A fire insurance is type of insurance, which replaces damage developed by fires.

It is a section, both in the private sector, and in the division is necessary. Mainly real estates are insured against fire. It is usually insignificant whether it concerns an elementary event, for example by thunderbolt or a technical physical defect. Damage by arson is replaced, tries to keep the insurance without loss however at the fire founder. Only if the owner is transferred of the arson, the insurance is achievement-free. Which indications for the acceptance of an arson must be present, now by the regional court Cologne was clarified.

Usually the insurance is offered as bundle with other sections, like break-down, liability, damage caused by water or other insurance.

In some areas of Germany in former times fire insurances were furnished as national monopoly insurance, which was administered by officials. An example is the fire insurance of Baden. Each building in area was obligation-insured. The protection covered fires, but also elementary damage so mentioned in the case of example not only by floods and earthquakes. These damage is not insurable with most insurers, because e.g. with a large earthquake so many customers would be concerned that premiums and usual reserves and reinsurances would not be sufficient around the damage to cover. The national monopoly property insurance of the GDR covered likewise elementary damage, so that the customers with old contracts were secured with the flood events 2002 at the Elbe. The events meant an extreme damage, which was however backinsured for the alliance AG, which had bought up the old GDR insurance.

Through your-genuinly, which the Federal Republic had agreed, monopoly insurance was forbidden. As consequence the fire insurance of Baden was e.g. sold an insurance daughter of the savings banks to the including the several hundred million comprehensive reserves as basis for the continuing protection with elementary damage. The officials of the monopoly insurance "“were lent"” to the private carrier, similarly as with the privatisation of the post office and the course.

The premium depends on the estimated value of the reestablishment. If the estimated value is too low set before, then it comes to an understocking of the damage and only the prozentuelle portion of the damage one pays off.

In Austria a percentage of the premium is to it-struck as fire protection expensive. This tax is tied and financed partially the fire-brigade and the fire prevention also. By the competition in the insurance economy the premiums are strongly declining, which also the fire-brigades feel strongly.

History

The first fire insurance is the Hamburg fire cash created by the advice in Hamburg 1676.

Articles in category "Fire insurance"

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