practically supported by establishing official coordination centres at individual community levels.
Madeleine Ware said on 2010-09-06 @ 17:31 NZDT: Report abusive post
You're making some good points here. Perhaps some of the donations could be towards purchasing and setting up storage of these sorts of things. Individuals are also responsible for making their own preparations. I clean and keep old 3L juice bottles filled with water. Every now and then I water my house plants with one and refill it to refresh it.
Madeleine Ware said on 2010-09-06 @ 17:25 NZDT: Report abusive post
Why are they buying water? Aren't there several tankers about the city giving it away?