Extreme weather conditions have significantly affected Hungary during the first half of June, resulting in about 18,500 claims files worth a combined HUF 2 billion (~EUR 6.1 million) in losses, the local association of insurers said.
Claims settlement proceeds fast, most insurers trying to respond to the announcements within 72 hours. Low value claims are settled within a few days. In fact, a recent survey undertaken at MABISZ's (Hungarian Association of Insurers) request shows that 90% of home insurance customers are satisfied with the service received.
Last year, in the peak period between May and August (otherwise affected by frequent weather abnormalities), companies spent nearly HUF 6 billion in real estate owners' compensation. According a press statement made by a representative of the Hungarian unit of Generali, judging by the past experience, the summer storms season may leave behind some 100 thousand claims for home insurance contracts.
21284 views