Discussion about compulsory insurance against natural hazards in Saxony-Anhalt: users disagree

Discussion about compulsory insurance against natural hazards in Saxony-Anhalt: users disagree

According to a report from www.mdr.de,

The discussion about compulsory insurance against natural hazards has become topical again in Saxony-Anhalt after the recent flood caused considerable damage. Many users reject compulsory insurance, while others support the idea. The Conference of Prime Ministers spoke out in favor of introducing such compulsory insurance more than a year ago, but so far there has been no proposal from the federal government. Currently only around half of households in Germany are insured against heavy rain and flooding.

Compulsory insurance against natural hazards could have a positive impact on homeowners in risk areas who would not currently receive insurance. However, owners who do not live in risk areas would also have to pay. Some users express their dissatisfaction with insurance companies and criticize building permits in flood areas. Others see the basic idea of ​​compulsory insurance as fundamentally positive, but point out the need for the insurance to be affordable.

Such insurance could also lead to less construction in vulnerable areas. Some users report insurance from the GDR era that was affordable and also covered natural hazards.

The introduction of compulsory solidarity insurance against natural hazards could have a significant impact on the market, consumers and the construction industry. Homeowners in high-risk areas could be better insured, while costs could rise for those who don't live in high-risk areas. Insurance companies may need to offer new policies while keeping an eye on the financial burden on policyholders. The construction industry could potentially be adversely affected if building permits in flood zones are restricted. The introduction of such compulsory insurance requires careful consideration of the potential impact on all affected parties.