Storm Harry’s Impact: Insurance Claims Still Unclear
The Insurance Association of Malta (IAM) has stated that it is premature to assess the insurance claims resulting from Storm Harry, which struck the Maltese Islands earlier this week. IAM Director General Adrian Galea emphasized that evaluating storm-related losses typically requires time and is influenced by specific policy terms and risk factors. As the aftermath of the storm unfolds, the extent of damage and claims remains uncertain.
Assessing the Damage from Storm Harry
Storm Harry wreaked havoc across Malta from Monday to early Wednesday, prompting a significant response from the country’s Disciplined Forces. The storm brought strong winds and rough seas, leading to nearly 700 incidents reported by various emergency services. The Civil Protection Department (CPD) alone managed 502 cases, which included fallen trees, unstable billboards, and electrical hazards. The Police Force responded to 86 incidents, assisting individuals trapped in vehicles and addressing hazards caused by the storm.
In the wake of the storm, Minister for Home Affairs, Byron Camilleri, expressed gratitude to all personnel involved in the emergency response. He also extended solidarity to families and businesses affected by the severe weather. On Wednesday, government officials convened to discuss the storm’s aftermath, prioritizing the removal of hazards and initiating nationwide clean-up operations. The government plans to assess the damage and provide support through existing assistance schemes once the immediate response phase is completed.
Insurance Claims Process and Considerations
Adrian Galea of the IAM noted that it is too early to draw conclusions about the volume of insurance claims stemming from Storm Harry. He pointed out that past storms, such as the strong winds experienced in February 2023, did not result in extraordinary claims despite their severity. Galea explained that damage from strong winds, heavy rainfall, and flooding is typically covered under both residential and commercial insurance policies. However, specific exclusions or excesses may apply based on individual policy terms and the property’s location.
Policyholders are advised to follow standard claims procedures, which include documenting losses with photographs and videos and notifying their insurance companies promptly. Galea highlighted that the claims process can be lengthy, making it difficult to determine the extent of damage and claims at this stage. He also clarified that the term “Act of God” is largely outdated in modern insurance policies, which now focus on specific perils covered.
As the situation develops, the IAM continues to monitor the impact of Storm Harry, urging policyholders to remain patient while assessments are conducted. The government and insurance providers are working together to ensure that those affected receive the necessary support in the aftermath of this severe weather event.
