* 5.54% of households have mandatory insurance policies concluded
Up until recently, home insurance wasn"t exactly a hit with Romanians. This is proven by the fact that 6 out of the 8.3 million homes were not insured over the last 20 years, according to Marius Bulugea, the managing director of "Pool for Insurance Against Natural Calamities"(PAID).
The state is now trying to change this statistic, by making home insurance mandatory by law.
However, not too many people rushed to comply with the law, by the initial deadline submitted by the authorities, (January 15th, 2011). It is true however, that true to habits, Romanians rushed at the last minute to conclude mandatory insurance policies, in the months of November and December 2010.
Nevertheless, until now, only 5.54% of homes (460 thousand) have concluded their mandatory insurance policy. The remaining ones have until July 15th, 2011.
"The population construed the amendment of the deadline to mean that the law was no longer mandatory", said Marius Bulugea. He hopes that by July, the ratio would reach 10%.
* 25% of the total number of mandatory insurance policies were concluded in Bucharest
Even though Bucharest is home to 9.17% of the country"s population, (according to data of July 1st, 2008 of the National Statistics Institute, it accounts for 25% of the total number of insurance policies concluded so far. The city of Iaşi, which is the second largest city in the country in terms of the number of inhabitants, only accounts for 0.3% of the number of subscribed premiums, even though it is home to 1.49% of Romania"s population.
The figures provided by the head of PAID show that 77.7% of the insured live in cities. Most of the policies concluded (84.2%) were for A-type homes, while the difference is made up of policies for B type homes.
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