Allow Dutch citizens to take out flood insurance
Researchers at Free University in Amsterdam say people who have flood insurance policies tend to do more to prevent damages against flooding.25 August 2008
THE NETHERLANDS - Researchers at the Free University in Amsterdam say Dutch citizens should be able to take out flood insurance.
The university academics have discovered that people who have flood insurance take more action to prevent damage, such as moving their central heating boiler from the basement to the attic.
The change in behaviour is said to be the result of both a changed awareness and the terms of the insurance policies.
The Netherlands is the only European country where citizens cannot take out flood insurance.
The Dutch Association of Insurers says its members can only offer flood insurance policies if the government helps out. The organisation says most floods cause such widespread material damage that no insurance company could shoulder the financial burden on its own.
[Radio Netherlands / Expatica]