Personal liability insurance – necessary for refugees, too

What is a private liability insurance?

This insurance pays for the damages you caused and you are liable for.

In the first examples these are the costs for the new car paint.

The liability insurance also helps when someone demands a compensation for damage from you without a reason. This is called legal protection.

In the second example the owner of the smartphone wants a compensation. The insurance helps you to defend against this claim. The insurance takes care of the letters. The insurance also pays for a lawyer, if you need one.

Third example:

You walk over the street. You don´t take a look around. A bus evades. The bus spins out of control and crashes into a tree. Many people are injured. The bus cannot be repaired. Without a private liability insurance you would have to compensate the whole damage on your own. This can be very expensive. In the worst case you pay the rest of your life for it.

Who is insured?

In a family liability insurance the whole family is insured. Children are insured in the family liability insurance until the end of their first apprenticeship.

In the single liability insurance adults can insure themselves alone. You are single, when you are not married.

How high should the insurance sum be?

The insurance sum is the maximum amount that is payed after the occurrence of damage. The insurance sum should be at least 5 million Euro, better more.

In the third example the insurance would pay up to 5 million euros.

What does the private liability insurance cost?

A cheap insurance with good conditions costs approximately 50 to 80 Euro per year.

What to do after the occurrence of damage?

If you caused a damage, you have to inform your insurer not later than within a week.

Important: In no case you should pay immediately. Who pays anyway, risks that the insurance refuses to pay for the damage.