Guide: What you should pay attention to when buying and lighting fireworks - tips from a financial expert

Guide: What you should pay attention to when buying and lighting fireworks - tips from a financial expert

According to a report by www1.wdr.de,

Fireworks on New Year's Eve can create beautiful and festive moments, but they also pose risks. Consumers must be particularly careful when purchasing and handling fireworks. It is important to ensure that fireworks are inspected and labeled by approved authorities to minimize the risk of accidents. In addition, only persons of legal age should purchase and light fireworks, and the use of fireworks should comply with applicable regulations.

In addition, untested fireworks, illegal imports and homemade firecrackers can lead to injuries and fires. Children and minors in particular should be informed about the dangers and how to use fireworks responsibly in order to avoid accidents. Ophthalmologists also warn about the dangers of table fireworks and sparklers, which can cause superficial injuries to the cornea.

In the event of an accident, different insurance policies can cover damage caused by fireworks, depending on the type of damage and personal coverage.

In the context of this information and the upcoming New Year's Eve celebrations, it is important that financial experts analyze the possible impact on the insurance sector. An increase in fireworks claims could affect insurance premiums and result in additional costs. In addition, insurance companies could increase awareness of the risks of fireworks and raise consumer awareness, which could lead to increased risk awareness among the population.

It is therefore advisable that insurance companies adapt their policies and communication strategies to respond to the specific risks associated with fireworks and to adequately inform policyholders.