Financial expert gives tips on insuring flood damage in Lünen and Werne

Financial expert gives tips on insuring flood damage in Lünen and Werne

According to a report by www.ruhrnachrichten.de,

The increasing floods and flood events in Germany make protecting your home increasingly important. The Lippe flood has spread into Lünen and kept residents in suspense. Questions have arisen about insurance coverage in connection with flood damage. Home insurance is becoming an important matter, especially in areas like Lünen and Werne that are affected by flooding. The consumer advice center points out that in the event of damage caused by flooding or backwater, natural hazard insurance is required. Building insurance alone does not provide sufficient protection against flood damage.

When it comes to insurance coverage for flood damage, there are some important aspects that need to be considered. Natural hazard insurance is necessary to cover damage following a flood or backwater. The insurance covers damage caused by surface and groundwater as well as backwater. However, damage caused by storm surges and groundwater not reaching the surface are not covered. In addition, there is no all-inclusive insurance that covers all damage. The experts recommend residential building insurance including protection against natural hazards.

With regard to the construction of buildings, natural hazard insurance does not offer any protection against storm damage during the construction phase. Here, construction insurance covers damage caused by unusual weather conditions.

It is important to note that policyholders must meet certain requirements to maintain coverage. This includes measures such as installing check valves in areas at risk of flooding and keeping drainage pipes on the property clear.

Overall, given the increasing frequency of flooding events and floods in Germany, insurance protection against flood damage is an important issue that homeowners should keep an eye on.

Source: www.ruhrnachrichten.de