Such an increase had not been observed since 2007.
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Fire insurance: the amount of premiums will increase by more than 5% on January 1, 2022.
The amount of fire insurance premiums will increase by 5.6% on January 1, 2022, thus mirroring the increase in the Abex index, which rose from 858 to 906 between November 2020 and November 2021, according to L’Echo.
Such an increase had not been observed since 2007, when the amount of premiums had been indexed by 5.88%, details L’Echo. This Abex index, which is published according to the evolution of construction prices, which rose sharply in 2021 following material shortages, is “used by 98% of insurers to change the amount of the premium” , explains the president of Abex, Alain Coppe. In principle, indexation takes effect annually on January 1.
This index does not only allow the price of fire insurance premiums to be increased. It is also used to automatically index the intervention limits, in other words the extent of the cover, in particular for serious claims.
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