Analysts from VSK Insurance House concluded that emergencies in apartment buildings at the close of 2023 accounted for 63 percent of all insured events tied to Russian real estate, a finding summarized by socialbites.ca as they reviewed the study results.
Flooding was the leading cause of apartment insurance claims among Russians in 2023, representing nearly 78 percent of reported incidents. Fires followed in second place, making up about 5 percent of insured events, while natural disasters ranked third at around 2 percent.
Water damage in 45 percent of cases stemmed from flooding by neighbors. Issues with heating and water supply systems were responsible for another 40 percent of emergencies. The average compensation for apartment flooding stood at 44 thousand rubles, while fire damage averaged 169 thousand rubles in compensation claims.
Nearly all compensation applications for natural disasters in 2023 came from residents of Udmurtia affected by hurricanes and hail in July, though their overall impact remained limited, with an average payout of 69 thousand rubles.
Most apartment-building incidents were recorded in January, accounting for 82 percent, while frost-related damage was rare, not exceeding 1 percent. The typical payment due to freezing and bursting pipes was 69 thousand rubles.
Third-party liability insurance accounts for at least 11 percent of insured events, covering situations where a neighbor is at fault and the injured party is not the insured. In addition, in 67 percent of cases the claim involves male responsible parties, with the average payout to victims running at 81 thousand rubles.
The five regions with the highest number of apartment-related cases, excluding Moscow and the Moscow region, were visited by the study as follows: St. Petersburg and Bashkiria at 5.6 percent, Primorsky Territory at 4.2 percent, Tyumen region at 3 percent, Rostov region at 2.9 percent, and Udmurtia at 2.8 percent.
Earlier reports mention a serious service outage in Novosibirsk, highlighting broader concerns about regional responsiveness in the sector.