In today’s world, flood insurance has become indispensable for many. In many regions of Germany floods happen almost every year. The damages are sometimes very massive to the buildings and also the inventory. For those affected, the damage caused by floods without flood insurance leads to high financial burdens. For many affected people this means that financial out and also strains psychologically enormously.
In the last years the water levels were always higher the tendency rising. Meanwhile also regions are concerned, which remained spared in former times for example in the cities. Floods can occur all year round and cause a lot of damage. Flood insurance does not protect against the damage caused by a flood, but it helps to settle the financial damage quickly.
The weather is becoming more and more extreme, and in many regions of Germany there is a threat of flooding in certain areas every year. The floods cause enormous damages to the houses, these damages can cause immense costs. As a rule, traditional homeowners insurance does not cover flood damage. Homeowners should therefore take out additional insurance that covers natural hazards. Extreme weather conditions with continuous rainfall mean that even small rivers and streams are now bursting their banks and causing flooding. Regions in Germany that were not previously classified as flood-prone are now also affected.
Flooding not only causes damage to the house, but the consequences inside the house are also devastating. The flood water attacks the building structure, especially if the water stands a little longer, depending on it can lead to irreparable damage to the property. The damage in the house is also enormous, electrical appliances, clothes and the furniture are damaged so much that they can not be saved. If the victims do not have flood insurance, they have to bear the costs themselves. That means for many families the financial out. It is therefore important to supplement a residential building insurance policy with flood insurance in good time. The insurance companies offer the natural hazard policy for this purpose. However, insurance companies reserve the right to no longer offer this protection due to the high risk situation. The insurance should therefore be taken out early, as long as the insurance company still offers this protection.
What protection does flood insurance offer?
Flooding usually leaves a lot of damage to and in the house, and homeowners insurance will pay for this damage, provided additional protection has been purchased to cover it. The flood insurance pays for the costs of repairing the house.
Furthermore, it pays for drainage, masonry repairs and renovations. The household contents must also be covered by insurance so that these damages are also covered by the insurance. If the household contents are insured, the damage to the furniture, electrical appliances and other inventory will also be covered. The insurance will also pay for replacement accommodation should the house be uninhabitable for a period of time and those affected are accommodated in another apartment or in a hotel.
The benefits at a glance:
Repair of flood damage
Assumption of clean-up and disposal work
Payment for all damage caused by floods
Payment for the costs of external accommodation
All damages should be documented precisely so that they can be submitted to the insurance company it is advisable to record this with many pictures.
What are the advantages of flood insurance?
The past has shown that many homeowners have not been insured against the damage caused by floods. These people not only had to cope with the psychological strain, they also had to struggle with the financial burden. Fortunately, the people who had taken out flood insurance in time, they did not have to fear the financial damage. The insurance paid for the damages incurred. The advantages of this insurance clearly lie in the services offered by the insurer. In addition to the comprehensive flood insurance coverage, the insurer also covers all costs incurred as a result of the flood. For customers who have already taken out an insurance policy, the insurance cover remains in place even if the insurer no longer offers it.