Dunedin floods to cost $30m

Insurers will dish out almost $30 million after Dunedin's massive deluge last month.

Almost 2000 domestic claims and 200 commercial and business interruption claims were received by insurers after the June 3 flood, which delivered 175mm of rain to the city in 24 hours, the Insurance Council of New Zealand said today.

Flood water swamped Dunedin, with South Dunedin and St Kilda particularly hard hit, closing roads and highways, cutting power to many residents and causing slips around the city.

Final claims figures will not be known until early October, Insurance Council Chief Executive Tim Grafton says.

"Provisional figures show that nearly 2000 domestic claims cost insurers almost $20 million, with almost 200 commercial and business interruption claims costing over $8 million,'' he said.

"The remainder of claims was largely for motor vehicles.''

The repair bill for Dunedin City Council infrastructure damaged in the flood is estimated to reach $2.75million.

The government stumped up $100,000 for uninsured residents affected by the floods and the council put $150,000 to those in need.

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