5.8 Principles of Social Justice
As a result of the WN public-private partnership. a variety of natural disasters that threaten Belgium are
insurable. The system is based on social solidarity as all holders of fire insurance are part of the risk
community. Coverage is therefore almost universal and compensation is paid in full with the exception
of a fixed deductible that is set by the state. Many insurance policies will, however, only payout if the
event is declared a natural disaster by the government of the day (BERLARE, 2013). There is,
therefore, a level of uncertainty for individual incidents at the household level. Low income households
without fire insurance would be dependent on ad hoc ex post compensation which may or may not be
forthcoming for small floods if local politicians are not willing or able to successfully lobby for it.
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