The extreme hail that hit parts of Upper Austria two years ago left such extensive damage that work is still being done to clear it up. This event will cost OÖ Versicherung around 160 million euros, which is significantly more than originally assumed. There is still a lack of roofers and craftsmen, and insurance claims are still increasing.
#009: Against what should…
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Storms and natural disasters have increased in recent years, the healthcare system is falling apart, and cybercrime is threateningly increasing. And the question arises as to what you can protect or insure yourself against.
In the OÖN podcast “Money & Life” by economic department head Dietmar Mascher, the general director of OÖ Versicherung, Othmar Nagl, explains what customers should watch out for when insuring. He reiterates his call to spread the risk of all natural disasters across the entire population. “We will have to deal with the fact that such events recur in shorter periods.”
Nagl explains what you should insure yourself against, how the premiums will develop and what you should make provision for at which age.
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