July and August in Latvia is a time of storms, when lightning strikes cause the greatest damage. According to statistics of BTA Baltic Insurance Company (hereinafter – BTA Baltic), the number of cases of damage caused by lightning has increased by about 30% in late June and early July of this year, compared to the corresponding period of the previous year, cases resulting in damaged buildings and a variety of electrical appliances in the amount of several thousand euros.
The things that suffer from lightning strikes most often are various electrical appliances – TV sets and decoders, computers, electric ovens and alarm systems of buildings, though, the greatest and financially most painful are damages caused by lightning to buildings, destroying their roofs and causing fires. This year as well, for example, in the evening of June 25, lightning struck the chimney of J.Čakste Liepāja Secondary School 10, resulting in partially collapsed chimney, with a subsequent fire, which burned roof timbers, and one of classed got badly damaged.
"Each year, during the hottest months of summer, we face situations where the property of clients is destroyed by lightning and strong wind accompanying thunderstorms. Damage can be a few dozen euros, when just one damaged electrical appliance needs to be fixed, up to as much as a few thousand euros, in the case of damage to an object such as gas boiler or roof of a building. Unfortunately, we have also come across lethal cases in our practice, when lightning strike has killed a man," says Iveta Rijniece, Director of Insurance Claims Handling Department of BTA Baltic Insurance Company.
What to do to protect yourself and your property from lightning damage?
BTA is one of the largest indemnity payers in Baltics. Last year BTA has disbursed an average of 398 thousand euros each business day in insurance indemnities in the Baltic States, which makes it 50 thousand euros every working hour.
AAS BTA Baltic Insurance Company was founded in 2014, after reorganisation of BTA Insurance Company SE, performing successful division of the company according to the geographical distribution of its business operations: Baltics and rest of Europe. BTA Insurance Company SE, being a mother company of AAS BTA Baltic Insurance Company, has been successfully operating on insurance market for more than 20 years, in 2009 becoming the third biggest insurer in Baltic States. The international growth of BTA is proven by the TOP 500 of Central European Companies issued by the international auditor company Deloitte for year 2013, where BTA ranks among 50 largest insurance companies in Central Europe.
In December 2015 AAS BTA Baltic Insurance Company concluded a contract about attraction of an investor – one of the leading insurers in Europe – Vienna Insurance Group AG (VIG). The deal shall be completed after receiving all the necessary permits from the authorities, supervising the operation of the industry, which might take place in the first six months of 2016.
Public Relations Department Director
BTA Baltic Insurance Company AAS
Phone: +371 67025676, mobile: +371 26756841