The kind of insurance in Germany you will subscribe to might not be the first thing that comes to mind when planning to move here, but it is utmost important to plan ahead some coverage. Life is a bitch and you never know what it has in store for you so a good coverage makes sure you are not left penniless after something happens. Some may differ from what you know from back home so i made an overview types of insurances you can subscribe to in Germany.
List of possible insurance in Germany:
Your health insurance in Germany. I have made a dedicated page to see here. You can be public or private insured and you might need to subscribe to a complementary insurance for costs like heavy dental surgery for example.
It can be translated to insurance for personal liability. The only one in this list apart from health insurance that you should be sure to have. It covers you from all the little accidents that can happen every day to you as an individual. Example: You drop your favorite iron from your balcony and lands on the head of your friend Klaus, who happens to pass by to pick up his favorite dress. If you don’t have any Haftpflichtversicherung, you might have to pay for any costs resulting from this accident to your friend Klaus. Subscribe to this insurance, it is UTMOST important. It is cheap and covers many potential liabilities. You can find good rates for that on Preisvergleich.de.
That insurance will cover every item you own in your flat or house like your furniture or your TV set. It might come handy when you have finally gathered all those precious antiquities from the flea markets around Berlin. It covers your belongings in case of fire, water damages and theft.
Unfortunately, the Hausratversicherung doesn’t cover broken windows in your flat, this will do the trick. It might be useful if you live in a place with large windows. However some Hausrat do have protection against broken windows, for a slightly higher fee.
Car insurance – Kfz-Versicherung :
This is your car insurance in Germany that can be more or less extensive. I have made a more detailed guide about this on this page. It will help you decide which insurance is best for you and give you tips on how to get the best deal to save money.
Literally “ law-protection-insurance”, this will cover you from any procedural fees you might have to pay when resolving a dispute in court. If you feel that conflicts with your landlords or neighbors might arise, it could be wise to subscribe to such insurances. There are policies covering personal risks or professional risks. You might also need protection in your professional life as well. Doctors have often that type of insurance in case their make a medical error and they have to face it in court. If interested, Preisvergleich.de can (again) help you to find the best rates.
Your life insurance in Germany. You never know what comes around the corner for you in life, do you? This will make sure that the people you love have enough resources while you are in heaven looking over them. You can pick policies that cover you for 15, 20, 25 or more years through your life. This is something people tend to subscribe to when they have children or get married.
Your accident insurance in Germany : this will make sure that you have enough financial means in case you become you become permanently handicapped after a grave accident. This is really relevant if your job is depending on your ability to move or use strength.
If you get far enough to buy your own flat, you will need that to cover the actual building where you live in. It covers walls, roofs and basement. This is also important if you rent your flat out. Your tenant’s insurance doesn’t cover the walls he is living in.
I can not stress enough how important is it to have some sort of coverage. Living on the edge can be fun until you must pay 5000€ to your neighbor because of water damages caused by a flimsy washing machine (true story, it happened to me).
Tip : If you want to have a look at prices and compare plans between insurance companies, i would suggest to have a look on the price comparison website Preisvergleich.de. They specialize in comparing prices. Maybe worth a look for your Haftplichtversicherung or Hausratversicherung at least ?