Orchard 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. This means:

    - Updating “Natural Disaster” to “Natural Hazard (Natural Disaster)”
    - Updating “EQC” to “The Natural Hazards Commission Toka Tū Ake”

    We have also updated ‘Natural Landslip’ to ‘Natural Landslide’ and re-worded the Natural Landslide definition to match the Natural Hazards Insurance Act 2023.

    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?
    Throughout the policy

    We have updated references to ‘Natural Disaster’, and ‘EQC’ to match the new names under the Natural Hazards Insurance Act 2023. This means:
    - Updating “Natural Disaster” to “Natural Hazard (Natural Disaster)”
    -Updating “EQC” to “The Natural Hazards Commission Toka Tū Ake”

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

    Page 17 – Definition of Natural Hazard We have updated ‘Natural Landslip’ to ‘Natural Landslide’ and re-worded the Natural Landslip definition. These amendments are to match the Natural Hazards Insurance Act 2023.