Purchasing Residential Earthquake Insurance to protect home property
2019-05-16
The FSC suggests that people take out Residential Earthquake Insurance to reduce property loss from earthquakes. The coverage of Basic Residential Earthquake Insurance mainly includes when the insured residence collapsed or is “total loss” which is assessed uninhabitable caused by fire, explosion, landslip, land subsidence, landslide, land splitting, river bank breach, tsunami, high tide, floods etc. resulting from an earthquake, the claim could be settled. At present, the maximum insured amount is NT$1.5 million, with the contingent living expense NT$200,000. The annual premium per household is NT$1,350. As of the end of March 2019, the ratio of having insurance coverage was around 34.77%.
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1139
Update：
2019-08-08