Typhoons - Tsunami - Earthquake - Volcanic Eruptions and Buildings Insurance



The experiences with typhoons worldwide are always the same: As more substantial the buildings got constructed, as lower the losses and the danger to life and limb.


Luckily we do not have much to do with typhoons here on Cebu. They mostly come from the eastern Pacific Ocean and almost always move in northwestern direction. When it comes to landfall, mostly the easternmost and northern islands are affected. Also regarding tsunamis we are in advantage because of the protected location. There are no volcanoes nearby and noticeable earthquakes are extremely rare.


Regarding natural disasters in the Philippines, there is a very informative map of OCHA, an UN organization that has created this map in cooperation with Munich Reinsurance. (See below) It shows the risk of such natural events in the Philippines, based on the 50-year data of Munich Re, the world's largest re-insurance company. In this respect, this chart also serves as a risk assessment for all kind of investors.


Alcoy is marked with a check mark and after a bit of getting used to it, you can find your way around with the information on the graphic quite well.


It shows impressively that the south of the island of Cebu is hardly affected by typhoons, tsunamis, volcanic eruptions or earthquakes.




Nearly all private houses up to 3 storeys here in the province are quasi "self-built", i.e. uncontrolled erected and it is mostly impossible to get a building insurance.


All buildings in the Ocean Palace Beach Club are of course insured from a large, international insurance company against all damage caused of Typhoons, earthquakes, tsunamis, volcanic eruptions, fire and theft!


Current Outlook Image From The Joint Typhoon Warning Center: