Real Estate: How to Protect Your Home from Extreme Weather - and What it Costs
The damage caused by heat or heavy rain is increasing. Those who want to avoid high repair costs can protect their homes from this. The costs of individual measures vary significantly.
The German Insurance Association (GDV) estimates that natural disasters will cause around 2.4 billion euros in damages per year in Germany between 2016 and 2025. This is an increase from 1.4 billion euros per year from 2000 to 2009. Property owners are affected, with damage to houses from heat, storms, and heavy rain increasing, leading to higher premiums for elemental insurance.
According to Professor Jörg Schiller from the University of Hohenheim, heat and heavy rain are the biggest climate risks in Germany, varying by region.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
