Rainy season: what insurance covers to protect homes and businesses in Colombia
Flooding in Montería, Córdoba Photo: Néstor Gómez - Portafolio
TL;DR
- Intensified rainy season in Colombia causes floods and structural damage, impacting thousands.
- Over 68,000 people have been affected, with Córdoba being a heavily impacted department.
- Most material damage insurance policies cover losses from heavy rains and floods.
- Home, business (SMEs), and agricultural insurance (parametric) typically include coverage for rain-related damages.
- Preventive measures and regular maintenance are crucial to reduce the severity of damages.
- The insurance market does not track losses solely due to rain, as they are grouped under broader categories.
- Experts advise reviewing policies and reinforcing preventive measures during the rainy season.