Weather conditions turn harsh. - Millions in flood damage anticipated from R+V
R+V Insurance Group is estimating damages of around 100 million euros for its policyholders in South Germany as a result of the recent floods. Board member Klaus Endres made this announcement on Thursday as the floodwaters began to recede in Baden-Württemberg and Bavaria. He cautioned that the final extent of the damage is far from being determined.
According to Endres, the majority of the reported damages have been to buildings, including many major ones. Contrary to what one might see in the media, cars only make up about 5% of the reported damages. Endres promises fast and straightforward assistance for those affected. "This is our top priority," he said. R+V will be coordinating all flood response efforts at its central hub to ensure a smooth process.
The German Insurance Association (GDV) is anticipating much higher damages from the South German floods.
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Consumers in Southern Germany are anxiously waiting for updates from their insurances, such as R+V Insurance, regarding the flood damages. The severe weather conditions in Baden-Württemberg and Bavaria have led to estimated damages of 100 million euros for R+V Insurance's policyholders. Klaus Endres, a board member of R+V Insurance, announced this on Thursday as the floodwaters started to recede. He warned that the final extent of the damage is yet to be determined.
R+V Insurance Group has reported that the majority of the damages are to buildings, including many major structures. Contrary to some media portrayals, vehicles only account for about 5% of the reported damages. Endres assured swift and straightforward assistance for those affected, stating, "This is our top priority." R+V will centralize all flood response efforts to ensure a smooth process.
Germany's Insurance Association (GDV) has also predicted much higher damages from the South German floods, following the initial assessment from companies like R+V Insurance. Climate change and extreme weather events, such as floods and storms, are becoming increasingly common in southern Germany, including regions like Wiesbaden.
In the past, emergencies like these have resulted in millions of euros in damages and disruptions to daily life. People in Baden-Württemberg and surrounding areas, including Bavaria, are encouraged to stay vigilant and make necessary preparations to mitigate the impact of future floods and other weather-related emergencies.
