Munich City Guide

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© 2016 Dwellworks Page 7 Munich City Guide
Insurances
Personal Liability Insurance (Privat-Haftpflichtversicherung)
a) Vehicle: An unlimited third party liability insurance policy is compulsory for all cars/motorized
vehicles in Germany. Safe drivers are rewarded by reductions of the premiums. In order to benefit
from this, please provide your insurance record from your previous insurance company.
b) Private: This insurance is optional, but highly recommended. Many landlords will demand proof
of liability insurance before signing a lease contract, since it covers cases of liability for injury or
damage to other persons or their property. Basic or standard coverage is EUR 5-10 million
against injury or damage and EUR 1 million against damage to rented property. Some insurances
offer special premiums for singles.
c) Animal owner: Dog liability insurance is strongly recommended.
Home Contents Insurance (Hausratversicherung)
Household Insurance, covering the contents of your home against fire, water damage, theft,
vandalism and hail is not required by law in Germany. But it is recommended, and some landlords
demand it. It is advisable to insure your home for € 700 per square meter of living space, since
otherwise, you may be underinsured, and the insurance company may not pay 100 % in case of
damage.
Legal Insurance (Rechtsschutzversicherung)
Covers any legal costs you encounter up to a certain limit. And, if you want to counter sue, it will
cover the payment as long as there is a reasonable chance of winning. Legal insurance can be
purchased for different purposes, such as for the entire family, the job, traffic infractions or the
lease of your home.
Recommendable English speaking independent insurance brokers* offering services in
different ways (in person, via email, on-line or phone):
Hoesch and Partner
(offices in Frankfurt, Dusseldorf, Hamburg, Stuttgart, and Munich)
Matthias Heil
Rüsterstr. 1, 60325 Frankfurt
Tel.: 069 - 71 70 7-0
Fax: 069 - 72 73 75
E-Mail: / Website:
Competence Exclusive E.K.
(offices in Cologne, Aachen, Bonn, Leverkusen, and Düsseldorf)
Claus Edam
Klosterstr. 6, 50181 Bedburg
Tel.: 02272 - 4 07 58 34
Fax: 02272 - 4 07 58 35
E-Mail: / Website:
Services of these brokers are offered free of charge and include not only initial consultation but also
the development and presentation of tailored solutions, negotiations of conditions with insurance and
financial institutions, as well as applications, claim settlements, cancellations or changes of policies.