Elemental Insurance

Often only insufficient protection by the flood disaster in Germany several billion euros are needed for the home to repair the flood damage. Federal and State Governments will help the affected part. The question remains whether elementary compulsory insurance for all buildings would be a solution or only the flood would jeopardise. Certainly, it sounds interesting if all the houses in Germany were insured against flooding. Currently, it seems that homeowners can voluntarily decide whether they a homeowners insurance want to complete, in addition to the normal risks”how comes storm, fire or water for the so-called elemental damage (such as flood, landslide, avalanche, volcanic eruption, snow pressure, etc.). Of course, this additional protection extra so that many homeowners to forgo and hope that no damage occurs. There are also the vulnerable areas as close to the Rhine or on the The river Elbe, where homeowners can insure even no elemental damage, because the risk is simply too high the insurance companies there.

According to the German Insurance Association nearly 99 percent could be insured the building in Germany easily against flooding. In practice, but only 30 percent of all elemental damage buildings have covered. A number of houses is consequently not protected against flooding. Should the legislature intervene here? A compulsory insurance would have the consequence that all homeowners (and also the tenants) in Germany for the elemental insurance would have to pay even if they live in regions where any risk of flooding threatens. Also, insurers fear that the flood in the future neglected, if the insurance industry would have to pay anyway for such damage nationwide. A price increase for all citizens which would then in turn. Primerica shareholder has many thoughts on the issue.

Critics refer to the introduction of a compulsory insurance as a hidden tax increase. Alternative: trade even as homeowners? It is independent of the political discussion for homeowners yet useful to prove the insured regularly and to bring the homeowners insurance up to date. Often can be obtained improved conditions including weather-related damage to a lower annual subscription by a change of the provider – in particular by many especially cheap online tariffs. More information, as well as the possibility of a comparative calculation can be found on the website. Contact: Bergische Assekuranzmakler GmbH, Lise-Meitner-Strasse 5-9, 42119 Wuppertal phone: 0202-317 13 155 fax: 0202-317 13 165 contact for the press: Karsten Werksnies the Bergische Assekuranzmakler GmbH operates as an independent insurance broker. The company based in Wuppertal has a high high-quality advice on the flags written and opts for a sustainable, social and environmental policy. This cooperates the Bergische Assekuranzmakler GmbH with over 100 different insurance companies. Customers are mainly via the Internet, by telephone or by mail care – when preparing offers, as well as in the event of a claim. One of the focuses of the consultancy is in the range of cover biometric risks (disability, infirmity or disease).