新西兰英语 356 Earthquake Insurance Claims

（单词翻译）

　　Chris Ryan, Chief Executive of the New Zealand Insurance Council, said today that Canterbury earthquake claims will probably be more than $3bn. This will be the biggest payout in New Zealand’s history for any natural disaster. The second biggest payout was about $600m in today’s money for damage from the 1987 Edgecumbe earthquake.
Anyone who has insured their house – and that is nearly everybody in New Zealand – is also insured with the EQC – the Earthquake Commission. The EQC was set up in 1945 to provide insurance for natural disasters such as earthquakes, volcanoes, floods or storms.
It now has $5.6bn invested, mostly overseas. The EQC will pay up to $100,000 for damaged property as a result of the September 4th earthquake or from the after-shocks. About 100,000 people have made a claim with the EQC although not all of these claims are big. Some are for minor¹ damage like fallen chimneys. However, about 7,000 houses are badly damaged and some will need to be demolished². The EQC will pay the first $100,000 to replace the house and private insurance companies will pay the rest.
Private insurance companies expect to pay $1.5bn for earthquake damage and this will make the Canterbury earthquake the third most expensive payout in the world. Storms in Europe cost private insurance companies $3bn and storms in North America cost $2bn. If you add what the EQC will pay out, the total could be $3bn.
Insurance premiums³ for all New Zealanders will probably rise next year as a result of the earthquake.
Questions
1. Do most people in your country have insurance for their home?
2. If you borrow money from a bank to buy your house (i.e. you have a mortgage), you have to insure your house. Why does the bank insist on this?
3. Why does the EQC invest most of its money overseas?
4. Some business people have business interruption insurance. What is this?