Severe earthquakes are rare in Switzerland. However, underestimating the risks could have dire consequences for homeowners.
Posted today at 5:30 am—
Exaggerated or Sensible Insurance? The underestimated risks are often the most dangerous financially.
Illustration: Christina Baeriswyl
I get approached by my insurance advisor about an earthquake insurance that he wants to sell to me. Do you find it really necessary to make such a policy? You can save yourself that with the few earthquakes that we have here. Reader question from FK
It is true that, unlike in Japan, Turkey, Italy or California, for example, we only very rarely have noticeable earthquakes. However, that does not mean that there are no earthquakes in our country. In any case, this is a widespread misconception in Switzerland that can have fatal consequences for homeowners. Scientific studies by ETH show that the earthquake risk in this country is higher than many suspect. The underestimated risks are often the most dangerous financially, which is easy to learn on the stock market.
