German insurers provide homeowners a tool to detect the risk of storms with a click of the mouse

2 July 2020 — Daniela GHETU
Real estate owners and tenants can now easily determine their individual risk of being affected by natural hazards by using the "natural hazard check", a digital tool provided by the Association of the German Insurance Industry (GDV), the association's website informs.

After entering their zip code on the online platform, consumers can find out what damage weather conditions have caused in the past at their own place of residence: how many buildings in the region were affected in the past year, how much damage was caused by heavy rain, storm or hail and what the risk of flooding was.

The "natural hazards check" is intended to raise awareness among homeowners in particular and encourage them to take precautions.

The "natural hazard check" is a reaction to the lack of a nationwide natural hazard platform with easy-to-understand information about dangers and prevention options, but it cannot replace a central public information portal with location-specific data. However, this might be a first stop to avoiding or reducing their extent to existential damage.

Oliver Hauner, Head of Property Insurance at GDV, said:

"We show the financial consequences of storms exactly where people live. This enables them to better assess their risk and draw conclusions - for example, reviewing their insurance cover, implementing protective measures or adapting their construction plans."

Every year in Germany, weather damage to houses, household items, cars, in trade and industry averages EUR 3.7 billion, which insurance companies cover. The most expensive damage occurred last year in Bavaria, North Rhine-Westphalia and Hesse. Most of the damage from storms and hail was in the Saarland, followed by Saxony and Rhineland-Palatinate.

For the natural hazards check:

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