More building damage in 2020
In 2020, the Canton of Zurich Buildings Insurance received more reports of fire damage and natural hazards.
In the 2020 financial year, Gebäudeversicherung Kanton Zürich reported an estimated total loss amount of 57.6 million Swiss francs. In the previous year, the total damage sum amounted to 37.3 million francs. The additional 20.3 million Swiss francs are mainly attributable to the two storms "Petra" and "Sabine" that hit in the spring of 2020. Both fire damage and natural hazards increased dramatically again in 2020.
Last year, Zurich Building Insurance processed a total of 10,473 claims. In the previous year, the figure was 2838, with 1235 fire claims and 9,238 natural hazards claims. According to the GVZ, the total estimated fire damage amounts to 40.3 million Swiss francs, while natural hazards amount to a hefty 17.3 million Swiss francs. In the previous year, natural hazards accounted for six million francs. Fire damage amounted to 31.3 million francs in the previous year.
The loss figures are shown on the Website of the GVZ Gebäudeversicherung Kanton Zürich. The figures are provisional. GVZ will publish the definitive business figures for 2020 at the end of April 2021.
Source: GVZ
