Fireworks on New Year's Eve: Where are firecrackers prohibited and which insurance helps in the event of damage? Financial expert explains.

Fireworks on New Year's Eve: Where are firecrackers prohibited and which insurance helps in the event of damage? Financial expert explains.

According to a report by www.merkur.de,

New Year's Eve fireworks are a traditional part of the New Year, but there are also clear rules and prohibitions that consumers should be aware of. According to the Federal Ministry of the Interior (BMI), firecrackers and rockets are only permitted on New Year's Eve and New Year's Day without official approval, although sensitive areas are subject to special protection. In addition, cities such as Düsseldorf, Cologne, Hamburg, Berlin and Munich have set up special prohibition zones in which the ignition of pyrotechnics is prohibited.

Failure to comply with these rules can result in hefty fines of up to 50,000 euros, while handling unauthorized fireworks can result in prison sentences of up to five years. Particular caution is therefore required.

With regard to insurance, the NRW consumer advice center points out that various policies can help in the event of damage. Private liability insurance pays if other people are injured by pyrotechnics, while private accident insurance covers permanent damage. Residential building and household contents insurance are relevant if your own house or interior furnishings are damaged. Motor vehicle insurance, on the other hand, is used in the event of damage to the vehicle caused by fire or the explosion of firecrackers.

The bans and insurance regulations regarding New Year's Eve fireworks also have an impact on the market and consumers. On the one hand, manufacturers and dealers of fireworks may experience a loss of sales in the affected areas, especially if the prohibition zones are expanded. Consumers, on the other hand, need to be aware that violating the regulations can lead to significant financial and legal consequences.

It is important that insurance providers inform their customers about the different policies that may be relevant in relation to New Year's Eve fireworks. Consumers should be clear about what insurance coverage will apply in the event of a claim in order to avoid unpleasant surprises.