Storm damage claims could cost hundreds of millions of HUF

Weather

Jessica Fejos

Claims on damages resulting from a storm that flooded Budapest’s streets and hit the rest of the country on Tuesday evening could reach hundreds of millions of forints, with most damage being reported in the capital and in central Hungary, several insurance companies told Hungarian news agency MTI late yesterday.

(Photo: Jessica Fejos)

Insurer Generali’s preliminary estimates expect damage claims to reach HUF 300 mln, insurer Aegon expects to receive claims valued at almost HUF 100 mln, while Allianz said it could pay out more than HUF 60 mln.

Streets and buildings around Budapest were filled with water due to flooding caused by a huge hail storm late Tuesday. Power outages were widespread, and people in various locations were trapped and had to be rescued by firefighters, according to reports.

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