Storm’s trail of destruction could cost millions

Insurances expecting significant claims

The trail of destruction of Sunday’s storm is likely to cost several millions of euros, according to insurance industry sources.

Insurance companies were on Monday inundated with calls and requests for information about the coverage of their policies and how their damage could be recouped.

Read: ‘Worst storm since 1982’ saw record gusts of 133km/h – Muscat

Malta Insurance Association director general Adrian Galea told Times of Malta when contacted that it was still far too early to estimate or predict the value of the claims.

“The insurance industry is expecting a significant number of claims for damages to be lodged by all those who suffered some kind of damage to their property, business, vehicles and/or boats but it is too early to predict the value,” he said.

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As reported on The Times of Malta on Tuesday 26, February by Mr Matthew Xuereb

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