22,500 claims on faulty homes
PA Wellington About 22,500 new home owners have sought insurance against building or material faults since the Building Performance Guarantee Corporation came into being six years ago. The corporation’s chairman, Mr lan McAllister, said that that represented cover of $741 million. He said the demand for indemnities issued by the corporation was keeping pace wn the "amost 24 per
cent” increase in the issue of building permits this year. The corporation, in the last year,-had issued over 3000 indemnities — Govern-ment-guaranteed cover for six years against default by builders, failure of materials, or serious construction defects. The corporation has paid out about $390,000 in claims, mostly against construction failure caused by poor workmanship. **
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19840324.2.117.3
Bibliographic details
Press, 24 March 1984, Page 14
Word Count
11722,500 claims on faulty homes Press, 24 March 1984, Page 14
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in