BTA: 76% of residents would not recover their belongings in the event of fire

19.07.2017

The majority of residents in Latvia would not be able to cope with the consequences caused by a fire in their home. While 16% of the pollees admit, they would be protected in case the insurer covered the losses, according to the opinion poll taken by BTA Baltic Insurance Company AAS (BTA).

 

Misfortune rarely alerts its coming  

 

It is difficult to see the damage ahead; however, you may get yourself insured against the consequences thereof. An opinion poll taken by the insurer BTA testified that the vast majority of residents in Latvia do not have sufficient money savings, in order to be able to recover at least half of their belongings. Only 8% of residents would be able to indemnify for the losses occurred themselves. 16% of the pollees admit they feel safe, because the insurer would cover their losses.

 

 

Surmounting a misfortune is more difficult in regions

 

Results of the poll testify that residents living in the capital think of their property more – 19% of respondents have insured their property. As compared to other regions in Latvia, a significantly larger proportion of the pollees or 11% would be able to surmount a misfortune at their own expense. Residents in Latgale would have the toughest time, where 12% have insured their private property and their belongings, while only 5% would be able to cope by their own efforts. Data testifies that both the residents of Zemgale and Kurzeme would not be able to restore lost private property, 83% and 81% of the pollees respectively. A remarkable 50% of respondents with income above 900 euros per a single family member would not be able to recover their belongings within a short time period. The survey has also testified that approximately 40% of respondents, who have their private property insured, point out that they do not have their belongings’ insurance included in the policy.

 

Residents of the capital think more on their property

19%

Residents of the regions able to surmount a misfortune themselves

11%

Residents of Latgale having their private property and belongings insured

12%

Residents of Latgale able to surmount a misfortune themselves

5%

Residents of Zemgale and Kurzeme unable to restore lost private property

83% and 81% respectively

Residents with income above 900 euros unable to recover their belongings within a short time period

50%

Respondents having their private property insured, belongings not included in the policy

40%

 

 

Not only your house or apartment is worth protecting

 

In case an unforeseen event occurred, insurer may help to cope with a misfortune, however, one should pay attention to the policy coverage upon the private property insurance purchase. It will be far easier to recover yourself from a misfortune, when you have your belongings insured as well. 70% of BTA customers have not only their real estate insured, but also their movable property. An average indemnity disbursed to our customers for a disaster occurred in their private property in the 2Q this year is 21 093 euros, while 101 880 euros last year”, emphasizes BTA Insurance Claims Handling Department Director Kārlis Liepiņš.

 

To protect oneself timely

BTA Insurance claims Handling Department Expertise Division manager Ilmārs Džeriņš encourages residents to purchase smoke detectors, which will become mandatory as of 2020, as a preventive measure. Detectors do not imply considerable costs, while not only they might save your home from major damages, but also save your life.

BTA customers most frequently choose all risks insurance, i.e. fire, natural forces, natural disasters, leakages, unlawful acts by third parties.

BTA Baltic Insurance Company is a major insurance company in the Baltic States, offering the broadest range of non-life insurance services in Latvia, Lithuania and Estonia. The largest shareholder of BTA is Vienna Insurance Group AG, one of the leading insurers in Europe with 190 years of experience in the insurance field. More than 50 companies in 25 countries constitute the group, which employs 24,000 employees. Vienna Insurance Group AG is a clear leader in its core markets in Europe maintaining high rating of financial stability  -  “Standard & Poor’s” A+ (stable outlook), with a listing on the Vienna and the Prague Stock Exchange.

 

More information:
Elīna Rasmane
Marketing and Public Relations Department Director
BTA Baltic Insurance Company AAS
email: elina.rasmane@bta.lv