KATHMANDU, Nov 8: Insurance companies have received claims worth Rs 3.78 billion for damage caused by floods and landslides triggered by heavy rainfall across the country.
The incessant rains from October 1 to 3 caused loss of life and property. According to the Nepal Insurance Authority, a total of 434 insurance claim applications have been received.
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The claims include 382 related to assets, 92 concerning engineering and contractor risk, 209 for agriculture and crop damage, 37 for private motor insurance, 10 for public motor insurance, and three for marine-related insurance coverage.
Insurance claims have been received from 37 districts for compensation for the damage incurred. The highest number of claims—197—has been filed in Sunsari. Similarly, 60 claims have been received in Ilam, 80 in Kathmandu, 90 in Morang, 20 in Jhapa, 71 in Parsa, and 28 in Rautahat.
According to the authority, insurance claims worth Rs 23.23 billion were filed for the damage caused by the Gen-Z protests on September 8 and 9. Similarly, claims worth Rs 985.9 million were filed for the damage caused by floods and landslides during the previous monsoon.
With the surge in losses caused by natural hazards, the number of insurance claims filed with insurance companies has also increased significantly.
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