You should take out this insurance
Insurance companies sell insurance for all situations in life. There is hardly anything that cannot be insured. But which insurances are mandatory, which are required and which make sense?
Insurance that everyone must have
In Germany every person is obliged to have one Health insuranceto have. This can be either a legal or a private one Insurance be. Since private health insurance premiums can rise significantly as you get older, you should only take out this if you can afford it. If you do not have health insurance, you will only be treated in special emergencies.
There is also one for drivers Liability insurance for a motor vehicle required. You can also optionally take out partial or fully comprehensive insurance.
If you are employed as an employee, you automatically pay into it legal pension insurance because the contribution is deducted from the monthly salary. For self-employed people, only some professional groups are obliged to pay into this statutory insurance, such as craftsmen. Other self-employed people can pay contributions voluntarily.
Important insurance, but not required by law
In addition to these compulsory insurances, there are some additional insurances that every person in Germany should have. First of all, this is private liability insurance to call. It is so important because it protects against potentially existential threats Cost can protect you in the event that another person is harmed through your own fault. Almost all major insurance companies offer personal liability insurance, which can be taken out for as little as €5 per month.
Homeowners need one Homeowners insurance, which protects a property from damage caused by storms, fire, lightning or hail. You can take out this insurance from Gothaer Versicherung, Allianz or Axa, for example.
Stopping life insurance is definitely a better solution than buying it back. …
One always makes sense Travel health insurancewhen you are abroad. This also applies within Europe, as statutory health insurance either completely or only partially covers the costs of return transport from abroad. Privately insured people usually only need this foreign insurance after a longer stay abroad. The Munich Association or Travelsecure offer these insurance policies, for example.
One Occupational disability insurance can also be useful. Not only craftsmen can become unfit for work, today people also become unfit for work for psychological reasons. The legal one Disability pension is often not enough to live on. Self-employed people in particular should protect themselves in this regard. Such insurance is offered by various financial brokers, such as Hoesch & Partner or Zeroprov.
As a dog owner you should have one Dog liability insurance which is even required in some federal states. It covers the costs of damage caused by a dog. This insurance is available from the liability insurance company.
One Term life insurance However, it can make sense for people who have a family as the sole earner or who have taken out a home loan. In the event of your own death, this insurance provides financial protection for your surviving dependents. Insurance companies offer: Hannoversche, Huk 24 or Cosmosdirekt.
One Insurance for daily sick pay can be useful for self-employed people or high earners with high monthly living expenses. In the event of loss of earnings, it helps to cover ongoing costs, which often cannot be covered by normal sick pay. You can find good insurance through the ACIO comparison portal.
Some insurance policies are a must for everyone, others are very useful depending on your life situation. Here you always have to look at the individual case and consider whether insurance should cover a real risk.
