Fire insurance to become compulsory in Belgium

24th March 2010, Comments 0 comments

Soon anyone that owns or rents a domestic property in Belgium will be obliged by law to take out fire insurance.

A central compensation fund will also be set up for damage caused to the property or person of third parties where those liable are not insured.
The Federal Cabinet has approved a bill on the issue that will be put before parliament, which will be financed by a levy on fire and personal liability insurance.

At present, 95% of home-owners and 89% of tenants have fire insurance.

However, there is currently no legal obligation to insure your home against fire.

Since January’s gas explosion in a Liège apartment block, there has been increasing call for domestic fire insurance to be made compulsory.

14 people died as a result of the explosion.

The owner of the building that was destroyed and several of his tenants didn’t have fire insurance.

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