Portugal's Insurance and Pension Funds Supervisory Authority (ASF) published a draft regulatory standard establishing the indices used to automatically update sums insured under home insurance policies covering property-related risks, unless the policy provides otherwise. The indices are intended to give consumers a reference value to help avoid insured amounts becoming outdated. For policies starting or renewing in the first quarter of 2026 (base 100: first quarter 1987), the indices are set at 573.28 for the Buildings Index, 358.07 for the Home Contents Index, and 487.19 for the combined Home Contents and Buildings Index. The annex also reports percentage changes versus the previous quarter and the same quarter a year earlier: Buildings Index +2.44% (vs fourth quarter 2025) and +3.81% (vs first quarter 2025), Home Contents Index +2.74% and +8.82%, and the combined index +2.53% and +5.24%. ASF also reiterates that policyholders remain responsible for ensuring appropriate insured values, including considering regional variations and changes to the insured property and contents.
Portuguese Insurance Regulator (ASF) 2025-10-15
Portugal's Insurance and Pension Funds Supervisory Authority sets home insurance indexation values for the first quarter of 2026
Portugal's Insurance and Pension Funds Supervisory Authority (ASF) released a draft regulatory standard for indices to update sums insured under home insurance policies. Effective for policies starting or renewing in Q1 2026, the indices are set at 573.28 for Buildings, 358.07 for Home Contents, and 487.19 for the combined index. ASF emphasizes policyholders' responsibility to ensure appropriate insured values, considering regional variations and changes to property and contents.