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What insurance do I need in the event of storms and floods? Tips from the financial expert
According to a report from www.butenunbinnen.de, the damage caused by weather phenomena in Bremen and Bremerhaven and thus the costs of insurance are increasing rapidly. Storms, heavy rain and thunderstorms have caused increased damage in recent weeks. Insurance professionals are receiving more inquiries as consumers are unsure about what insurance they need for the weather phenomena covered. Insurance companies do not cover storm surges because the risk is too difficult for them to calculate and too high in the event of damage. Additional insurance for natural forces such as heavy rain, floods and hail is necessary. In Bremen, the costs for these additional insurances could increase by up to 15 percent, as the frequency ...
What insurance do I need in the event of storms and floods? Tips from the financial expert
According to a report by www.butenunbinnen.de, the damage caused by weather phenomena in Bremen and Bremerhaven and thus the costs of insurance are increasing rapidly. Storms, heavy rain and thunderstorms have caused increased damage in recent weeks. Insurance professionals are receiving more inquiries as consumers are unsure about what insurance they need for the weather phenomena covered.
Insurance companies do not cover storm surges because the risk is too difficult for them to calculate and too high in the event of damage. Additional insurance for natural forces such as heavy rain, floods and hail is necessary. In Bremen, the costs for these additional insurance policies could rise by up to 15 percent as the frequency of damage has increased.
This increase in the cost of insurance could lead to a shift in demand for insurance products. Consumers in affected areas may now be more inclined to take out additional insurance to protect themselves against damage caused by weather phenomena. Insurance providers may reevaluate their rates due to higher costs or introduce new products that offer broader coverage. This trend could also impact the overall insurance market as other regions may experience similar challenges related to weather events.
Read the source article at www.butenunbinnen.de