The earthquake which struck Kent in the early hours of Saturday morning could result in tens of millions of pounds worth of insurance claims, according to the Association of British Insurers.
The earthquake, which hit 4.3 on the Richter scale, caused structural damage to hundreds of buildings in the Folkestone area of Kent, with many homes currently uninhabitable. Damage was also caused to a number of vehicles.
Early estimates suggest that claims from the disaster could reach the “low tens of millions” with the majority of the losses stemming from the Folkestone region.
Earthquakes, like tornadoes and floods, fall under the category of natural disasters, and as such will be covered by standard insurance policies.
Six people were injured and a number of properties damaged when a freak tornado tore through a street in North London, in July 2006.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
