City building insurance for damage to elementary school - financial expert gives assessment

City building insurance for damage to elementary school - financial expert gives assessment

According to a report by www.mdr.de, three boys vandalized the Otto Boye elementary school in Haldensleben. The city is now checking whether the building insurance will cover the damage and whether it can get the money back from the children's parents. The damage is estimated at around 50,000 euros.

According to the information in the article, the school's insurance is expected to cover the damage of 50,000 euros. The city of Haldensleben has insured both the inventory and the building, which forms the basis for settling the damage, provided the school was properly secured.

However, it is reported that the parents' liability insurance is unlikely to cover the damage. The insurance company could then repeat the money from the children's parents.

The impact on the market, consumer or industry in this case is limited as it is a local matter. The financial impact could be noticeable for the city of Haldensleben if it is unable to get the money back from the children's parents.

It remains to be seen what the insurance regulations and legal steps the city of Haldensleben will take to cover the damage. This incident highlights the importance of carefully selecting and checking insurance policies for schools and public institutions in order to be adequately covered for damage of this type.