Charge for homeowners and tenants: Black and red wants to introduce compulsory insurance against elementary damage

The last two governments have already ensured that housing in Germany is becoming more and more priceless. The new government has added one thing to it: According to the coalition agreement, elementary insurance is to be compulsory for all residential buildings. This could mean additional costs of up to 1600 euros per year for owners and tenants. Living has never been so expensive: record rents and exploding energy prices bring many households t…

In the future, every homeowner in Germany will have to commit himself to climate damage – this is what the Union and SPD have agreed on in the coalition agreement ... The post plan of the new government: Climate mandatory insurance should come – with massive costs appeared first on Apollo News.

Housing will become even more expensive. According to the coalition agreement, the CDU/CSU and SPD have agreed that the previously voluntary natural hazard insurance for residential buildings will become mandatory. What additional costs can be expected?

Floods, landslides, avalanches: The probably new government plans a mandatory protection against natural forces. So far such policies are voluntary. Depending on the location of the buildings it could be expensive.