In the video: damage from a direct hit of a rocket at a house in Ashkelon/Avi Rokah
Hadi HaOzan noticed an unusual broadcast that is now running on TV and radio stations, calling on the public to purchase insurance from the Tax Authority: "The Tax Authority presents - special authority insurance to cover war damage for household items."
We will reassure those who think that property tax is starting to compete with insurance companies. this is not happening. But for the first time, a property tax comes out in a campaign to sell special insurance for the contents of the apartment, as a result of a missile strike, a fire caused by war, or any other damage, which repaired the insured with a ceiling higher than that stipulated by law.
This is the place to explain, to those who think that property tax pays to those whose homes were damaged in war or disaster, the full value of their damaged property, which the building will indeed be renovated and fully restored to its original condition, but for the contents you can only receive up to a ceiling of NIS 85,000, plus money for each child living at home
The premium you will pay is 0.3%, double the premium you will pay to an average insurance company for theft and fire. We emphasize that the insurance companies refuse to sell insurance for war damage or natural disaster and this is where the state comes in, through property tax.
The campaign ad. There was a debate as to whether to go on an advertising campaign that could cause unnecessary panic in the public/screenshot, system and voila!
This is the first time that the tax authority publishes the insurance, which has been in existence for several years, but has never received such publicity, therefore only a few people knew about its existence. Amir Dahan, director of the Compensation Fund at the Tax Authority, tells Walla that there was always a debate as to whether to launch such an advertising campaign as a routine, lest it cause unnecessary panic in the public. And now, during the war whose end is not yet in sight, it was decided that this is the most appropriate time to raise public awareness of its existence, without arousing unnecessary fear.
"The compensation fund is actually the state's insurance company," explains Dahan. "Private insurance companies do not insure against war or hostile action and this is where we come in. There is no need to pay a premium for damage to the structure, basic contents and vehicle. There is a table of products, which includes clothing, household items and other items, which is covered by the state up to 85 thousand NIS, when there is an additional NIS 9,000 for a child and about NIS 10,000 for an elderly relative living at home.
"In past events, except for the Carmel fire, which burned private homes, this amount covers the contents, which does not include air conditioners, kitchen and closets, which are considered part of the building. This was the case in the Gulf War and the operations in Gaza, in which only parts of the buildings were damaged. In the current incident, where many houses were burned to the ground, the residents claim that the damage to the contents is much higher, so we decided that this is the right time to inform the citizens about the contents insurance that we provide, which can reach up to a ceiling of NIS 980,000.
"Over the years, there have been several dozen citizens who have used this insurance," adds Dahan, "and today we already have about 1,000 insured people who have increased their compensation ceiling. The public should be aware of this option, without panicking of course, and in order to be covered when needed, which we hope not Come."
The procedure is simple and can be carried out on the Tax Authority's website, and expands the amount of compensation that the citizen receives from the state. Let's say you are a couple without children, who wish to increase the compensation ceiling you will receive by NIS 50,000, in addition to the NIS 85,000 you will receive from the state in case of damage to the contents of your home. The premium you will pay will be 0.3% of the additional value, that is, you will pay another NIS 150 per year. For an addition of 200,000 shekels to the ceiling, you will already pay 600 shekels per year, a considerable sum at all.
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Damage to a house in Shlomi after a rocket fell. "There is no insurance company in Israel that covers war damage and to the best of my knowledge not in the world either"/documentation on social networks according to Article 27 A of the Copyright Law
Lior Rosenfeld, the former president of the Chamber of Insurance Agents, believes that the state should compensate the citizens whose homes were damaged in the war in full, not take them into account and certainly not charge them such a high premium, but he has reservations about the comparison between the insurance companies' premium and the one offered by the property tax.
"It is not possible to compare the rate requested by the property tax compensation fund to the rate of the private insurance companies, because the companies do not cover war damage and therefore do not price the risk accordingly. There is no insurance company in Israel that covers war damage, and to the best of my knowledge not in the world either. In the situation that has arisen, I I don't see any reinsurer
that
would want to enter Israel, certainly not after October 7th with such coverage.
The burden of the financial difference is on the citizens. If they want to receive full compensation, they have to open their wallets again."
The Tax Authority rejects Rosenfeld's words. "The ceilings fixed in the regulations and updated twice a year, provide an adequate response to the average household contents of a family. This is evident from the extensive past experience accumulated in the compensation fund in dealing with war damages. Those who wish to increase the compensation ceiling can insure the contents of the house through the 'authority insurance' offered by us."
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