Swiss homeowners to pay after severe earthquake
Published: Wednesday, Aug 21st 2024, 12:00
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According to the Federal Council, homeowners should pay a maximum contribution of 0.7% of the building insurance sum towards the damage caused by a severe earthquake in Switzerland. The federal government intends to draw up a dispatch on this by the end of 2024.
This would make around CHF 22 billion available to cover damage in the event of an earthquake, the Federal Council wrote on Wednesday.
The proposal to make landowners contribute to the costs of covering damage to buildings in the event of an earthquake was completely rejected by the SVP, the homeowners' association and the insurance association during the consultation process. A majority of the cantons as well as the building insurance companies, the Greens and the mountain regions took a completely different view.
However, the Federal Council intends to refrain from enshrining an additional federal competence for the protection of people and property in the event of an earthquake in the constitution, as it also announced. Several cantons had previously spoken out against a new federal competence for earthquake prevention.
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