Spectator on facebook

Spectator on facebook

FOCUS SHORT

No insurance for repeat landslides

TORRENTIAL rains have caused landslides in several areas of Slovakia and driven people from their homes. Some of the affected houses were later restored but many others had to be demolished. While most people can purchase insurance to cover this risk, along with damage caused by other natural disasters, it is difficult for those living in areas repeatedly suffering from landslides to buy insurance cover, the TASR newswire wrote in March.

A devastating landslide in eastern Slovakia(Source: T. Somogyi)

TORRENTIAL rains have caused landslides in several areas of Slovakia and driven people from their homes. Some of the affected houses were later restored but many others had to be demolished. While most people can purchase insurance to cover this risk, along with damage caused by other natural disasters, it is difficult for those living in areas repeatedly suffering from landslides to buy insurance cover, the TASR newswire wrote in March.

“Insurance companies used to “pack” individual risks into groups and then it would be up to the clients to choose which package of risks they wanted to insure against and whether or not landslides were covered,” stated Jozefína Žáková, the general director of the Slovak Insurance Association (SLASPO), as quoted by TASR, adding that it is not common to underwrite insurance only against landslides.

Žáková told TASR that the risk of a landslide, compared to other natural disasters, is quite specific, adding that the basic premise of insurance is that it only covers accidental or unexpected risks. She said that once an area of land begins to move, this process tends to become continuous and irreversible and that after the first landslide it is impossible to consider further landslides as accidents and that is why insurance companies usually offer insurance against landslides only for the first occurrence.

Top stories

Carmakers in Slovakia produced more than one million cars last year

2018 will be critical for Slovakia’s automotive industry, claim sector’s representatives.

Most cars produced in Slovakia head for export.

Slovaks in the UK do not have to fear Brexit

Brexit itself should not impact the position of Slovaks in the UK, an interim agreement between the European Union and Great Britain suggests.

Brexit, illustrative stock photo

Russians win the Tatry Ice Master 2018 Video

Ice-sculptors worked with a massive 50 tonnes of ice on the weekend of January 12-14; their sculptures remain on display.

The ice scupltures at Hrebienok, Tatry Ice Masters

The Bratislava airport has competition in Vienna

The airport in Vienna, only about 60 kilometres from the Slovak capital, gains 17 new low-cost airliner flights.

Illustrative stock photo