Croatian earthquakes caused losses also in the neighboring countries

14 January 2021 — Daniela GHETU
The 6.4-magnitude earthquake has hit Croatia in 29 December, killing at least seven people and causing severe damage to the town of Petrinja south-east of the capital Zagreb, has also affected the neighboring Bosnia and Serbia, and was felt also in the southern Austria and Hungary.

According prefect Ivo Zinic's statement one week in the new year, more than 22,000 buildings in Sisak-Moslavina County were damaged, while 20% of the 8,743 buildings inspected so far are completely destroyed. 116,000 people were directly affected by the earthquake and 66,000 by the damage. Damage has been reported to 3,000 family farms, 750 trades businesses and over 800 firms.

The Croatian government announced it will provide approx. EUR 21.1 million to protect jobs at companies in Sisak-Moslavina county, in a job retention scheme that will be available for the following two months. In addition, the ministry of economy will finance the rehabilitation of the offices of SMEs in the regions affected by the earthquake by providing HRK 10 million.

Although the insured losses volume is not yet known, Croatian insurers are prepared to timely assist customers that have experienced losses. Online damage reporting is available at all insurers, so that Covid-19 protection measures can be also observed.

In Hungary, nearly 3,000 reports were received from insurance on earthquake damage in Croatia at the end of December, the estimated amount of losses reaching already around EUR 1.5 million, the Hungarian Insurance Association (MABISZ) said. Currently, 72-73% of the approximately four million residential properties in Hungary are insured, MABISZ said, as compared with Croatia, were the insurance coverage for elemental risks is rather closer to a figure in the range of 10-20%.

Several aftershocks of a significant size were felt for months, one of the stronger being reported on Wednesday, 6 January, with a magnitude of 4.8. No other casualties were reported, but material losses continued to increase adding to initial toll.

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