A household insurance policy is useful for you if you run your household. Fire or burglary can cause a substantial financial loss. Especially if your furniture is precious, or if you have high-quality technical equipment, household insurance makes sense. The same applies if you live in a single house.
Calculate the value of your entire property and consider whether you could replace it out of your pocket in the event of damage. If not, you should take out household insurance.
The sum insured should correspond to the current replacement value of your household contents. Insurers typically estimate 500 to 700€ per square metre of living space. However, if the cost of your household contents is lower or even higher, you can determine an appropriate sum insured yourself. You should regularly check whether the sum insured is still necessary to avoid over- or underinsurance. The insurer will learn your premium based on the sum insured, the tariff zone in which you live and the type of house.
Household contents insurance protects the everyday objects in your private home. In addition to the apartment, the living area also includes the balcony, terrace, outhouse, garage and laundry room. Also insured are valuables up to a fixed height, work and sports equipment, vehicles (e.g. lawnmowers, toy vehicles) and awnings that are mounted on the outside.
The household insurance covers damage caused by fire, lightning, explosion, tap water, burglary, robbery or storm. Risks such as glass breakage or bicycle theft can be included in the insurance policy.
Report the damage to your insurer immediately. The police must be informed in the event of damage caused by burglary, theft or robbery. Have stolen credit cards or savings books blocked immediately. In the event of bicycle theft, inform the police of the manufacturer, make and frame number.