Merz Government Plans New Compulsory Insurance for Homeowners: Many Germans Would Like That

According to the coalition agreement, the black and red government wants to introduce a new insurance obligation. The Germans are largely in favour of it.

Many Germans are in favour of compulsory elementary damage insurance. Especially in less vulnerable regions, the willingness to provide solidarity protection is growing. The results of a recent survey could also fuel the political reorganization of disaster preparedness. read more

A recent study by the ifo Institute shows that a large part of the population is in favour of a solidarity-funded insurance system – even if they were not directly affected by natural disasters themselves. The contribution ifo-Studies: Germans open to mandatory elementary damage insurance first appeared on insurance industry today.

Social acceptance for compulsory elementary damage insurance in Germany is greater than expected. This is shown by a new study by the ifo Institute. "For reasons of fairness, many households are willing to contribute to a solidarity insurance system – even if they would hardly benefit directly themselves," says ifo expert Marie-Theres von Schickfus. {/mprestriction} Almost half of households (39 percent approval, 34 percent neutral) supported co…