‘Owners of older buildings warned’ – ODT

### ODT Online Thu, 10 Mar 2011
Insurance may become harder to get
By John Lewis
Hundreds of commercial buildings in the South could be left without insurance as insurers toughen their stance on who they will cover in the wake of the Christchurch earthquake, a nationwide commercial building insurance broker says. FMR Risk director Howard Fraser, of Dunedin, said commercial buildings built before 1935 would come under close scrutiny from insurance companies, and most might not be able to be insured.

Landlords need to brace themselves for some major changes.

Uninsured buildings could be deemed a safety hazard in the event of an earthquake, which could cause considerable financial implications for Dunedin businesses.

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Posted by Elizabeth Kerr