Germany is considered the land of over -insured, and citizens pay an average of over 2,000 euros a year for insurance companies. Nevertheless, there is no sufficient coverage for existential risks.
Indispensable insurance
Private liability insurance: A “private liability insurance in sufficient amount” protects against payments in the event of damages in existence, explains the consumer center. They must always be done if due to your own actions there is damage to third parties and these claims for damages do so. “Especially in the case of personal injury, the prison amount can go into the millions,” warns Stiftung Warentest.
Household insurance: After fires, large water damage or burglaries, the entire household items can be destroyed. A new acquisition of the entire property is not fully stamping for many private households, emphasizes the consumer center and recommends household insurance.
Adapted to individual needs
In addition to the indispensable insurance, which everyone should take out, there are insurance companies that are necessary in certain life situations. For example, risk life insurance for families with children can make sense in order to secure the bereaved in death.
For most professionals, occupational disability insurance also makes sense in order to be able to manage financial problems due to an accident or serious illness and the resulting disability.
Homeowners should consider residential building and elementary damage insurance because they insure damage to the building that can cause, for example, by fires or floods.
As a dog owner, it is advisable to take out animal welfare insurance in order to secure damage caused by the pet that must be replaced by the owner in accordance with Section 833 of the Civil Code (BGB).
Further options for reducing costs
Although the insurance described (depending on individual needs), the insurance contracts in particular decide on the benefits in emergency situations. It is therefore important to compare the offers of different insurers and, above all, pay attention to the scope of services and possible exclusions.
In addition to comparing the offer, the payment method should also be observed. Annual payment is often cheaper because many insurers will raise surcharges for monthly billing. In order to be able to do the annual amount, money should be put aside.
Editor finance.net