Flood protection for homeowners in Emsland - does insurance have to pay? Financial expert explains

Flood protection for homeowners in Emsland - does insurance have to pay? Financial expert explains

According to a report by www.noz.de, the Ems flooding in Emsland is keeping many homeowners who live near the river in suspense. When it pushes through basement walls into homes, it causes concern among homeowners.

The possible effects of the Ems flood in Emsland can be considerable. Rising water levels and flooding can cause significant damage to homes, especially if water leaks through basement walls. This can cause structural damage to buildings and homes can become uninhabitable. This not only has an impact on homeowners, but also on the real estate market in Emsland.

Additionally, flooding may lead to an increase in insurance costs as insurance companies may be forced to increase the cost of covering flood damage. This, in turn, could impact costs for homeowners living in flood-prone areas.

Since the flooding in Emsland affects many homeowners, this could also have an impact on the entire regional real estate market by deterring potential buyers from investing near the river.

It is therefore important that homeowners, insurance agents and real estate professionals review their insurance policies' contractual liability exclusions to protect themselves against potential flood damage.