The FSC calls on people to take out Residential Earthquake Fundamental Insurance (REFI) to reduce earthquake losses
2018-02-20
he FSC recommends that people buy REFI to reduce property losses in the event of an earthquake. This insurance policy provides basic earthquake protection for residences for “total loss” that comes from the insured residence collapsing or becoming uninhabitable due to earthquake or landslide, subsidence, landslip, crack, breach, tsunami, high tide and flood caused by earthquake. The maximum insured amount at present is NT$1.5 million, together with temporary accommodation allowance of NT$200,000. The premium is NT$1,350 annually per household. As of the end of January 2018, around 2.9 million households had purchased REFI coverage, giving an insured rate of 33.73%.
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Update：
2018-05-08