Two departments: Increase the basic insurance amount and double the basic Insurance amount of catastrophe insurance. Insurance liability is expanded to include natural disasters such as typhoons, floods, heavy rains, mudslides, and landslides.
Each household can refer to the market value of the house and negotiate with the insurance company as needed to determine the insurance amount. The maximum amount shall not exceed 1 million yuan per household. The insurance company can provide commercial insurance for the portion above 1 million Yuan. The Party Central Committee and the State Council attach great importance to catastrophe insurance, says Xi.