Heavy storms hit the country again. The result is hail damage and flooding, and the fire brigade is constantly on the job. To ensure that the destruction does not lead to major financial ruin, those affected should consider their coverage. We have looked at where the pitfalls lie.
Storm damage is especially common during the summer months. Global warming is also fueling this, as weather extremes are increasing. But many households are underinsured; it is estimated that only about a quarter have sufficient coverage. Repairing the car or house can then become very expensive. Conditions vary depending on the storm.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
