NATURAL DISASTER SCHEME COMPENSATION MECHANISM
*Generally covered perils:
- Floods and mudslides
- Landslides (including subsidence)
- Earthquakes and volcanic eruptions
- Tsunamis and marine submersions
- Cyclonic winds (> than 145km/hour average over 10 minutes or gusts of 215 km/hour)
Natural disaster coverage is compulsory in all property insurance policies. Almost all victims of natural disasters therefore benefit from the coverage.