Is your insurance disaster resistant?
Earthquakes, hurricanes or other natural disasters. What does your insurance and if you can call on the Relief of the government?
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What assurances are essential to you? You read it in the pocket theme ‘Excess’.
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Exclusive for Members:
* The right insurance Insurance guide »
* Natural disasters and nuclear exclusion
* Sometimes Flood Protection
* When will the government in?
* Check your insurance
Natural and nuclear disasters excluded
Victims of an earthquake do not need to go through their insurer. Major natural disasters and nuclear policy conditions are excluded by default. They are unpredictable and too great a risk to the insurance
companies, according to the Association of Insurers. It is legally not allowed to offer such disasters insurance. Insurers cannot take the promise to pay the damages.
Floods sometimes covered
The Association has advised its members are building and contents insurance can be expanded with a wider coverage of damage from heavy rainfall. These so-called precipitation clause enables two conditions:
* The heavy rain showers (40 mm in 24 hours, 53 mm to 67 mm in 48 hours or 72 hours)
* And local (i.e., the premises must be there or where heavy rains fell in the immediate vicinity)
The advice extends to cover against the ‘overflow risk of ditches, canals and embankments. Water through open windows and doors or overdue maintenance on the property of being remunerated auctions. The risk of dike burst, flooding from the sea or a river as a result of events abroad is not covered. So if it rains firmly in France and the Netherlands on the river flows, it is not paid. Even if it goes well then pour in the Netherlands.
When will the government in?
When there are uninsurable disasters, the government costs allowances catastrophes and major accidents (WTS) enjoyed. There is every time a royal decree is needed. Comes a dike or the earth trembles, then the interior minister about the government’s decision to ask. An earthquake is a disaster, as the WTS provides, when a magnitude of 4.5 or more on Richter scale. But even in such an earthquake on the Richter scale 4.9, it is possible that the Interior WTS inapplicable. The WTS fact refers to the Disasters and Major Accidents Act. It stipulates that a disaster is a disaster if in addition:
* A serious disturbance of public security is created, wherein the life and health of many people, the environment or large material interests are seriously threatened or harmed;
* And a coordinated use of services and organizations of various disciplines required for the threat to eliminate or reduce the harmful effects.
Only then can victims use the schemes from the WTS. The latter two criteria also apply in case of flooding, et cetera dyke. The claimed damages and costs must be direct and immediate result of a disaster or a major accident. Which area under the scheme and how long the injury period is a time set as the level of fees. The government may decide to use such an excess. It is not paid if the insured loss could be either when the damage from a ‘regular’ insurance.
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