Here: https://www.gdv.de/gdv/medien/medieninformationen/versicherer-befuerchten-2024-überdurchschnittlich-hohe-schaeden-durch-wetterextreme–181814
The German Insurance Association (GDV) recently published alarming figures on natural hazard damage in the first half of 2024. According to the GDV, the first half of the year was marked by extreme weather events that have already caused significant damage. In view of the damage that has already occurred, insurers are warning of an above-average loss-intensive year in 2024. In this context, however, many policyholders are faced with the urgent question of whether their insurance will actually settle claims in the event of a claim – and this is precisely where a serious problem arises.
Natural hazard losses in the first half of 2024: A worrying balance
According to the latest figures from the GDV, damage caused by natural hazards will total around 4 billion euros in the first half of 2024. Storm damage, heavy rain and hail were particularly affected and are responsible for a large proportion of insurance claims. Insurers assume that this trend will continue and warn of a significant increase in the amount of damage over the rest of the year.
The GDV emphasizes that these losses are a clear signal of the increasing risks posed by climate change. Extreme weather events are occurring more and more frequently and are increasing in intensity and frequency. Insurers must adapt to these new challenges and adjust their insurance products accordingly. But this is exactly where the problem begins for many policyholders.
Clear legal framework – but insurers still often refuse to settle claims
Although the legal situation regarding damage caused by extreme weather is clearly regulated, many insurers refuse to settle such claims. In the case of heavy rain and flooding in particular, disputes often arise over whether insurance cover applies or not. Insurers often invoke exclusion clauses or claim that certain damages are not covered by the policy.
A common argument used by insurers is that the buildings in question were not adequately protected against natural hazards, which can lead to a refusal to pay out. Policyholders are also often referred to so-called natural hazard insurance, which is not included in many standard policies and must be taken out separately. In practice, this often means that policyholders are left with the costs in the event of damage, even though they relied on the insurance cover.
Enforce your right to compensation – support from Keen Law
In such cases, it is important that insured parties know their rights and enforce them. The Keen Law firm in Berlin is at your side to provide competent support. Our experienced lawyers will help you enforce your claims against the insurers and ensure that you receive the compensation to which you are legally entitled.
We check your insurance documents, clarify the coverage issue and fight for your rights. If insurers refuse to settle your claim or assert inadmissible exclusion clauses, we will accompany you through the entire process, even in court if necessary. Our experience shows that sound legal support can often make the difference when it comes to receiving full compensation.
Conclusion
The natural hazard damage in the first half of 2024 clearly shows that extreme weather events are increasing and the risks for homeowners and renters are increasing. At the same time, it is clear that many insurers are not prepared to settle these claims despite the clear legal situation. Don’t let the insurers fob you off! If your insurance does not pay out as it should in the event of a claim, we are at your side with legal expertise. The Keen Law firm will help you to enforce your claims and protect your rights.
Do not hesitate to contact us if you need support. We are always available to answer your questions and assist you in this difficult situation.
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