Groundwater is pressing into Dortmund's basement: Why insurance doesn't pay

Groundwater is pressing into Dortmund's basement: Why insurance doesn't pay

According to a report from www.hertener- Allgemeine.de, a Dortmund family has problems with groundwater in their basement. This water damage was caused by extreme rainfall and the insurance company is refusing to pay for the damage. According to the insurance company, the owners themselves must ensure that their building is adequately protected.

The impact of this decision on the insurance industry could be significant. If the insurance company does not pay, this could lead to a decrease in customer satisfaction and affect the company's image. Additionally, there could be legal consequences if the affected family decides to take legal action.

For the market, this could lead to increased demand for insurance policies that offer more comprehensive protection against natural disasters and extreme weather events. Customers may be willing to pay higher insurance premiums to adequately protect their property.

The affected family could face significant financial burdens as they now have to pay for the damage out of their own pocket. This could lead to a reduction in their financial well-being and negatively impact their quality of life.

Overall, this case shows that the impacts of natural disasters and extreme weather events can have far-reaching consequences that affect various aspects of the economy and everyday life. It also highlights the need for more intensive discussion and planning to establish appropriate protection and prevention measures.

www.hertener- Allgemeine.de