Koln_Bonn City Guide

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© 2016 Dwellworks Page 9 Köln and Bonn 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.