THE OPTIMUM SUM INSURED
You are well off with your private liability insurance if you have financial losses covered with 100,000 euros and damage to a rental property with 300,000 euros. To also cover severe damage, the sum insured for damage to property and personal injury should be at least 10 million euros.
Children are also insured without extra charge. Also applies to children of full age as long as they are in education and are not yet married. A contractual clause on the incapacity of children guarantees you that your insurance company will be liable in the event of a claim even without a review of the breach of supervision.
INCLUDE LOSS OF RECEIVABLES
One-third of all German households do not have private liability insurance. To ensure that you do not go away empty-handed in the event of a claim, it makes sense to take out a policy with cover for bad debts. In this case, your insurer will also cover the costs of damage caused to you by someone without private liability insurance.
CANCELLATION AND HOUSEHOLD CONSOLIDATION
As a rule, when changing insurance, the old contract must be cancelled three months before expiry. Otherwise, it is automatically extended by one year. If you move into a shared flat as a couple, the younger policy can be cancelled without notice. The more extended existing contract is continued. Please note, however, that there is no liability between them if you have a joint policy.