The right choice of insurance is the key to effective savings. But how to understand all the nuances if you are not an expert in the field of insurance in Germany?
There is a risk of purchasing what you want really нnot required, and as a consequence, spend extra money.
In my practice, there are often cases when people have insurance that they absolutely Not needed. However, they have to pay for them.
How to avoid overpayments and choose suitable policies
Name the insurance useless possible if she does not suit your situation and does not solve your problems.
It's important to understand the world of insurance to avoid overpaying for unnecessary policies. let's consider 10 types of insurance, which often turn out to be unnecessary:
1. Insurance "Road assistance Pannenhilfe-Versicherung"
Why might it not be profitable?
2. Home contents insurance Hausratversicherung
Why might it not be profitable?
3. Personal liability insurance
Privathaftpflichtversicherung
Why might it not be profitable?
Personal liability insurance Privathaftpflichtversicherung, in which there are no points that concern keys, property in the rented apartment Mietsachschäden. And also if not bad debt coverage (in case the person who caused the damage does not have their own insurance or finances). In addition, pay attention:
- Insured amount from 20 million euros to ensure sufficient protection.
- Possibility of including glass cover and insurance against loss of keys.
- Deliktunfähige Kinder liability coverage for children under 7 years of age who are legally incompetent.
- Gefälligkeitsschäden - a recommendation to include protection against damage caused during the provision of assistance to avoid financial losses to friends and acquaintances.
- Covers damage caused by opening a car door if you are a passenger (or your child), preventing the driver from being downgraded to a driver's SF class when the damage is paid.
4. Pension insurance Riester-Rente
Why might it not be profitable?
5. Comprehensive insurance
Why might it not be profitable?
6. Long-term contracts
Why might it not be profitable?
7. Bicycle insurance against theft only
Why might it not be profitable?
8. Risikolebensversicherung
Why might it not be profitable?
Requires careful analysis to determine the need for a specific situation. Consider life insurance as part of your overall financial security strategy.
9. Disability insurance
Why might it not be profitable?
Not always necessary and may be redundant in some cases. Analyze your situation and risks to make an informed decision
10. Mobile phone insurance against damage and loss
Why might it not be profitable?
