Forestry Policy

  • What?

    We have updated references to ‘EQC’ to match the new name under the Natural Hazards Insurance Act 2023 – The Natural Hazards Commission Toka Tū Ake.

    Additionally, we have clarified that there is no cover for loss of sequestered carbon.

    Why?

    Your policy has been updated to comply with the new Natural Hazards Insurance Act 2023.

    When?

    This change affects all policies renewing on or after 1 August 2024.

    Page and Clause What has changed? Why has it changed?
    Page 5 - We comply with the Privacy Act 2020

    We have updated reference to EQC to align with the new name – The Natural Hazards Commission Toka Tū Ake.

    Your policy has been updated to comply with the new Natural Hazards Insurance Act 2023.

    Page 10, Clause 6.3, You are not covered for consequential loss.
    Page 19 – Definition of sequestered carbon     		We have updated the general exclusion for consequential loss to clarify that there is no cover for sequestered carbon and added a definition of sequestered carbon. To clarify that the policy does not cover sequestered carbon.