Insurers estimate 44% of homes affected in the last 10 years by meteorological phenomena
44% of homes in the Region of Murcia have been affected by a weather event, the highest percentage by autonomous communities, according to the report ‘The impact of atmospheric phenomena on home insurance from a social perspective’ by the Division Direct Line Home.
At the national level, the effect of climatic events has affected 27% of the houses in the last 10 years, which is equivalent to almost 7 million houses, according to the estimate of the park of the Ministry of Transport, Mobility and Urban Agenda.
According to the study, the most common damage from atmospheric incidents are: wind (40%), flooding from rains (39%), hail damage (24%), snow (18%), lightning or thunderstorms (12%) and seismic damage (6%). Among the fears of Spaniards, losing the house as a result of a flood is the most feared phenomenon with 26%, followed by earthquakes (25%), hurricanes (16%), lightning or electrical storms (16%), snow (10%) and hail (8%).
Among the autonomous communities most affected by the climate, the first is the Region of Murcia (44%), followed by Castilla-La Mancha (36%) and Castilla y León (30%); Those with the fewest incidents at home are Asturias (20%), the Basque Country (18%), and Navarra (17%).
Regarding the non-insurance in the Spanish territory, it stands out that half of the provinces most affected by natural disasters are also those that have more uninsured homes than the rest of Spain. The Canary Islands is the autonomy with the most uninsured homes, despite the increase in natural disasters.
Among Spaniards who have suffered an incident at home due to an atmospheric or climatological phenomenon in the last 10 years, more than half were covered by their insurers. According to the survey carried out, 8 out of 10 Spaniards have contracted insurance for their home, although only 42% know in detail the coverage contracted and its scope. Which means that 20% of the housing stock is uninsured: 5.3 million homes according to the estimate made from data from the Ministry.
In addition, 80% of the participants affirm that the main reason for having insurance is that their house is their most valuable asset and they consider it necessary to cover possible damages. The coverages that they value the most are: water damage (73%), civil liability (70%) and theft (67%).