Supplementary Insurances

What types of insurance do I need?

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In addition to the five compulsory social insurance schemes (medical, long-term care, pension, accident and unemployment insurance), there are other types of insurance one can apply for in Germany. These are optional, even though the word "compulsory" ("Pflicht") may sometimes appear in their titles, e.g. in the "liability insurance" ("Haftpflichtversicherung"). Most of these optional insurances protect you against financial risks. Depending on the life situation you are in, some of them may be useful.

What types of additional insurance exist?

Private liability insurance

Household insurance

Cellphone insurance

Motor Vehicle Insurance

You have to pay close attention to the terms and conditions of the insurance contract, particularly if you are applying for private insurance. Often suppliers lure the customers with reasonable prices and then limit their services. Some insurances are unnecessary or cost too much. If you do not understand the details of an insurance contract, you should definitely consult someone who does. Once you have signed the contract, you are obliged to pay the fees, often over an extended period of time. You can benefit from insurance counselling at the Consumers' Center.

Important

Private insurances are optional, but they can be quite crucial depending on your life situation. The car insurance is mandatory if you have a car or motorbike.