On the 15 August 2019 the government announced a new package for owners of on-sold over-cap properties in Canterbury. This means that if you’ve brought a home in Canterbury and discovered that it is damaged over the EQC cap, you may be eligible for an ex gratia payment to cover the cost of repairs. This new policy is only available until the 14 October 2020. After that the policy will not be available.

1. You must be the current owner of the property.
2.  Your application must have been made on or before 14 October 2020.
3. You must have purchased the property within the specified time period. To meet the requirement, you must have:
   a) made your offer to purchase the property after the natural disaster damage arising from the Canterbury Earthquake Sequence occurred to the property; and
   b) made your offer to purchase the property on or before 15 August 2019.
4. If your Offer was subject to a Building Condition, you must have satisfied or waived that Building Condition on or before 15 August 2019.
5. The original owner(s) of the property must have lodged at least one claim with EQC.
6. Before you made your offer to purchase the property the claim(s) lodged by the original owner(s) to which an ex gratia payment relates must have already been assessed by EQC and determined to be under-cap.

This can be daunting but a great place to start is to call Hardy Projects on 0800 742 739. We can talk about your property discussing what you know and then arrange a site inspection to check your floor levels. Depending on what we find we will advise you accordingly. Our goal here is to make this process as easy and hassle free for you as we can.