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Insurers will pay out between 160 and 250 million for water damage that occurred this summer during the floods in Limburg and North Brabant. The Dutch Association of Insurers estimates this on the basis of an inventory on Thursday. More than half of the approximately 25,000 reports have now been fully dealt with.
The Dutch Association of Insurers warns against a longer settlement process than is normally the case. This is partly due to the inclusion of the ‘large, complex water damage’, whereby the drying time sometimes takes months. Only then can recovery begin. The corona pandemic and scarcity of materials and personnel in the construction industry are also causing longer waiting times.
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Also read: The government reimburses flood damage in Limburg (but not everything)
Most insurance claims (15,600) originate from Limburg. So far, around 9,200 reports have been received from the province of North Brabant. The majority of the claims concern private damage to homes and vehicles. 70% of this has now been completed in full. Of the approximately 2,500 cases of business damage, about half of the victims went through the entire settlement process. Incidentally, not all flood damage is insured, the government has promised to be partly responsible for the other damage.
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