How to insure your home against storm damage: tips from financial expert Saidi Sulilatu

How to insure your home against storm damage: tips from financial expert Saidi Sulilatu

According to a report by www.swr.de, severe storms in Baden-Württemberg and Rhineland-Palatinate damaged many houses. Saidi Sulilatu from the money guide “Finanztip” explains in an interview with SWR Aktuell presenter Stefan Eich how you can insure yourself against this.

In Baden-Württemberg and Rhineland-Palatinate, storms mainly caused property damage. It is unclear whether a storm in Saarland was a tornado, but around 30 houses were damaged. In the event of such natural events, it is important to have the right insurance. According to Saidi Sulilatu, home insurance is essential in the event of storm damage. However, if the basement is full, you need natural hazard insurance, which not everyone has. The frequency of extreme weather events can also affect the availability of appropriate insurance in an area.

It is important to contact the insurance company promptly to report damage and secure evidence. Nevertheless, insurance companies can be creative when it comes to settling claims, which makes it important to protect yourself and seek professional advice when in doubt. The possible bankruptcy of an insurance company does not necessarily mean a loss of benefits, as most companies have reinsurance or security funds. However, settlement of damages in such cases may take longer and government intervention is possible.

This shows how important it is to have the right insurance for natural disasters and severe weather damage, especially in times of climate change when extreme weather events are becoming more frequent. It is advisable to review your insurance policies and update them if necessary in order to be adequately protected in the event of damage.