Protect yourself against liability risks for little money
Accidents can happen quickly. Private liability insurance protects you and your family from the financial consequences. Good plans offer not only basic coverage, but also additional coverage such as loss of keys, voluntary work, and financial loss if the person responsible for the damage cannot pay.Do you already have private liability insurance? Switching can be worthwhile, as modern plans often offer better benefits.
Companies
FAQ: Frequently asked questions about liability insurance
Basics of liability insurance
If you cause damage, you are liable for it – including financially. Example: You are cycling and cut off another cyclist's right of way. The other cyclist falls, injures themselves, and damages their bike and clothing. You are personally and fully liable for both the property damage and appropriate compensation for pain and suffering.If the accident victim is unable to work due to their injuries, they must be compensated for their loss of earnings.
In the case of permanent health impairments, you may even be entitled to a regular pension. Please note: In an emergency, you are liable with your entire income and assets. Without private liability insurance, your financial existence could be at risk.
In the case of permanent health impairments, you may even be entitled to a regular pension. Please note: In an emergency, you are liable with your entire income and assets. Without private liability insurance, your financial existence could be at risk.
Scope of liability insurance
Private liability insurance protects you and your co-insured dependents against third-party claims for damages. Legitimate claims are settled by the insurer, while unjustified claims are defended on your behalf – even in court if necessary. Excluded are penalties, fines, intentional damage, and damage to your own property.The insurance covers property damage, financial loss, and personal injury. Good plans also cover volunteer work and loss of keys.
Make sure the coverage is sufficiently high, especially for personal injury claims, which can result in high, long-term costs. Choose a plan with a coverage limit of at least ten million euros for optimal protection.
Make sure the coverage is sufficiently high, especially for personal injury claims, which can result in high, long-term costs. Choose a plan with a coverage limit of at least ten million euros for optimal protection.
Who is insured?
The insurance covers you as the policyholder, as well as your spouse or registered partner and your minor, unmarried children (including stepchildren, adopted children, and foster children). Adult children are also covered as long as they are in school or immediately following vocational training. Liability coverage also applies during a course of study that begins immediately after completing your studies.An unmarried or unregistered partner living with you in the same household can also be covered upon request. This also applies to your partner's children who are not your own. Furthermore, household employees, such as housekeepers or gardeners, are covered if they cause damage to third parties in the course of their work.
The right contract
Private liability insurance is sufficient for typical claims in your private life. This covers you as a recreational athlete, cyclist, or with a pedelec (up to 25 km/h, max. 250 watts). If you own dogs or horses, special pet owner liability insurance is required. Motor vehicle liability insurance is required for motor vehicles. This also applies if you are a landlord. There are also special liability policies for hunters, boat owners, and owners of multi-family homes.
Topic: Costs
Private liability insurance is available at affordable prices, with fair offers starting at around €50 per year. Our tip: Plans with a three- or five-year term and annual payment are often more cost-effective than contracts with monthly payments and annual cancellation options. Don't want to take any risks and are looking for reliable liability insurance? We compare the best offers on the market for you!
