How climate change increases the risk of heavy rain and poses insurance problems for homeowners - a financial expert explains.

How climate change increases the risk of heavy rain and poses insurance problems for homeowners - a financial expert explains.

According to the flood check on the insurance portal of the Association of Insurers, a friend's house in a Frankfurt suburb is exposed to a low risk. However, the analysis shows that the risk of heavy rain in the Rhine-Main region has increased due to climate change. As a result, there is a chance that basements will flood, leaving homeowners with not only a lot of work but also insurance issues.

This development has an impact on the insurance market as well as on consumers and the construction industry in the Rhine-Main region. With the increased risk of heavy rain, insurance policies that cover flood protection are likely to see more demand. Consumers will consider more carefully what insurance they should take out to cover damage caused by heavy rain. This can lead to an increase in premiums for corresponding insurance.

The construction industry could benefit from this development as homeowners may take steps to better protect their properties against heavy rain. This could lead to an increased need for flood protection products and services, such as installing backflow valves or waterproofing basements.

According to a report by www.faz.net, insurance companies may need to rethink their risk assessments and policies to meet increased customer needs. It is recommended that homeowners review and, if necessary, adjust their insurance policies to ensure adequate protection against the effects of heavy rain.

Overall, the analysis shows that climate change is having an impact on the insurance sector in terms of flood protection and heavy rain. Consumers and the construction industry must prepare for this and take appropriate measures to minimize damage.