Is basic damage insurance a must?

how floods in your place are very, very unlikely

Of course, where flooding due to rivers and other bodies of water is possible, it is naturally difficult to impossible.

But heavy rain has been happening more often lately and can basically affect anyone. For example, when half of the city center of Münster was flooded.

Where it is affordable, it is unlikely. Where it would be very necessary, no one offers it due to too high a risk. Nevertheless: because of strong rain risk, we also included it for a small amount. The package now costs 151,- per year, which we find fair, with proper coverage reception. We were at "our" insurance broker. I insure everything through a broker. They find insurances you’ve really never heard of before. Our car insurance is called Condor, our home insurance Rhenia, our construction liability Badener. Why does he find these? Because as broker insurances, they only want this distribution channel. (Maybe the idea behind it is that hardly any difficult customers go to brokers, who think that because they’ve paid premiums for five years, they should file a claim to get something out of it...?)

Hello,

we are fortunate to live in a relatively moderate zone, no flood-prone, flat property, no hillside location.
Is the natural hazard insurance still always absolutely necessary?
We are building with a basement where a living space with a living room window is also planned.
What do your insurance packages look like?

Thank you!

Can you also exclude wind or storms in your area?

Storm is usually already included in the standard insurance. Elemental are specific natural disasters and are more or less likely depending on the location of the object. At the top of a mountain far from a stream/river, etc., flooding is less likely than in the low point of a new development area. It is important to insure the property correctly based on the location. A depression in a new development area does not mean exclusion from the elemental insurance but increases the risk of flooding many times over and is an absolute must. Whoever lives at the top of the depression does not necessarily need it. Damage to the roof in new buildings due to storm and hail is generally not to be expected. Otherwise, write to the construction company about how they fixed the tiles... (unless, of course, hail punctures the tiles)

The OP has a flat piece of land. Heavy rain can also become a problem there; especially with a basement. And that is where the natural disaster insurance helps.

Storm in the normal policy only covers things like storm damage to the building itself.

Thank you thank you to everyone for the great tips here, I neither want to save in the wrong place nor exclude weather disasters :). I should probably tackle the insurance broker thing, on the online comparison portals you can get the residential building insurance from 150€ to 200€ + 200€ to 250€ for the elemental damage. Is that the standard price? Should I expect to pay more with an insurance broker?