If your residential property is completely destroyed by an earthquake, the financial recovery process depends heavily on your insurance coverage. In New Zealand, claims are managed jointly through the government's Natural Hazards Commission (NHCover) for foundational land and structural caps, supplemented by private insurance for remaining costs up to your sum insured. In the United States, homeowners with dedicated earthquake insurance receive payouts up to policy limits to clear debris and rebuild, whereas uninsured homeowners absorb the total loss out of pocket.
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