The Slovenia Insurance Supervision Agency published consumer guidance warning that households may be less protected against natural disasters than they assume. Continuing its focus on natural-catastrophe insurance gaps, the agency urged property owners to check the precise risks covered, policy limits and replacement values rather than relying on headline insured amounts or assuming a building-wide policy provides complete protection. The guidance stresses that flood coverage is distinct from cover for water escaping from pipes, while flood, stormwater and earthquake risks may require additional cover and carry lower sublimits. In apartment buildings, a policy arranged by the building manager may cover only the structure, potentially at outdated values, and generally excludes possessions within individual units. Owners should also review whether rising construction costs have left coverage inadequate and consider preventive measures that can reduce damage. The agency will continue monitoring natural-disaster coverage, assessing whether policy terms are understandable and contributing to systemic solutions. It framed closing the protection gap as a shared responsibility among owners, insurers and the state.
2026-08-26Slovenia Insurance Supervision Agency
Slovenia Insurance Supervision Agency urges policyholders to verify natural disaster coverage and limits
The Slovenia Insurance Supervision Agency has urged property owners to check the scope and limits of their natural disaster insurance, particularly for floods, stormwater and earthquakes. It warned that overall insured amounts and shared-building policies may mask narrower or insufficient coverage for specific risks. The agency will continue monitoring coverage and the clarity of policy terms.