Published on 21/10/2024 20:48
Reading time: 1min – video: 2min
Bad weather: spotlight on uninsurable areas in France
Bad weather: spotlight on France’s uninsurable areas
(France 2)
There are numerous risk areas in France. While the bill for disasters could exceed 140 billion euros by 2050, insurance premiums are expected to soar.
Didier Lucas, a resident of the Alpes-Maritimes, worried, is waiting for the insurers to come by. The heavy rains caused an entire wall of his house to collapse. Like many victims, he wonders what the amount of his compensation will be, and if he will still be covered in the future. “When it’s your house and the future is uncertain and you’re in for months of trouble, it’s a bit complicated.” he confides.
His region is one of the most affected by climatic hazards. Repeated floods, storms and droughts would push insurers to terminate contracts within 25 years. Users, too exposed, would have difficulty paying. According to ACPR figures, the Côtes-d’Armor department would be the most exposed. Seven out of 100 homes would no longer be insured in 2050.
This is already the case for the town of Sables d’Olonne (Vendée), which has been looking for an insurer for a year. “They want conditions that are unacceptable, with exorbitant prices“, notes Yannick Moreau, the mayor of the city. According to forecasts, in risk areas, claims would be two to five times more numerous by 2050. Insurance premiums increased by 130 to 200% over 30 years to cover losses.
Watch the full report in the video above.
