How much does earthquake insurance cost?
The price of earthquake insurance depends on the building, location, sum insured and terms. There is no single price per square metre for every home. Request a quote showing cover, exclusions and the share of a claim you pay.
What drives the cost of earthquake cover?
The insurer considers details such as location, construction year and method, use, sum insured and deductible. Each factor's effect on price varies by programme.
For comparison, request quotes with identical limits and cover. A lower price may have a larger deductible or different exclusions.
Keep the quote and full terms. Check the annual cost, your share of a claim and whether the building and its contents are covered separately.
What does the 2% earthquake deductible mean?
Check whether the deductible is a fixed amount or percentage and what it is calculated on. Example: if the terms specify 2% of a €150,000 sum insured, the deductible is €3,000. The 2% is an example assumption, not a rule for every policy.
How does it connect to the ENFIA discount?
The ENFIA reduction requires earthquake, fire and flood cover together, plus AADE's other conditions. The tax benefit varies by home. See the guide and the official instructions for the relevant year.
Underinsurance: when the amount is below the value
Where an average clause applies, a lower sum insured may reduce even a partial claim. Check how value is defined and whether the rule is waived, for example for first-loss cover.
Frequently asked questions
Is earthquake insurance worth it in a new building?
A newer building can also suffer earthquake damage. Risk and insurance cost depend on the building's characteristics and the insurer's terms.
Are contents covered against earthquake?
Only if contents are explicitly insured with earthquake cover — building cover does not include them automatically. Check your policy's coverage schedule.
Does the cover apply immediately after purchase?
Generally yes, from the policy start date — but some plans apply a short waiting period to the earthquake peril. Confirm it in the terms before relying on the cover.
How much is earthquake insurance for a 100 m² apartment?
Floor area alone is not enough to calculate a price. Location, construction, sum insured, deductible and cover all matter. Request a written quote using those details.
Can I insure only against earthquake, without fire?
Usually not. Earthquake is offered as an optional extension on a home policy whose base peril is fire, rather than as a standalone product. For the ENFIA discount all three perils are needed together in any case.