A recent Forsa survey has revealed... - Mandatory catastrophe insurance: a yes or no situation?
The aftermath of the recent floods in Southern Germany has yet to reveal the extent of the financial burden, but it's predicted to reach billions of euros. However, not all homeowners have disaster insurance coverage, which is usually optional. Some are resigned to bearing the risk while others hope for government aid.
A recent survey by Forsa on behalf of stern (1009 respondents, 6th and 7th June 2024) found support for compulsory insurance for disasters at 46%, while 50% were against it.
Party Supporters' Stances on Compulsory Insurance Vary
There are notable differences between the opinion of supporters of different parties. Union, Green, and Social Democrat Backers favor compulsory disaster insurance by 54%, 54%, and 53% respectively. Meanwhile, FDP supporters, whose Justice Minister Marco Buschmann is in favor of this policy, voted against it with 50% against and 48% in favor.
Supporters of the compulsory insurance mostly hail from Union, Green, and Social Democrat camps, where 54%, 54%, and 53% respectively, voiced their support. AfD and BSW's clientele, on the other hand, form a small minority in favor of this reform, with only 35% and 43% respectfully. This, in turn, leads to a rejection of the compulsory insurance reform by the FDP supporters with a near two-thirds majority (64%).
Experts estimate that a mandatory insurance for natural disasters would cost homeowners about 190 euros per year if everyone was obliged to have it.
Read also:
- In the wake of the devastating floods in Germany, many homeowners without disaster insurance are now facing an insurance claim process, highlighting the need for compulsory insurance in such natural disaster situations.
- As the discussion around compulsory insurance for natural disasters gains traction in Germany, the Forsa survey reveals that 46% of respondents support the measure, while 50% remain opposed, indicating a divided public opinion on the issue.
- Under the compulsory insurance scenario, experts estimate that homeowners would be required to pay approximately 190 euros per year, emphasizing the potential financial implications of this policy in the context of climbing climate change-related natural disasters in Germany.
