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
