Financial expert explains: This is how you can protect yourself from the financial consequences of storm damage with insurance

Financial expert explains: This is how you can protect yourself from the financial consequences of storm damage with insurance

According to a report by www.merkur.de,
Storms can cause immense damage. Find out here which insurance company will pay for which damage if the worst comes to the worst.

Storms can cause significant damage to houses and household contents. According to consumer advice centers, homeowners insurance is usually responsible for damage to the house itself caused by extreme weather events such as storms, hail or lightning strikes. However, exceptions may apply and it is important to check the exact terms and exclusions. Home contents insurance, on the other hand, covers damage to movable objects within the house caused by storms. Additional insurance such as natural hazard insurance can also be relevant to cover damage caused by floods, landslides or snow pressure.

Overall, it is important to check the individual insurance conditions carefully and, if necessary, speak to an insurance advisor in order to be optimally covered in an emergency. A comprehensive insurance policy that covers damage to both the building and contents can be useful to protect yourself from the financial impact of storm damage.

Severe weather can have a significant impact on the insurance market, particularly on demand for homeowners and contents insurance. An increased demand for additional insurance such as natural hazard insurance could be observed, particularly in areas that are vulnerable to extreme weather events. Additionally, insurance companies could adjust their policies to meet the growing need for protection against severe weather damage. Overall, this could lead to changes and adjustments in the insurance industry.