All news

Insurance claims of storm victims have almost reached 4 million euro

14 Aug 2024
All news

Insurance claims of storm victims have almost reached 4 million euro

14 Aug 2024

When two devastating storms swept through central Latvia two weeks apart in July, insurance joint-stock company BTA Baltic Insurance Company AAS (BTA) has already paid or is yet to pay almost 4 million euro in compensations to storm victims. Moreover, insurer is committed to also help those victims of the natural disaster that did not insure their property against the risk of rainfall before the 29th of July.

As a result of both storms BTA received more than a thousand insurance claims from its clients, and upon careful consideration of the concluded insurance contract provisions BTA is currently disbursing compensations to the victims of the natural disaster. The volume of disbursed insurance indemnities has almost reached one million euro for the damage caused by the storm that swept across Bauska region in the second week of July. Farmers have received more than half of this sum for damaged crops.

Losses incurred by BTA clients that became victims of the cyclone “Kirsty” have almost reached three million euro. Compensations to be disbursed for the destroyed ploughland exceed 1.5 million euro and farmers are receiving the indemnity envisaged by the insurance contract from BTA, even notwithstanding the fact that the largest amount of the ploughland had already ripened for threshing. Most insurers do not disburse any compensations for crops, if prior to a storm it ripened for threshing. Over one million euro was allocated to avert the damage to real estate, and over 250 thousand euro – for repair of cars damaged by the natural disaster or replacement thereof with other vehicles.

Considering significant amounts of the destruction caused by the heavy rainfall BTA made a decision to offer further assistance to storm victims.

“In regard to unforeseen damage caused by the storm “Kirsty” on the 29th of July and the large number of damaged properties, we have decided to provide support to those property insurance clients of BTA, who had not insured the rainfall risk. This being the case we will cover the losses, incurred by insured property owners in the flooded areas, as well as partially compensate losses, which occurred due to rainfall entering premises” – informed BTA Insurance Claims Department director Kārlis Liepiņš, and encouraged current and future clients to carefully consider the risks covered by the property insurance policy. Owing to the effects of climate changes over the past years storms and heavy rainfall caused some serious trouble to countless Latvian households, therefore, one must pay special attention to insurance against theses natural disasters.

 


{{coveredPopup.title}}

{{coveredPopup.description}}

{{item.badge}}
{{item.title}}
{{formattedPrice(item.price)}}
{{item.title}}
{{sparsePrice(price, true)}} €
{{coveredPopup.title}}

{{coveredPopup.descriptionCasco}}

{{coveredPopup.descriptionMtpl}}

Deductible CASCO
insurance_option_subtitle
{{transform.translate(insuranceOptionsValue)}}
Insured risks

We at BTA, indemnify traffic damage caused by the party who has taken out motor insurance and the cost of medical treatment for third parties (owners of other vehicles, cyclists, pedestrians) and damage to property of third parties.

{{coveredInfoTextMtplWithRoadAssistance}}

{{coveredPopup.title}}

{{coveredPopup.description}}

{{translation('one_property_covered_deductible')}} {{coveredPopup.deductible}} €
{{translation('one_property_covered_risks')}}
{{localized(value.tooltipDescription)}}
{{coveredPopup.coveredContent.title}}

{{coveredPopup.coveredContent.description}}

{{item.title}}
{{coveredPopup.formattedPrice(item.price)}} €/pers.
{{localized(risk.title)}}
{{coveredPopup.sparsePrice(price, true)}} €

Let us remind you

{{productReminderMessage}} {{productReminderDate}}.

I agree to receive special offers and information
Your session will end in:

{{sessionTimeout.formattedTime}}

popup_year_of_driver_license
btar_popup_vehicle_data
{{ fieldsPopupHeading }}
{{ cmsFields.youngestDriver.label }}
btar_age_not_in_range
no_youngest_driver_age_error_message
{{ cmsFields.drivingExperience.label }}
no_driving_experience_error_message
{{ cmsFields.territory.label }}
Please specify territory
{{ cmsFields.drivingExperienceLessThanThreeYears.label }}
Please specify driving experience
{{popup.textTitle}}
Please wait!

We need few seconds to calculate best prices for you, you don’t even have time to read this message :)

{{ transform.translate('upgrade_offer', 'nba') }}
{{ popupService.current.data.nba.heading }}
{{ transform.translate('btar_one_dashboard_due', 'dashboard') + ' ' + popupService.current.data.due_date }}
Cookie
Cookies
Cookies Settings
Cookies settings
This website uses cookies that are strictly necessary for this website to work.
With your consent, this website may additionally use statistical and marketing cookies.

If you accept all cookies, please click "Allow".
If you wish to refuse cookies, please click "I don't agree". You can manage your preferences by clicking "Customize preferences".

For more information, please see our
Cookie Policy
For more information, see our
Cookie Policy

Functionality (necessary) cookies

These cookies are necessary for the operation of the website and cannot be disabled. These cookies can be divided into session cookies and persistent cookies, which do not store personally identifiable information. Session cookies are deleted as soon as you leave this site.


Statistics cookies

These cookies are used to measure the use of the website and traffic sources to obtain information required to improve the website’s performance. These cookies help us to determine – which sections of the website are the most popular and learn about our users' browsing habits. For this purpose, we use the Google Analytics statistics engine. All information collected is anonymous and cannot be used to identify you.


Marketing cookies

These third-party cookies are used to display personalized ads according to your preferences. We use cookies to help us collect information about your usage habits on this website and to allow us learn of your interests so that we could show you only ads that are relevant to your usage habits. In case you prefer us not to show you any ads, leave this menu check-box blank.