Motor insurance – comprehensive cover and third party liability

Motor vehicle insurance – Every motor vehicle owner must take out motor vehicle liability insurance. However, the statutory motor vehicle insurance is only a cover if you cause damage to third parties in road traffic. A defect of the own vehicle or a cost assumption, 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.

Car insurance: comparison, benefits

For older vehicles, comprehensive insurance is not mandatory. The situation is different if you drive a new car or have opted for a very high-priced vehicle. Comprehensive insurance is a voluntary supplementary insurance that covers self-inflicted damage and helps with damage caused by game, theft and vandalism. If you cause an accident, the damage to the other party is settled via the liability insurance and your premium increases in the following year. You can only claim cost coverage for damage to your own motor vehicle if you have opted for comprehensive cover and thus for claims settlement for your vehicle.

With comprehensive insurance, you save money by opting for a deductible and including the deductible in the comparison. Comprehensive cover is recommended for new vehicles and high-value used cars, so that you are not faced with a financial loss and costly consequential problems if the worst should happen. For both insurances, your no-claims class, your age and the number of accident-free years as well as your place of residence are decisive criteria for the calculation of the insurance premium.

Further information on the subject of insurance

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 protection for your family. 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.

Motorcycle Insurance

Use the new registration of your motorcycle to switch to a low insurance rate and get maximum performance for the smallest premium. If you already have a motorcycle insured and want to save, pay attention to the cut-off date and make the insurance change with notice on 11/30. Some policies include a clause that binds you to your chosen motorcycle insurance policy for an entire season and basically allows you to switch only after the season is over. In order to secure yourself properly and flexibly from the outset, you should choose your motorcycle insurance carefully and on the basis of comparisons.

• All about motorcycle insurance.