Latest news and stories about claims in Portugal for expats and residents.
Eduardo Pereira explained that there are “always isolated cases” to be analysed once more, so that the response “is adequate and meets consumer protection standards”.
The Insurance and Pension Funds Supervisory Authority (ASF) admitted this Wednesday that it is difficult to provide an “immediate” response to the nearly 200,000 claims caused by the bad weather, declining to provide figures on what has already been paid. “Given the characteristics and intensity of these phenomena, it is difficult to provide such an immediate response...”
Since Kristin in January, insurance companies have accumulated 180,000 claims. They have already paid 260 million, but many cases are awaiting documentation to be concluded.
The rate of claim settlements is approximately 1,500 per day, according to a statement from the APS.
Payments have already been made for 41% of claims reported to insurers following the series of storms that hit Portugal between January 27 and February 13, the Portuguese Insurers Association (APS) announced this Thursday after assessing the damages covered by insurance contracts with its member insurance companies.
After the passage of the depression Kristin, Ageas Portugal Group, which owns insurers Ageas Seguros and Ocidental, created an online form to report Home Multi-risk claims — which can be accessed by clicking here. By the end of yesterday, Ageas Portugal Group had logged more than 2,300 incidents, guaranteeing...
After Storm Kristin devastated the country's central region, causing at least five deaths, insurer Fidelidade, to speed up compensation payments, is waiving on-site inspections for multi-risk home insurance claims up to €5,000. To be exempt from the inspection, policyholders simply need to send photographs documenting the damage, ...
At present, it is difficult to estimate the scale of the losses. Affected business owners emphasise that insurance cover is never sufficient.
The Portuguese Association of Insurers (APS) is gathering information from companies in the sector to establish the impact of Storm Kristin with regard to damages covered by insurance, a spokesperson for the organisation told Lusa.
The Portuguese Insurers' Association (APS) is collecting information from companies in the sector to ascertain data on the impact of Storm Kristin “with regard to damage covered by insurance”, an official source from the entity told Lusa. The same APS source, the association that represents more than 99% of the national insurance market, indicated that "the ...
The Ageas Portugal group, through the brands Ageas Seguros, Seguro Directo and Ocidental, recorded 170 incidents up to 14:00 on Wednesday following storms Ingrid and Joseph and the most recent depression Kistrin that is battering mainland Portugal. Ageas reported that the storm caused hundreds of incidents across the country, ...
