EQC
The EQC, or Earthquake Commission, is a New Zealand government agency established to provide insurance for residential properties against earthquake damage. It was created in response to the need for a coordinated approach to managing the risks associated with earthquakes, which are common in the region. The EQC offers coverage for both land and buildings, ensuring that homeowners can recover from the financial impacts of seismic events.
In addition to insurance, the EQC plays a vital role in promoting public awareness and preparedness for earthquakes. The agency conducts research and provides resources to help communities understand the risks and develop effective response strategies. By focusing on education and resilience, the EQC aims to reduce the overall impact of earthquakes on New Zealand's population and infrastructure.