Why is earthquake cover essential?
Prepare for the unexpected.
The ASF’s proposal to create a seismic fund in Portugal and make seismic risk cover compulsory in insurance is an important step towards protecting homes and businesses against the destructive impacts of an earthquake. In a country with a history of seismic activity like Portugal, being protected is a matter of safety and responsibility.
For Companies: Protecting the Future of Your Business
A seismic event can cause significant damage to a company’s infrastructure, equipment and stock, with losses that can lead to the interruption of operations or even permanent closure. Multi-risk business insurance with seismic event cover guarantees:
- Repair of structural damage and replacement of equipment;
- Protection against the loss of stocks and key business assets.
For Individuals: Security for You and Your Family
Homes are also exposed to serious structural damage in the event of an earthquake. Multi-risk home insurance with earthquake cover guarantees:
- Repairing the damage to the property;
- Cover for damaged or lost personal property;
- Financial security to rebuild or restore your home.
In addition to taking out insurance, the ASF suggests implementing seismic certification, similar to energy certification, to assess the resistance of buildings. This measure will allow premiums to be adjusted to the real risk, incentivising the structural improvements needed to increase safety and reduce the economic impact of an earthquake.
Whether in your home or business, protection against seismic risks is a fundamental investment to guarantee security and financial stability in the event of a disaster. Don’t let the unexpected jeopardise your future.
Corbroker is available to analyse multi-risk insurance with the right characteristics for you and/or your company.
Corbroker – Seguramente consigo.
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