TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Insurers expects no significant rise in claims following massive flooding
The claim figure would depend on how many people expanded their insurance to cover flood risks.
Change Size
A search and rescue team uses a rubber boat to rescue flood victims at the Jati Bening
Permai housing complex in Bekasi on Jan. 1. Antara/Saptono (Antara/Saptono)
I
nsurance companies are expecting to see a moderate rise in property and vehicle insurance claims by next week following massive flooding in Greater Jakarta since Tuesday night.
Adira Insurance chief executive officer Julian Noor said most of the property claims would be filed by insurance policy holders a week after the initial disaster as they prioritized evacuating their families and belongings from their homes.
“There will definitely be a rise in insurance claims, but we still cannot predict how much as the flood is still happening,” he told The Jakarta Post over the phone on Thursday.
He added that the figure would depend on how many people expanded their insurance to cover flood risks as they were not included in most standard policies for both property and vehicle insurance.
The highest rainfall in over a decade, which started on New Year’s Eve, has caused massive flooding across Greater Jakarta, killing at least 26 people as of Thursday afternoon and forcing around 19,000 to flee their homes. Pictures and videos circulating the internet showed houses inundated and cars and motorcycles being swept away by heavy currents.
MNC Insurance executive director Sylvy Setiawan said the company had prepared a hotline and towing services for anyone who needed to move their cars and motorcycles to safety.
“We are expecting to receive many claims because the floods hit Greater Jakarta all at once,” she said, adding that MNC Insurance had evacuated five vehicles from flooded areas at the time of reporting.
