Frequently Asked Questions

FIXING THE COMPENSATION (only applicable if your insurer is a member of TRIP)

Can my insurance company pay out less compensation than the mandatory percentage?

No.

However, there is one specific exception to this rule: in the case of insurance policies relating to damage caused to real estate and/or its contents, or to injury/damage subsequent to damage caused to real estate and/or its contents, the amount of compensation is limited to €75 million. This limitation applies per policyholder, per site insured and per year, whatever the number of insurance policies.
However, this exception does not apply to buildings intended for housing purposes.  In this case, the insurer must pay the percentage of compensation in full.

Go back to the Questions

ASBL/VZW TRIP - Terrorism Reinsurance & Insurance Pool - de Meeûssquare / Square de Meeûs, 29 - 1000 Brussels - Belgium Privacy Notice TRIP - March 2020