Massive Flooding in Europe

This week, devastating flooding in western Europe has taken over 120 lives with hundreds more still missing. Villages in Germany and Belgium were completely submerged in water brought about by heavy rains. Over 1,000 rescue squads are currently digging through debris in efforts to salvage any remaining life.
The intensity of this flooding is baffling scientists. German city Koln-Stammheim was hit with 154mm (over 6 inches) of rainfall, which shattered the previous record of 95mm. Scientists contribute the harsh storms to the increase in temperatures caused by human emissions.
The Netherlands, Luxembourg, and Switzerland have also taken some brutal hits from the disastrous flooding. Initial reports have 20 people being pronounced dead in the three countries. Small businesses and residences are totaled with numerous family’s futures now uncertain.
Our team at WorldClaim sends our deepest prayers and condolences to those who have lost loved ones in this tragic flood. We have seen first-hand the devastation floods of this magnitude can bring to entire countries. You and your family shouldn’t have to fight through this alone. Let our team of professionals help you during this process and let’s set up a plan moving forward.
Things may seem a little lost right now. The question you are probably asking yourself is, what’s next? WorldClaim believes strongly that there’s always a light at the end of the tunnel, and we are here to make sure you reach that light.
The European Union has a fund dedicated to floods and other natural disasters. This insurance is only given to participating country’s governments to cover clean-up costs and rebuilding. Each country is separately responsible for how they handle insurance.
In a study written by Laurens M Bower, Dave Huitema, and Jeroen C J H Aerts, 15 of the 19 country’s markets in the EU are dominated by private policies that cover private flood insurance. It is reported that only Germany as private insurer policies that cover flooding, with less than 50% market penetration. In countries like Belgium and Switzerland, the insurance is controlled by the government system, ex ante premium. The Latin term “ex ante’s” literal translation is “before the event.” The governments in these countries will already have a set policy with an estimated number for how much can be covered in the event of a flood. In the Netherlands, insurance is provided by the government, ex post compensation. You’re correct to assume that this Latin term is the opposite of “ex ante.” Instead of making a prediction as to how much should be covered, the Netherlands government will create a set amount in your policy after the event.
Regardless of your current policy, WorldClaim is here to help. Whether it’s a private insurer or your nation’s government, there’s not one organization too tough for us to fight for you. It’s crucial for you to contact us and let us review your policy with no obligation. We won’t stop until you’re settled with the amount rightfully owed to you under your policy. Let us welcome you to the family and help you start this recovery process.