7.2.3 Mandatory or Voluntary Status
The WTS is neither a mandatory or voluntary system of flood compensation because applies to
property across the Netherlands. It is paid from general taxation, therefore it is not possible for
individuals to opt in or out of it. It is not an insurance system as it is triggered only after a flood has
been declared a national disaster by the government. It is an ad hoc system of compensation payment
based on actual property losses not on a predetermined formula or contract as would be found in a
normal flood insurance policy.
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