A new report has projected insurers are likely to stop fully covering some coastal homes in Wellington and Christchurch in the next 10 years due to sea level rises.
Photo: RNZ / Richard Tindiller
The government-funded report found premiums for thousands of low-lying coastal houses could increase five-fold – if insurance companies cover them at all.
The report, written by Climate Sigma, says with even slightly higher sea levels, damage from storm surges will become more regular and devastating.
Māni Dunlop spoke to the lead author, Belinda Storey
