Farmers and horticulturists who have environmental damage insurance (MSV) with ASR and an asbestos roof must have drawn up a remediation plan by 2020 at the latest. If they do not, damage caused by asbestos is no longer insured. That reports AMweb.
The insurer states that all asbestos must be removed from the insured objects within the next 3 years. That is earlier than the law prescribes. In addition, the premium of the insurance also goes up a few times. ASR writes that it is confronted with an increase in the cost of claims. This increase is expected to continue in the future. "In addition, extra costs are incurred when dealing with damage caused by asbestos."
Substantial premium surcharge
Reason for the insurer to charge a substantial premium surcharge for asbestos. The insurer cannot say how much 'substantial' is. That depends, among other things, on the amount of asbestos on the site. It can be concluded from a letter to advisers that the premium for some farmers will be 12 times higher in the coming years.
For an amount up to 200 square meters a surcharge of €250 per year applies, up to 1.000 square meters it is €1.250 and up to 2.000 square meters customers pay €1.500. For a larger asbestos surface, ASR makes a customized premium calculation.
Additional requirements
In addition to a higher premium, ASR sets additional requirements for the continuation of the MSV. No later than 1 year after the next expiry date, per 2019 or 2020, an asbestos inventory must have been carried out and a remediation plan signed by the customer must be submitted. This asbestos remediation plan has a duration of 3 years.
The asbestos coverage of the MSV will expire after that time, so as of 2022 or 2023. That is 1 to 2 years earlier than that required by the government. Asbestos roofs will be banned in 2024. As soon as customers have remediated their asbestos, the premium surcharge will lapse. ASR immediately asks new customers for an asbestos remediation plan.
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