EAR insurance: dubious settlement practice

Tuesday, August 4, 2015 Veröffentlichungen

Column by Lars Winkler for Versicherungsmonitor.de 

Recently, German insurers rejected cover for a number of claims under EAR insurance. Although the only condition for a claim under EAR insurance is property damage to the erected object, insurers ask for the detailed cause of damage before settling a claim.

In major projects with many participants, ascertaining the cause of the damage usually takes several months or even years. Furthermore, many insurers reject any compensation for damage resulting from a defect in workmanship.

 

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