New Key Point Paper: Better Insurance Protection Against Natural Disasters Planned

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In the flood disaster in the Ahrtal, only part of the massive damage to buildings was covered by insurance policies. Berlin wants to change this. What are the goals of the Minister of Justice and Finance Ministers?

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In order for natural disasters no longer to be covered by the State Treasury, Minister of Justice Hubig is working on an extension of the residential building insurance. A key point paper states that new contracts and existing policies will have to cover floods and heavy rains in the future.

Herbert Frommes Versicherungsmonitor

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The planned law to improve protection against elementary damage takes shape. According to a report of the Cologne City Scoreboard, a key point paper is now available. All new residential building insurances are therefore intended to contain a corresponding cover. The costs are to be borne exclusively by the owners. The compulsory insurance against elementary damage such as floods is approaching© picture alliance/dpa 的 Florian Wiegand In their co…