There are so many insurances here in Germany that it’s just overwhelming to think about all the things that might happen that could ruin your position. Being insured is more than a good way to have a piece of mind. Here are the 4 insurances you cannot go without in Germany.
Third-party Private Liability Insurance
This insurance it is a must for everyone! It will cover you in case you or yours cause damages to someone else’s property. For example, if you or your children damaged something at a store you would be legally binding to pay for damages. “Please note that dogs and horses must be insured separately and are not included in a single or family policy.”
Household Contents or Home Insurance
This is also a must here in Germany. If your home burns or get burglarize this is a good insurance to have. The coverage includes the risks of fire, burglary, storm damage, water damage and/or vandalism. Ask for details of what and how much is covered when purchasing this insurance.
Legal Assistance Insurance
Lawyers are expensive, here in Germany is no different. If you are ever in the need of legal assistance because of a dispute or employment, it is good to know that at least you are covered.
This insurance covers the costs of your own attorney, court fees, and witnesses, costs of the opposing side if you lose the case and bail outside Germany.
Annual Travel Insurance
Things can change very quickly; having traveled insurance will ensure that you do not lose all of your precious vacation money when the unexpected happens. Travel insurance will also cover any medical expenses while in your travel (German health system).
An annual travel insurance package will normally include the following benefits: Travel cancellation insurance, trip curtailment insurance, travel health insurance, and travel luggage insurance.