How financial experts assess the increasing theft of heat pumps and the lack of insurance coverage

How financial experts assess the increasing theft of heat pumps and the lack of insurance coverage

According to a report by www.merkur.de,

The article by Eileen Kelpe deals with the increasing demand for heat pumps and the increasing thefts as well as the fact that insurance companies do not pay in many cases. The demand for heat pumps as an alternative to gas heating is increasing, which is also attracting criminals who sell these devices on the black market. However, in many cases the insurance companies do not pay because the heat pumps are located outside the building and therefore the insurance coverage does not apply.

The increased demand for heat pumps is leading to higher supply and rising prices, especially on the black market. This attracts criminals who steal the devices and sell them on the black market. This theft can result in financial loss for the owners as insurance policies do not cover the loss in many cases. As a result, owners are faced with significant costs, as the value of the stolen heat pumps is often in the five-figure range. This can result in a financial burden for homeowners.

The increased theft rate of heat pumps and the lack of compensation from insurance companies could lead to a decline in interest in this climate-friendly alternative to gas heating, as the potential financial losses reduce the attractiveness of heat pumps. Additionally, this could negatively impact the heat pump manufacturers and suppliers industry as potential customers may be hesitant to choose heat pumps due to increased theft risks.

To protect against theft, owners can take additional security precautions, such as video surveillance, alarm systems, motion detectors, GPS systems and individual component markings. This could result in an additional investment for homeowners and increase the overall cost of installing and protecting heat pumps.