What happened financially to the victims of strategic bombing?

Did the victims of strategic bombing receive any form of compensation? Where was there insurance that covered the damages? Did the war cause property in say London to become very cheap due to the bombing risks? Etc etc. I am curious as to how the victims of the strategic bombing were affected financially.

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For the Germans, yes, there was a system of state reimbursement. Cash damages for claims (with a bit of adjusting, some claims were a little… optimistic), and also those who lost critical things could get vouchers for clothes, foods, etc. The policy started out well enough, until the Allied bombing campaigns became a little more destructive than the budgets had allowed for.

If you have access to it, Richard Overy’s “The bombers and the bombed” goes into a fair bit of the details on what was going on on the receiving end.

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