FIRE INSURANCE FOR INDIVIDUALS UNDER THE ASSOCIATION HAS A HIGH PE...

28. Fire insurance for individuals under the Association has a high penetration. In 2010, 96.4 per cent of

households had contents insurance, and 58.5 per cent of households have a home insurance. The lower penetration

of property insurance can be explained by rental houses mostly in the business market or via an association of

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owners where they are insured. The home insurance is otherwise made obligatory by the mortgage.