It’s time for compulsory insurance against natural hazards – business

The current situation is untenable. Only about half of all homeowners have natural hazard insurance. Without this additional cover, insurers will not pay in the event of floods, as is now the case in Saarland, on the Rhine and in Bavaria. Insurers claim that more than 99 percent of all buildings are insurable. But many homeowners report that they have not found insurance coverage.

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