The cost to insurance firms from last week’s floods in Luxembourg is estimated to be between 5 and 10 million euros, Luxembourg’s association for insurance firms, ACA, has said.
A state of emergency was imposed in the country after torrential downpours on July 22 caused major floods in the east and centre of Luxembourg, prompting over 300 emergency call outs.
Most of the calls concerned flooded basements and roads, while in one instance a car was reportedly carried away by waters in Ermsdorf.
“According to our first preliminary estimate, ACA considers that interventions relevant to insurers will amount to somewhere in the range of between 5 and 10 million euros,” the association wrote in a press release.
It went on to urge all those affected by the floods who had not yet made a compensation claim to do so.
Meanwhile, the Luxembourg government has earmarked 30 million euros for the damages caused by last week’s flooding to disaster victims.
The government said in future it would create a solidarity fund in the event such incidents occur again.