In addition to public social insurance classes, in which participation is generally compulsory, there are also a large number of other insurance classes. They are all voluntary with the exception of automotive liability insurance, which means that you can decide for yourself which of these insurance classes you would like to hold policies in.

Since all insurance policies cost money, you should first think about which ones make sense for you personally and then compare and contrast the offers from the various insurers. Pay particular attention to the details in the contracts, for even if the premiums of a policy are economical, it doesn't mean that it provides the best conditions. For example, you should check which benefits are excluded from the insurance terms and conditions and whether co-payment is required - which means you'll have to cover part of the costs yourself in the event of a claim.

Liability insurance

Liability insurance is among the insurance classes that are particularly sensible. It provides coverage when you or your minor-aged child cause damage to another person without intention or wanton negligence. This is important because even small inadvertencies can cause damage for which you would have to pay your entire life if you don’t have insurance.

Be sure the insured sum covers at least 10 million euros. The insurance will then cover the costs up to the contractual insured sum in the event of damage.

Private accident insurance

You are insured under public accident insurance via your employer. Thus, insurance coverage is provided for accidents incurred at the workplace or on a work-related commute. However, many accidents also occur during personal time. For these cases, conclude a private accident insurance policy.

While medical treatment is handled by public health insurance, you can mitigate consequential financial costs with private accident insurance. This is particularly important with regard to remote damages, such as permanent disability or invalidity. While occupational disablement insurance only pays if you can no longer work at all, accident insurances enters into effect even if you are not completely incapacitated from working. This closes a gap in health insurance coverage.

Household insurance

Household insurance insures everything you have in your house or flat. Furthermore, it also covers some of your possession while travelling, such as a photo camera stolen from your car. The importance of household insurance to you depends upon the value of the things you own. The costs for household insurance are mainly based on the size of your flat.

Defence insurance

No one is entirely safe in a lawsuit. Defence insurance pays the legal and solicitor fees in these cases. Traffic insurance covers legal costs in the event of a dispute arising from road traffic. This makes sense for people who drive very often in particular.

Vehicle insurance

You must have automotive liability insurance for your car or motorcycle. Without this compulsory insurance, you cannot register your vehicle at the vehicle approval office. However, it only covers the costs for damages caused by you to another vehicle.

You'll need comprehensive insurance to cover damage to your own vehicle. There is a distinction made between partial and full coverage. The most economical partial coverage only applies to certain types of damage. For example

  • Storm
  • Hail
  • Flood
  • Fire
  • Explosion
  • Theft
  • Animals

Full coverage pays for all additional and self-inflicted accident damage, as well as for damage caused by vandalism. It especially makes sense for new vehicles.