Earthquake Insurance

Earthquake Insurance for Home or Business

Your home or business is a commodity of immense financial and emotional importance, without which you cannot imagine your life. And yet, a few seconds are enough to literally shatter all your dreams and dramatically change your life.

We live in a highly earthquake-prone country, 6th in the world, where 2% of global earthquake energy is released and over 50% of Europe. In Greece, there are more than 150 active seismic faults, that have caused more than 500 earthquakes above 6 on the Richter scale.

Needless to say, the question is not whether there will ever be a major earthquake in Greece, but when. And because no one in the world can foresee it, the only thing we can really do to protect our most valuable property, is to insure it against any danger and especially from an earthquake.

In our country, thousands of properties have been hit by earthquakes and judged inappropriate. Even if your property is relatively new in construction, there is no guarantee that it will not be damaged, making it dangerous and unfit for future use.

The state will not compensate you if your building is seriously damaged, or collapsed. At best, it will guarantee that you will receive an interest-free loan to repair it, if it is repairable. If it is not, then one easily realizes that it is almost impossible to actually buy a home for the 2nd time !

Here comes the earthquake insurance, to fill this huge gap that exists, and will never be replenished by either the state, or anyone else. Can you imagine living the rest of your life in a tent or a caravan ? Decades have passed since the devastating earthquakes that our country has experienced, and there are still our fellow citizens living in containers !

Come to our office, where an experienced civil engineer will valuate for free, the real and constructive value of the property you want to insure, so that we can tailor it to the value of your insured risk and premiums. Contact us for details.