Government to make new 'red zone' payment for uninsured homes

Tue, 21 Aug 2018

By Rebecca Howard Aug. 21 (BusinessDesk) - The government put an end to years of legal battles, announcing it will pay former residential red zone owners 100 percent of the 2007/08 rateable value for uninsured homes. The ex-gratia payments will be made to the former owners of 103 uninsured and underinsured red zone properties who didn't take part in the legal action against the Crown and didn't accept earlier offers. The total cost of the payments, expected over the next few weeks, is forecast to be about $12 million, Greater Christchurc...

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