International insurance companies
Prevention is better than cure many German people seem to be fond of that old saying insurance in Germany is a lucrative and competitive market for expatriates, it can be confusing for an overview of this key topic Our guide provides an introduction awareness of risks, essential plans and common policies.
Below, we intend to give you an overview of the available insurance coverage in Germany Most is work-related, vehicles or accommodation You will find more detailed information in the articles on these topics.
Some health insurance plans, however, do not meet these three categories Of these, a private liability insurance, legal insurance and life insurance are most important.
Only two thirds of all households in Germany have liability insurance, although it is one of the most important forms of insurance coverage It covers any damage you may cause carelessly, such as forgetting to snuffing a candle and causing an entire block apartment burn down the definition of damage also includes the physical injuries of others.
However, it does not cover damage to yourself, members of your family, or your own property Moreover, neither car accidents or industrial accidents are covered.
Generally, you can assume that liability insurance excludes any for which there is a separate insurance scheme in case of doubt about the coverage, ask your insurer or lawyer deals with liability insurance start as low 60 per year for a minimum coverage, including an entire family.
Legal insurance covers all costs of a trial, except fines This includes lawyers, expert witnesses' fees, legal fees, and the costs of the other party if you lose the case bail can be covered as well.
You can make a claim after a certain waiting period that begins on the insurance company to get insurance when you file a claim, usually checks the case and can refuse to cover it if it doesn t take many luck this case, you may want to ask your lawyer for advice.
Legal insurance is tailored to their specific area of coverage, be it work, traffic, housing, or other problems of everyday life, it is only recommended to take this type of insurance policy if your risk is higher than average.
For example, if you drive a lot, you may want to think about getting a legal insurance that many car accidents lead to prosecution of whose fault it actually was.
Those who take a life insurance policy can have very different motivations, it can be designed as a benefit for a family in case of premature death, but it can also serve to investing for retirement or in addition to a pension There are various policies and rates available.
If you are interested in obtaining a life insurance policy, you should consult an expert, however, there are some tips that might apply to most people living in Germany, for example, an insurance policy -Life is very useful for all those who have financial burden to support then they do not have to worry about their loved ones face ruin if suddenly dies the livelihood of the household.
But if you are worried about serious illnesses before retirement, about offering a caretaker in old age, or the amount of your pension, other insurance schemes are thinking more appropriate to pay into a private pension fund, take a nursing insurance, income protection or accident insurance instead.
In Germany, a variety of insurance plans are required when taking Contributions employment to social security in Germany are automatically deducted from your salary by your employer, who shares the costs with you these contributions go to the national unemployment, nursing and pension funds, and either the public or private health care providers.
Work injury insurance is entirely the responsibility of your employer If you get sick, your employer is generally obliged to continue to pay your full salary for six weeks, your health insurance provider pays about 70 of your salary up 18 months.
Sure, you can get additional private insurance policies for illness or disability If you are self-employed, you even have to organize your plan yourself healthcare You can not just go without medical insurance in Germany health insurance is compulsory for everyone if you can t afford a private fantasy scheme, private insurance providers must offer a cheaper basic policy It has the same kind of coverage of public health.
Whether you need help, too, depends on your profession, you can also consider taking out additional insurance in case of accident or chronic illness in this way, the government pension fund, you have something to fall back without depending on government benefits rather meager for the disabled.
In Germany, you can spend lots of money on insurance policies for housing and accommodation Insurance coverage for burglary, as well as all kinds of damage to your property and belongings, is available .
Owners who rent their property should get a special type of liability insurance, also Haus- und Grundbesitzerhaftpflicht If you have an oil tank in your home, an insurance plan in case of oil spill Gewässerschutzversicherung is also advisable.
Kfz-Haftpflichtversicherung cover basic insurance is mandatory for all car owners register a car and get a valid license plate, you must show proof of liability insurance.
Coverage can be extended to damage to your vehicle Teilkasko Vollkasko You can learn more about auto insurance in our guide to own a car in Germany.
We do our best to keep this article up to date, however, we can not guarantee that the information provided are still underway or complete.
Types of insurance in Germany InterNations, Insurance, Germany, the life insurance policy.