Household contents insurance – burglary, theft and vandalism or fire damage can damage you from one moment to the next in such a way that you cannot afford the costs for the new acquisition of the household contents “just like that”. With a household insurance you prevent for the emergency and exclude that destroyed or stolen furnishings lead to financial ruin. It is not for nothing that household insurance is one of the most important private insurances that you should take out as an owner and tenant alike.
Since there are serious differences in the tariffs in the area of cost coverage, you should pay the utmost attention to the insurance benefit and its scope before concluding the contract. In general, household insurance covers water and fire damage, explosions, burglaries and thefts. All common household items, clothing, technology and consumer goods are insured.
With most insurance companies, you can additionally insure increased risks, which is worthwhile, for example, if you own aquariums or bicycles that are stored in the basement. Damage caused intentionally, theft when the door is inadequately secured or open, damage caused by earthquakes and all contractually excluded external influences are not insured. In order to be reimbursed by the household insurance in the event of a loss, you should not underinsure your household contents under any circumstances. It is advisable to choose a tariff based on the square metres of the house or apartment and in this way obtain security in the event of an insured event and the associated damage to your household contents.
In the insurance industry, a distinction is made between compulsory, necessary and recommended insurance. Health insurance, like long-term care insurance, is one of the contracts that every German citizen is required to take out by law. If you finance a house, further insurances can be added, by which the bank and you are secured. Learn more about insurance.
Commercial insurance
Every company should have the best possible cover for its inventory and damage to third parties. As an entrepreneur, you bear numerous risks, so you should not do without commercial insurance under any circumstances. If your employees cause damage to customers or contractual partners, this can lead to high claims for damages. Commercial insurance covers a variety of risks and can therefore be optimally tailored to your needs.
More about buildings insurance.
Legal expenses insurance
There is a difference between being right and getting right. Even if you feel you are in the right and are sure that the law is on your side, a lawsuit without legal assistance can have the opposite effect and, on top of that, lead to high costs for you. With legal expenses insurance, you protect yourself from financial constraints and can always seek legal advice and be represented by a lawyer before ordinary courts. If you are financially secured in the event of a dispute, you do not have to “give in” for cost reasons and have the opportunity to demand your rights.
Learn all about legal expenses insurance.
Homeowners Insurance
As a property owner, you should be insured against all eventualities. Homeowners insurance is one of the basic coverages that pays out for damage caused by environmental factors, for example. If your roof is covered by a storm or your house is damaged by fire, this can lead to loss of livelihood and your financial ruin without a powerful buildings insurance policy. If a tree falls on your property and hits your home, the damage and its subsequent costs are often immense. With homeowners insurance, you get the benefit of being covered for all eventualities and protected from the material damage.
All about homeowners insurance.
Risk insurance
Have you bought your own home and opted for low-cost financing? Even if risk insurance is not required by the bank based on your credit rating and other collateral, you should provide coverage with your family in mind. To protect your family from financial risks and the loss of the property, you can take out insurance in a number of ways. One of the best known and most suitable risk insurances is the term life insurance.
All about term insurance.
Automobile insurance
Every car owner must take out motor liability insurance. However, the legally required motor vehicle insurance is only a cover if you cause damage to third parties in road traffic. A defect in your own vehicle or a cost coverage, if your car is stolen, are not covered by the liability. In this case, you should opt for fully or partially comprehensive insurance and exclude the possibility of paying high costs yourself, which could lead to financial bottlenecks. Since the premiums and benefits differ between the individual providers of a car insurance, you should compare comprehensively and choose the most favorable conditions for you.
