Important insurance: You need this insurance
Among the multitude of possible insurances, there are also those that are important and that everyone should have. We have summarized for you which insurance you need in this article.
You need these important insurance policies
There are some insurance policies that are compulsory. There are also some that everyone should have.
- Health insurance is compulsory in Germany. The law stipulates that everyone must be covered by statutory or private health insurance.
- For everyone who owns their own property, residential building insurance is also compulsory.
- The occupational disability insurance as well as a travel health insurance are just as useful.
- Life insurance policies are no longer worthwhile in most cases.
- Mobile phone, luggage and glasses insurance are now just as unnecessary. You can cancel glasses insurance that has already been taken out.
- If you own a vehicle, you should take out motor vehicle liability insurance accordingly. For example, if you buy a used car and take out motor vehicle liability insurance too late, this can result in a fine.
- Statutory pension schemes are mandatory for everyone who works. The pension insurance contribution is automatically deducted from the salary each month. Midwives and crafts are compulsorily insured. The self-employed, on the other hand, can pay voluntary contributions.
Other important private insurance policies
In addition to health insurance, motor vehicle and pension insurance, there are other insurance policies that cannot harm.
- Personal liability insurance can protect you from very high costs if someone should be harmed by your fault.
- Travel cancellation insurance is an advantage if you are planning a long-term trip and then cannot travel due to illness or other reasons.
- Dog liability insurance is suitable for all dog owners. Because if someone is damaged by your dog, there is a high cost.
- Daily sickness benefits make sense for the self-employed. Because if you no longer have any income due to illness and receive no daily sickness benefit from your health insurance, the sickness allowance can at least partially cover your required income.
In our next practical tip, you will find out whether household insurance is worthwhile.