Floods in the Alpes-Maritimes: 14,000 claims expected for an estimated cost of EUR 210 million
Following the deadly and devastating floods that plunged the Alpes-Maritimes department into mourning, insurers and CCR made a first estimate of claims in terms of number and cost.
A total of 14,000 claims are expected to be filed for a cost of insured losses that is expected to reach €210 million. Insurers and CCR are committed to handling these claims as quickly as possible.
To date, the sector has already recorded 8,250 claims. The estimated final cost of €210 million is split between damage to homes (72%), professional and agricultural property (25%) and cars (3%). It does not include losses to public infrastructure that are not insured.
These estimates may be reassessed in the coming days once all the affected areas have been made accessible and all claims have been reported.
In this respect, insurers have extended the legal deadline for reporting claims, so that victims can report their losses until 15 November.
In addition, Storm Alex, which caused the flooding, had previously caused significant damage in Brittany and on the Atlantic coast, mainly due to the wind. To date, insurers have recorded 39,040 claims. The amount of insured losses is expected to reach €78 million.