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Jakarta Post

Insurers expects no significant rise in claims following massive flooding

  • Eisya A. Eloksari

    The Jakarta Post

Jakarta   /   Fri, January 3, 2020   /  09:52 am
The Jakarta Post Image
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)

Insurance 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 c...