🏠 Insurances in Germany “Germans have insurance for everything” – that might sound superficial but it is true.
Table of Contents
- Liability Insurance
- Household Insurance
- Life Insurance
- Accident Insurance
- Repatriation Insurance
- Travel Insurance
- Legal Assistance Insurance
- How does insurance work in Germany?
Liability Insurance
What is liability insurance in Germany?
- Known as Haftpflichtversicherung.
- Covers damages caused to persons or objects.
- Compulsory for drivers.
- Advised for professionals like carers, tutors, and au pairs.
- Renters can also be held accountable for damages.
Household Insurance
- Known as Hausratversicherung.
- Covers damage to home contents or structure.
- Guards against theft, floods, storms, and fires.
- Helps residents bear losses of high-value items.
Insurance Companies
- Bundle theft and damage policies.
- Popular among tenants.
- Often advised by landlords.
Life Insurance
What types of life insurance are there in Germany?
- Known as Risikolebensversicherung.
- Protects against financial consequences of premature death.
- Varied options including fixed-term policies.
- Can be indexed to debts like mortgages.
Accident Insurance
- Known as Unfallversicherung.
- Covers costs of unforeseen events.
- State-covered for employees.
- Residents engaging in risky activities may opt for additional coverage.
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Did you know?
- Specific body parts can be insured.
- Beneficial for certain occupations.
Repatriation Insurance
- Known as Rückführungsversicherung.
- Covers repatriation in case of unexpected demise abroad.
- Essential for international students and workers.
- Often included in travel insurance.
Travel Insurance
Learn more about travel insurance
- Known as Reiseversicherung.
- Mandatory for visa applicants without health insurance.
- Provides coverage across Schengen region.
- Useful for regular travel between home countries and Germany.
Legal Assistance Insurance
- Known as Rechtsschutzversicherung.
- Covers legal costs.
- Policies tailored for specific professions and needs.
- Helps reduce high legal expenses.
Legal Assistance Insurance Policies
- Offered for various professions and circumstances.
- Options for medical practitioners, drivers, self-employed, investors, etc.
How does insurance work in Germany?
- Customers purchase policies for fixed terms.
- Pay regular premiums.
- Health insurance options: state-provided or private.
- Necessary policies vary based on individual needs and circumstances.
