In a
grossly uncharacteristic administrative lapse in
mid-
1980, the
Bundestag of the
Federal Republic of
Germany permitted the
country'
s extended warranty agreement to
lapse. This
caused a
scandal that
nearly toppled the
government,
although in
fact the
later union with
East Germany would have
voided the
contract anyway. The
standard document covers large floods,
earthquakes,
hurricanes,
typhoons and
tornados.
Countries still within their
warranty period can automatically obtain repairs should any of these
events occur.
Unfortunately third-
world debt has
led many poorer countries to
downgrade their
coverage, or
even let it
lapse altogether, and
hence they
receive no
compensation in the
event of a
catastrophe.
Ironically,
many countries opted out of
hurricane cover but
kept earthquake cover, only to
suffer very
badly during
tropical storms.
Europe (
except Germany and
Italy),
Canada and
Australia are about the only
areas of the
world still within their
original warranty period.
Simon Smith [email redacted]
[undated]