Properly insure storm damage: tips from financial experts

Properly insure storm damage: tips from financial experts

According to a report by www.aachener-zeitung.de The Association of Insured Persons (BdV) explains that storm damage is only considered a storm from wind force 8. Storm damage to the house, such as a covered roof or a destroyed chimney, is a case for home building insurance. Household contents insurance covers damage to furniture and other movable objects. Partial comprehensive insurance pays if roof tiles fall on the car or a tree falls on it. In the event of storm damage, it is important to report it to the insurance company immediately and provide photos of the damage and a list of the damaged items. Damaged parts and craftsman invoices must also be kept. It is important that the insured does not increase the damage and put themselves at risk.

From an economic perspective, it is to be expected that insurance companies will pay greater attention to compliance with the regulations regarding claims settlement. This could lead to increased scrutiny of claims reports and closer scrutiny of the documentation submitted. An increase in claims due to extreme weather events could also result in insurance premiums and deductibles increasing in affected areas. This would have an impact on consumers, who would have to expect higher costs for their insurance coverage.

Overall, it is expected that the insurance industry will increasingly be confronted with the effects of storm damage and other weather events, which could lead to changes in insurance conditions and prices. Insured and potential customers should therefore prepare for possible adjustments to their insurance contracts.