Urban myths debunked

From Earthquake Update from Lantern (for IAG customers)

We keep hearing a persistent rumour that our reinsurers have paid us out in full,and we’re avoiding paying claims so we can earn interest on this money.

The truth is we want the rebuild to get underway as much as anyone! In fact, we do not receive reinsurance money until after we have paid out on a claim, and we are definitely not holding back huge sums of money to earn interest.

Since September 2010 IAG has paid out over $900 million to its State, NZI, Lantern Insurance and Corporate Partnerships customers.

That’s more than $1.7 million per day in earthquake claims and we will continue to authorise and pay out on claims as they are finalised.  Source

Winter Assistance Grant from Red Cross

Winter Assistance Grant 

Up to $400 per household paid over four months to assist with electricity bills.

The aim of this grant is to assist vulnerable households who are living in homes significantly damaged by the earthquakes, or who have had to move into damp or hard to heat accommodation. The significant damage must include serious compromise to the heating and/or insulation of the home. This grant assists households with their electricity bills over the months of June, July, August and September 2012.

Visit Red Cross website Click Here   Download Grant Application Form Click Here