Four in five homes in Romania are uninsured despite law making it mandatory

Only 1.8 million (19%) out of the nearly 9.6 million homes in Romania were insured in case of natural disaster at the end of 2021, despite a law making home insurance mandatory it since 2009.   A major earthquake or flood would, therefore, find 81% of homeowners exposed and liable for any damages, according to data collected by Romania’s Financial Supervisory Authority (ASF) and cited ...

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