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Businesses may not be covered for fuel crisis losses

Author
Juliette Siversten,
Publish Date
Wed, 20 Sep 2017, 7:46AM
(Getty Images)

Businesses may not be covered for fuel crisis losses

Author
Juliette Siversten,
Publish Date
Wed, 20 Sep 2017, 7:46AM

Insurance may not cover businesses affected by the Auckland fuel crisis.

The damaged pipeline at the centre of the crisis is causing chaos for travellers.

Insurance lawyer Andrew Hooker told Mike Hosking says most business interruption insurance policies won't cover losses as a result of a fuel shortage.

"They cover electricity, gas, as in natural gas, but they don't seem to specify lack of fuel or diesel or whatever so I think the insurance companies may squeeze out of this one."

Hooker said travel insurance policies should cover an event like this.

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