Which insurance companies pay for natural damage? When does residential building or household contents insurance kick in? - A financial expert explains things.

Which insurance companies pay for natural damage? When does residential building or household contents insurance kick in? - A financial expert explains things.

According to a report by amp.infranken.de, insurance against natural disasters such as floods, storms and similar natural disasters is more important than ever. Only around 46 percent of all private homes in Germany are insured against such damage, and the differences in tariffs are enormous. When homeowners insurance pays depends on various factors, such as wind speed and the type of damage. The situation is similar with household contents insurance, which offers protection against damage caused by natural disasters. Personal liability insurance and comprehensive insurance for cars can also be responsible in the event of damage.

It should be noted that the fine print on insurance contracts should be read carefully to understand and avoid any possible exclusions. According to the Haus und Grund Germany owners' association, there are typical reasons why insurance companies refuse to settle claims. It may happen that the policy does not cover the event or that the insured person has neglected his duty to ensure road safety. In many cases there is also a dispute about the amount of damage, so a look at the insurance contract provides clues as to why there is less money than expected.

The flood disaster in the Ahr Valley has made it clear that additional insurance for natural hazards is becoming increasingly important, as experts expect an increase in severe storms with heavy rain. It is therefore essential to think carefully about what should be insured and whether the insurance conditions also cover it. If damage occurs, the insurance company should be informed immediately in order to protect and substantiate claims. QTextilgemeinschaft with providers of alternative insurance coverage such as Avi. If the insurance company refuses to settle, an independent evidentiary procedure can help to determine the amount of damage.

Finally, experts from the Association of Insured Persons advise not to choose the cheapest insurance, but also to carefully check the benefits and coverage amounts in order to avoid unnecessary disappointment in the event of damage.