The Insurance and Pension Funds Supervisory Authority (Autoridade de Supervisão de Seguros e Fundos de Pensões or ASF) says about 49% of homes exposed in municipalities hit by the storm did not have insurance covering storms or floods, RTP reports. Insurers have received roughly 114,000 claims and paid about €42 million so far, Correio da Manhã adds, signaling a large uninsured population and likely delays in payouts. Homeowners and renters should check their policies, submit claims promptly and expect processing times to be stretched.
Almost half of exposed homes lacked storm insurance
Wednesday, 18 February 2026AI summary
Context & Explainers
ASF is the insurance and pension funds supervisory authority (Autoridade de Supervisão de Seguros e Fundos de Pensões). It regulates insurers, monitors solvency and protects policyholders; here ASF is gathering information on claims and financial guarantees to assess sector costs and whether insurers’ practices comply with rules, which can affect claim payouts and industry stability.
Storm coverage in home insurance pays for damage to a dwelling and its contents caused by storms, heavy rain and related flooding; in Portuguese this is commonly called cobertura de tempestades e inundações. The ASF said 49% of exposed homes in the recent bad-weather municipalities lacked this cover, with 114,000 claims and €42 million paid so far, so homeowners and renters should check policy limits, exclusions and whether temporary accommodation is covered.
