The most affected counties were Bacau, Suceava and Covasna. The company said the largest number of damage claim files were for houses affected by floods in rural areas (61%), followed by houses in urban areas (35%). Homes in apartment buildings accounted for 3% of homes affected by floods in urban areas and 1% in rural areas.
At the end of August, there were 1.68 million mandatory home insurance policies, 2.01% more than in the same period last year. Of these, 75.66% were in urban areas and 24.34% in rural areas.
The biggest mandatory home insurance rate is in Bucharest (38.5%), Ilfov county (35.46%), followed by counties Brasov (34.16%), Timis (28.56%) and Sibiu (23.34%), and the lowest insurance rates are in counties Olt (7.81%), Vaslui (7.83%) and Gorj (8,52%).
PAID was set up in September 2009 and issued the first mandatory home issuance policies in July 2010. It issues mandatory home insurance policies policies covering earthquake, flooding and landslide damage.