Your fire insurance will cost you more from next January

Your fire insurance will increase by more than 10% from January. The cost of materials, but also the increase in natural disasters, increases the bill.

From next January, the fire insurance premium will be indexed. Last year, an increase of 5% was previously used. In 2023, the increase will be 10.8%. This is the highest increase on record. And it is not without consequences: More and more people find it difficult to pay their insurance.

“The statement of monthly outstanding payments increases from month to month, from year to year. It is more and more difficult. We have to manage it day by day and be able to have a dialogue with the customers to try that they is, when even on deck, even if they have financial difficulties”, says Philippe Denoël, insurance broker.

Specifically, if you currently pay an annual premium of €600 to insure your house, you will have to pay an additional €66 every month from 2023. “Unfortunately, with the economic situation, these things will happen. People may have to make sacrifices in their insurance contract and reduce or eliminate certain coverages”, p.repeats Philippe Denoel.

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