Heat to be expected on the price of home insurance, News / Daily News

The recurrence of drought episodes will have the effect of exploding the price of home insurance in the coming years, warns France Assureurs, which anticipates a tripling of the costs of claims related to climate change by 2050.

While these claims have gone from € 1 billion in the 1980s to € 3 billion in the 2000s, and almost € 4 billion in the last five years, the recurrence of drought episodes, which are costly to renovate. housing, promises to continue to inflate premiums.

According to the Prudential Control and Resolution Authority, the increase is expected to be between 113 and 200% in the next twenty years. Not to mention that if these claims become too frequent, insurance companies could even refuse to insure these risks, as they will be more “random” naked.

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