In situations of storms or adverse meteorological phenomena we may find that our insurer does not cover the damage that our insured property (home, business, office...) may suffer as a result of these phenomena. This happens because there are generally certain thresholds that companies take as a reference to determine the coverage of the policy. Thus, as a general rule, for wind damage claims, insurers usually cover them when the winds exceed 84 km / hour. While in rain damage claims, the reference is that the rainfall exceeds the 40 liters per square meter to cover the damage.
To find out if the wind or rain have exceeded the established thresholds, the source to be consulted by insurers is the State Meteorological Agency (AEMET) where the days on which these thresholds have been exceeded are indicated.
What happens in case of extraordinary phenomena?
It is increasingly common for extraordinary weather phenomena to occur: storms, rain and wind storms, floods…. that cause numerous and considerable damages. In these cases, insurers do not cover the damage caused by these phenomena, but it is the Insurance Compensation Consortium Who covers the damage?
The Insurance Compensation Consortium covers losses caused by extraordinary events. In this sense, direct damage to goods and people, as well as the loss of profits as a result thereof, are considered to be losses. In the same way, the extraordinary risk insurance regulation considers the following to be extraordinary events:
- Natural phenomena: tidal waves, earthquakes, extraordinary floods, volcanic eruptions, cyclones, etc.
- Violent events due to terrorism, rebellion, popular unrest….
- Actions of the armed forces or security forces and bodies.