What insurance do I need?

 Insurance is important. But not every insurance is suitable for every life situation: Singles need different policies than families. If you are well informed before signing the contract, you can save a lot of money and trouble.

The essentials in brief:

• Liability insurance is essential for everyone.
• Policies that only cover minor damage can usually be dispensed with.
• Bids from multiple companies should be obtained prior to entering into or extending a contract.
• The choice of further insurance cover depends heavily on the individual life situation.

On average, Germans spend more than 2,000 euros per year on insurance. Nevertheless, many people are by no means well-armed against damage or losses. It is crucial that your own insurance cover is checked regularly, adapted to your own life situation and that risks that threaten your existence are properly insured.

Policies everyone needs

The insurance cover should always insure a "GAU". This means that the "greatest imaginable accident" must be secured in any case. In any case, this includes taking out private liability insurance in a sufficient amount: Anyone who causes damage to others must expect claims for damages. And that can be expensive, and in extreme cases even threaten your very existence. It also makes sense to insure your own household contents , since many private households cannot afford to buy a new one after a fire, major water damage or devastated inventory after a burglary, for example.

Individual protection

Anyone who is expecting children, for example, should think about additional protection for the family. A life insurance policy, for example, protects family members financially in the event of their own death. With disability insurance, insured persons can protect themselves against permanent loss of earnings due to illness or accident. Anyone who owns their own home cannot do without homeowners insurance . As an addition to residential building insurance, it is also advisable to take out elementary damage insurance.

Superfluous insurance

Policies that only cover minor damage, such as luggage insurance, can be dispensed with. The loss of a suitcase can usually be easily replaced. Glass, death benefit and private unemployment insurance are also dispensable. Extra device insurance for bicycles, mobile phones, laptops or glasses is only worthwhile for extremely expensive purchases.

Always multiple offers

If insurance is to be taken out or reassessed, an insurance intermediary is not necessarily required. Because insurance products are often taken out that are unnecessary or more expensive compared to other providers. Costs and aggravation are saved by finding out for yourself which types of insurance are available and which ones you need. Therefore, offers from several companies should be obtained before entering into or extending a contract. Important here: not only compare the costs, but also pay attention to the option of terminating and paying as annually as possible, as well as to the scope of insurance and possible exclusions.

Additional insurance: who needs what?

The choice of additional insurance cover depends heavily on the individual life situation. The following insurance policies are very important for the groups of people mentioned:

Singles, married couples, registered partnership and unions

family with children

single parent

Pensioner

Insurance tips

• Any insurance coverage should cover the worst possible accident. This includes death, disability and causing damage.
• Before concluding the contract, be sure to have the entire insurance documents, including the insurance conditions, handed over and read them thoroughly.
• Every policyholder is entitled to consumer information. This also includes the instruction on the right of withdrawal.
• A so-called product information sheet must be made available to each policyholder. This must contain the main points of the contract on the insured risk, premium amount, exclusions, obligations, term and termination options and offers a good overview in the jumble of documents.
• Never sign insurance applications immediately after speaking to an insurance broker. It is better to request comparative offers before signing. Assistance is available from the insurance advice service of the consumer advice centre.

Lokasi:

Berbagi :