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Do I want to invest in (generally) insurance when I know that more natural disasters will occur due to climate change? (And thereby the insurers more under pressure Geraten? ) The value itself, sounds actually intressant. How are reserves formed if only the basic costs are kept and the rest is donated?
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Some insurance policies exclude liability for damage caused by natural disasters and that is why Allianz does not have to cover any costs this year, despite this year's flood disaster in North Rhine-Westphalia and Rhineland-Palatinate, @VileEnd
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Thanks, I didn't know that 😁.
What private actually means you (I) should look through your insurance policies again after such a clause.
@TheDividendCollector
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@VileEnd It probably makes sense to read any final contract in full,,,but I think we're all a bit behind on that🧐