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Hail damage: Problems with insurance - the Köhnlein family fears high costs
A report from www.merkur.de reports on the problems that a family in Benediktbeuern was faced with after a hailstorm. The family had extensive damage to the house and garden, but the insurance company had difficulty settling the claim. The family had to wait a long time for help and felt abandoned by the insurance company. As an economic expert, I see significant impacts on the market and the industry in such cases. Customers who are let down by their insurance companies will lose trust in the industry and may be less willing to purchase insurance. In the long term, this could lead to a decline in insurance contracts...
Hail damage: Problems with insurance - the Köhnlein family fears high costs
A report from www.merkur.de reports on the problems that a family in Benediktbeuern was faced with after a hailstorm. The family had extensive damage to the house and garden, but the insurance company had difficulty settling the claim. The family had to wait a long time for help and felt abandoned by the insurance company.
As an economic expert, I see significant impacts on the market and the industry in such cases. Customers who are let down by their insurance companies will lose trust in the industry and may be less willing to purchase insurance. In the long term, this could lead to a decline in insurance underwriting and a loss of revenue for insurance companies.
In addition, such issues could affect competition in the industry if customers tend to switch to other insurance providers. In the long term, this could lead to a change in market dynamics and affect the position of some companies.
Therefore, in such situations, it is important for insurance companies to act in a transparent and customer-oriented manner in order to maintain customer trust and avoid long-term negative effects on the market.
Source: According to a report from www.merkur.de.
Read the source article at www.merkur.de