Earthquake Insurance

The insured is entitled to a damage compensation if it can be proven that an earthquake occurred in the area of the insured property, of the intensity higher than 5 degrees of the Mercalli-Cancani-Sieberg scale.

Upon earthquake claim realization all events occurring within 72 hours of an actual earthquake are considered to be one loss event.

A 2% deductible is applied to this policy, with a given apportionment limit, unless the insured buys out the deductible [damage apportionment].

Even though earthquakes cannot be prevented or accurately predicted, we can insure ourselves against the material damage they can cause.

By purchasing an earthquake insurance policy, the insured is entitled to a damage compensation if it can be proven that an earthquake occurred in the area of the insured property, of the intensity equal or higher than 5 degrees of the Mercalli-Cancani-Sieberg scale. When an earthquake risk is realised, all events occurring within 72 hours of an actual earthquake are considered to be one loss event. The premium is determined by the location of the insured property, i.e. by the earthquake zones.