Floods, storms… Towards a new increase in home insurance prices in 2024?

The ax has fallen. This morning, Florence Lustman, the president of France Assureurs, spoke out in favor of a 6% increase in the natural disaster surcharge. At the microphone of RTL, the representative of the national federation of insurance companies noted “a trend towards the worsening of natural events, in terms of frequency and intensity”. This would result in “a consequence on the balance of the natural disaster regime, financially deficit since 2015”.

If an increase in the “natural disaster” surcharge included in the home insurance premium can only be decided by the State, the president of France Assureurs assures that “it will have to be increased”. Currently set at 12% of home insurance, this additional premium should be increased to 18% next year, specifies Florence Lustman. A minimal increase, according to her, compared to the extremely protection allowed by the French natural disaster regime: “for 25 euros per year, you are covered”. However, the increase will necessarily be felt on the home insurance bill.

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Storms Ciaran and Domigos caused nearly 1.3 billion euros in damage, a very significant amount, but not a record amount. As Florence Lustman points out, these two storms are fifth on the list of severity of damage. Note that the effect of wind is usually covered by home insurance. Unlike damage caused by flooding which requires the implementation of the natural disaster regime. In Nord-Pas-de-Calais, it is still too early to comment on the extent of the damage, according to the head of France Assureurs.