Tuesday, March 2, 2010

Chile: only 6% of chilenian owners have hearthquake insurance."BBC Mundo"

El terremoto en Chile crea incertidumbre bursátilThe earthquake in Chile stock market creates uncertainty
1.5 million houses damagedDamnificados chilenos hacen fila para recibir agua en las afueras de Hualpen

Buildings that according to the Insurance Association of Chile only 6% have earthquake insurance, as to grant a mortgage in that country banks require only that the owner purchased an insurance policy against fire.

The association estimates the cost of compensation could reach U.S. $ 2,600 million, by reference to the damage that occurred in the 1985 earthquake.

But 25 years ago Chile had a population of just over 11 million people. Today there are over 15 million, according to the latest census conducted in 2002.

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