After energy and fuel prices, fire insurance premiums are also rising. There are two reasons for this: the more expensive building materials and the increase in natural disasters.
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The fire insurance is linked to the Abex index. This follows the evolution of the costs of building a house and is calculated on the basis of construction worker wages and material prices. These have become considerably more expensive due to the corona crisis and the war in Ukraine. This is reflected in the index: in the last calculation it rose by almost 9 percent compared to the same period last year.
Do you have to pay 9 percent more from now on? ‘Normally the premiums rise less strongly than the index,’ says Peter Wiels of insurance umbrella organization Assuralia. ‘So your premium will be more expensive, but not 9 percent. How much depends on what’s still in the housing policy.’
On top of the increased Abex index comes the fact that some insurers have increased their rates. ‘That has to do with the natural disasters of recent years,’ says Wiels. “Many more claims were filed. Insurers must balance the balance. After all, they remain commercial entrepreneurs.’
The Abex index is expected to rise again on the next calculation.
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