Which insurances do you need in Germany?

Taking out private liability insurance is highly recommended for everyone of all ages. Liability is always possible if third parties suffer damage from you. You should always have liability insurance, because in Germany the following applies in principle: Anyone who causes damage to someone else through carelessness must pay for it. This can happen easily in everyday life. No protection can mean financial ruin!

Tip: Children and adolescents who are still in training or studying and have not yet reached the age of 25 can usually be covered by a family tariff.

In order for you to be able to ride with public road traffic on your motorcycle in Germany, you must take out a motorcycle liability insurance. Motorbike liability covers third-party claims for damages if the driver of the insured motorcycle causes an accident.

In order for you to be able to ride with public road traffic on your motorcycle in Germany, you must take out a motorcycle liability insurance. Motorbike liability covers third-party claims for damages if the driver of the insured motorcycle causes an accident.

In order to be allowed to ride on public roads in Germany, mopeds, small mopeds and scooters need their own statutory liability insurance. This covers personal injury, property damage and financial loss caused by the vehicle. This insurance is valid for one year. The insurance year begins on March 1st of each year and ends on the last day of February in the following calendar year. That is why the insurance license plate for mopeds - unlike a car license plate - is only valid for twelve months and must then be replaced.

In order to be allowed to ride on public roads in Germany, e-scooters need their own statutory liability insurance. This covers personal injury, property damage and financial loss caused by the vehicle. This insurance is valid for one year. The insurance year begins on March 1st of each year and ends on the last day of February in the following calendar year. That is why the insurance license plate - unlike a car license plate - is only valid for twelve months and must then be replaced.

Health insurance is compulsory in Germany. A distinction is made between statutory and private health insurance. Private health insurance usually offers better benefits than statutory health insurance. For example, private insurers often have significantly shorter waiting times and are treated by the chief doctor. However, you can only take out private insurance if you earn at least € 62,550 (as of 2020) as an employee, are self-employed or a civil servant. All others are obliged to take out statutory health insurance.

In the federal states of Hamburg, Berlin, Lower Saxony, Saxony-Anhalt and Thuringia, this insurance is mandatory for dog owners. Dog liability insurance covers damage caused by your dog to other people or their property. Private liability insurance does not cover any damage caused by dogs.

This insurance is important in order to be financially covered in the event of incapacity to work. If you are no longer able to continue with the job you have learned or intend to do in the future due to illness or an accident, the occupational disability insurance pays you a monthly occupational disability pension. This enables you to ensure that you can continue to pay fixed costs such as rent. It is best to take out occupational disability insurance as early as possible. Because when you are young, you are generally in good health and do not have to pay high risk premiums.

This insurance is particularly important if there is a main or sole earner in the family. The survivors are financially covered with a risk life insurance in the event that the main or sole earner dies. Risk life insurance is highly recommended, especially if a loan has been taken out and still has to be paid off. The sum insured should be high enough to cover existing loans and the wage gap resulting from the death of the main or sole earner.

Every homeowner or owner of a condominium should insure his property against natural hazards, because damage can quickly reach several hundreds of thousands of euros and thus become a threat to your finances. Residential building insurance protects you as the owner of a property from the financial consequences of property damage. The entire building with its components, including all permanently installed items, are insured. The basic protection includes damage from the following dangers: fire and lightning, tap water, storm and hail.

This insurance is useful if you have valuable items in your household (e.g. high-quality bicycles, jewelry, electronic devices). The household contents insurance insures all objects that are in your apartment or an associated room - for example in a locked cellar compartment or single garage - against dangers like burglary, fire or leaking tap water. It is paid in the form of a replacement value compensation. This protection should not be missing, especially with high-quality household items.

In every situation in life, people meet and arguments can arise. Legal disputes can quickly cost several thousand euros and before you know it, you face each other in court. Legal protection insurance supports you financially in enforcing your claims in court. It assumes the costs, among other things for lawyers, legal proceedings, witnesses and experts. Legal protection insurance usually works according to a modular principle. You can put together the right protection for you from individual modules. The following areas of life can usually be secured: private life, work, transport, living and renting. For example, if you are an employee and live in a rented apartment, the "work" and "living" building blocks may be relevant for you.

If you fall ill abroad, the statutory health insurance does not cover the costs of medical treatment abroad or only insufficiently. For this, it is highly recommended that you take out a separate travel health insurance abroad. Depending on the tariff, the health insurance abroad also covers the cost of returning the patient to Germany. Without insurance, the costs can quickly amount to tens of thousands of euros.