Almost 200 damage files have been opened so far after the Gorj earthquakes caused on February 13 and 14, and the damage reserve for files where conclusions have already been made has been increased to 1.1 million lei, PAID by the officials – the insurance company that will pay compensation in amounting to a maximum of 20,000 euros for each earthquake-insured house, HotNews.ro reported on Monday.

• “The loss stock has reached 1.1 million lei at the moment, and this value is changing as conclusions are drawn and approximations are getting closer to actual losses.
• It is possible that the damage will be higher than these estimates and therefore some additional policies will be involved, but the probability of this is very low because the earthquakes were not destructive.” Cosmin Tudor, PAID (Disaster Insurance Pool) development director, told HotNews.ro on Monday.

On Friday, February 17, PAID’s official representative clarified to HotNews.ro that the reserve of damages for the files in which conclusions were made is 700,000 lei.

• importantly! These estimates only cover the amounts that owners can claim from PAID on compulsory policies (PAD) – ie a maximum of €10,000 or €20,000 depending on the €10 annual premium paid (for adobe, thatched houses, etc.) or 20 euros (case made of more stable materials).
• If someone has damage that exceeds this valuethe difference must be paid by another insurance company, if the owner also took out optional home insurance, in addition to the mandatory one.
• example, Last week, Omniasig and Allianz-Țiriac Asigurări announced that they have more than 150 open claims after the earthquakes in Gorzh.

192 damage files after the earthquake in Gorja: a report from Bucharest also appeared

As of 20/02/2023, 192 damage files have been opened following the earthquakes in Gorja on February 13 and 14, announced on Facebook PAID (Pool de Asigurare Optoriva Désastrelor), a private insurance company that issues compulsory PAD home insurance policies and pays compensation. in case of disasters.

The most damage files were opened in the counties of Gorz (99), Hunedoara (20), Mehedinci (13), Karash-Severin and Dolj (11 each), but, unlike last week, now the damage file and the case in the municipality of Bucharest .

A record number of earthquake-insured homes last week

PAID’s director of development also told HotNews.ro on Monday that PAD’s policy against earthquakes, floods and landslides, issued last week and which took effect over the weekend, has increased the total number of insured houses by more than 21,000.

“This is the largest increase in the portfolio between two business days. Thus, if on Friday (February 17) there were 1.854 million mandatory home insurances, today (February 20) we have reached more than 1.876 million insured homes, which is also a record for the total number of insured homes in the country,” said Kosmin Tudor. is also indicated.

According to the law, renewed policies take effect immediately and new policies take effect 5 days after registration and payment, but brokers also work on weekends, he added.

Pay attention to what is written in the contracts! Not everyone with insured homes receives compensation when disaster strikes

In a series of recent articles, HotNews.ro notes that not all Romanians who have insured their homes receive their money when disaster strikes. People need to be very careful about so-called exclusions – clauses in contracts that say when compensation is denied, clauses that are usually bigger than situations where you get your money.

Last year, more than 240 claims were made against insured and earthquake-damaged homes, of which payments were made in only 119 cases. in 27 cases, people were denied compensationincluding on the grounds that the plaster did not fall due to the earthquake, according to official data sent to HotNews.ro.

I explained in a separate article what exclusions or “traps” may appear in mandatory home insurance and the reasons why some are denied compensation.

The data is presented exclusively by HotNews.ro shows that in 2021, Romanians submitted 26 complaints to the Financial Supervisory Authority (ASF), of which 11 related to non-payment of compensation, while last year there were 13 complaints, of which 5 related to non-payment of compensation.

Read more:

• ‘Your plaster fell off, but not from the earthquake’: payouts against claims denied for homes damaged by last year’s earthquakes
• “Traps” in mandatory home insurance: why some people are denied compensation
• The state that does not do what the state says: even city halls do not insure their houses against earthquakes, floods and landslides
• Romanians would be even less likely to insure their homes if they did not have loans. Some consider it a disguised tax – What does the ASF correspond to?