Many people believe that the likelihood of a disaster causing damage to their property is so small that it does not justify investing in insurance. As has been proven in recent years, in many cases people do not overestimate the risks and the damage finds them not only unprepared, but also in a practical inability to cope with the financial consequences.
Unfortunately, according to official data in Bulgaria, the insured homes are below 10%. It is not clear whether they all have a covered risk of earthquakes or other natural disasters - there are no such detailed statistics on the market. In most cases, insurance "Fire and natural disasters" are concluded as a requirement and an integral part of mortgage loans when buying real estate.
It is important to know that under the clause "Natural disasters" are combined several main risks that are desirable to be included in the insurance policy. These are storm, hurricane, hail, torrential rain, accumulation of snow and ice, flooding due to natural disasters, damage from falling trees, branches and other objects due to natural disasters, landslides, groundwater and frost.
Another important clause covers the Earthquake risk. This risk does not happen often, but when it does, the consequences and damage are huge. For example, after the earthquake in Pernik last year for a very short period of time insurers observed an increased interest in property insurance. But people quickly forget, do not have enough information or in most cases rely on help from the state, which is neither timely nor sufficient.
The main reason for including the catastrophic risks listed above in the insurance policy is to enable homeowners to buy at a reasonable price a very reliable insurance coverage against risks caused by natural disasters, and at the same time to provide personal protection against significant financial losses.
The price of this type of coverage is not cosmic at all - believe it or not - the average insurance premium for Generali Insurance is only BGN 0.33 per day, and this includes the payment of possible damages to both real estate and household appliances. appliances, furniture and furnishings.
Source: dnes.bg.