Will elemental protection soon become significantly more expensive? These options remain. There are differing opinions on the question of whether compulsory insurance can make sense in Germany.
Experts recommend a mix of compulsory state insurance and private insurance. Elemental protection – can compulsory insurance make sense? It could mean protecting an existence of damage should an event occur, says Werner Schirmer, senior investment analyst at the Landesbank Baden-Württemberg Research (LBBW) In 2021, the flood in the Ahr Valley led to insurance losses of over eight million euros.