Two insurance companies say they will work together to determine the fate of a St Albans property they both cover.
Press feature writer and columnist Beck Eleven appeared on Campbell Live on Tuesday with the story of her flat, one of four units in an earthquake-damaged Stoneyhurst St building.
Eleven's flat and one other are insured with IAG, the other two with Lumley.
IAG says it can repair the two it covers, but Lumley plans to demolish the other two, despite the flats sharing foundations and firewalls.
An IAG spokesman said an external loss adjuster would assess the building "as a whole", probably this week.
"[The adjuster will] manage this case on an industry basis, given two insurers are involved," the spokesman said.
"That involves working with all parties who have a financial interest in the building, or parts of it.
"Ultimately, this could result in a meeting of all the owners to determine what they might want to do."
Having multiple insurers within one building added "complexity", the spokesman said.
"Adding to that . . . is that in this case there is no body corporate. We understand Beck has been waiting for certainty for some time and we are working to provide that."
- © Fairfax NZ News
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