Christchurch quake victims holding policies with crashed Queenstown insurer Western Pacific face a tight deadline to file creditor claims.
Among Western’s 7000 small- to medium-sized business policyholders, more than 150 Christchurch firms already have unpaid claims of $1.9 million at risk.
Liquidators David Ruscoe and Simon Thorn also say they’re keeping Western Pacific’s claims department open because “a large volume of claims are yet to be assessed and determined”.
An accountant and a lawyer separately advise Mountain Scene that all Western Pacific policyholders – quake victims or not – are unsecured creditors and should lodge claims.
Ruscoe and Thorn have imposed a deadline of April 28 for creditor claims.
Mountain Scene wanted to ask whether they’d cut Christchurch quake victims a bit of slack for late claims – but there was no response by page deadline.
Policyholders without property damage are still unsecured creditors owed refunds of their outstanding premiums, Mountain Scene’s been advised.