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Monday, September 26, 2022
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GreeceBusinessHome insurance coverage still low in Greece

Home insurance coverage still low in Greece

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Hellenic News of Americahttps://www.hellenicnews.com
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Greece lags behind in home insurance coverage, Minister of Climate Crisis & Civil Protection Christos Stylianides told the 7th annual Hellenic Entrepreneurs Association (EENE) Economic Forum on Wednesday.

Speaking of natural disasters, Stylianidis said that “insured homes total around 14.5% in Greece, 77% in Cyprus, and over 77% in West Europe. This means that what the Greek state reimburses after natural disasters is around 60-70% of property tax (ENFIA).” Instead, a way must be found for Greece “in a trilateral scheme that includes the state, in order to reduce insurance cost” to the owner.

SOURCE: AMNA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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