Swedbank registered over 700 insured events after storm winds in Baltics

  • 2023-08-15
  • BNS/TBT Staff

TALLINN – Swedbank P&C Insurance has so far registered more than 700 insured events throughout the Baltics related to the storm at the beginning of this month. 

Most of the claims were filed by home insurance policyholders, but numerous vehicles were affected as well. The worst damage was caused by wind and hail that accompanied the storm, Swedbank said.

Lithuania was hardest hit by the strong winds, with initial claims in home insurance totaling 340,000 euros, and some 130,000 euros in vehicle insurance.

Estonia, on the other hand, was least affected of the three countries. The worst-hit region in Estonia was the island of Saaremaa. The initial amount of damage to buildings and vehicle damage registered across Estonia is approximately 70,000 euros. The total amount is likely to increase once the extent of the damage and the amount required for repairs have been definitively established.