Homeowners will have to pay more for home insurance to help the Natural Hazards Commission.  

Associate Finance Minister David Seymour says levies will almost certainly need to rise further, with Cabinet set to decide on the changes in the coming months.   

Insurance consultant Dean Lester told Ryan Bridge that these changes could cost homeowners two to $300 more a year.  

The government says they'll carry $2 billion worth of risk but have about $500 million in the kitty. 

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