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Insurance in Germany

Insurances are generally not fully understood in all the aspects a costumer should.  Costumers understand only the general part of what insurance is and the rest they do not care about or the information is simply unavailable.

What is insurance? Insurance is a contract in which two parts are involved, one is the insurance company and the other is the insured (person who pay for the insurance). By the a payment from the insured to the insurance company, the company must, according to law, compensate or pay an amount of money to the insured as long as the points in the insurance contract can be fulfilled. The insurance contract can be acquired for anything unless the law says otherwise.

We already know what an insurance contract is. And we can begin by saying that the future insured must have some things in mind before contracting insurance, for example a lot of people just don’t read the contract, be sure to read the contract really carefully and examine the part you think have a floating point. Of course be sure that the contract says what the insurance company is offering you.

Always be careful and read with accuracy all you sign.

We are going to explain 5 types of insurances:

Home Insurance
There are two kinds of home insurance: building insurance and contents insurance. The former applies to the building itself while the latter to the contents in the building, remember always that the price of one would not be the same as the other, and another thing is that you might buy them as a package, but we recommend you to buy them separately, because them would show its real price.

Car Insurance
There is a variety of car insurance programs that cover you from car accidents, medical conditions and physical damage. Depending on the coverage plan you chose you can get all benefits or just a part of them.

Life Insurance
It is generally acquired by someone who wants to protect his/her family in case of death. Life insurance generally covers the life of the person who provides more money in the house in order to benefit the family when it is left alone.

Travel Insurance
Travel insurance provides you with safety when traveling, imagine that you go for a trip overseas and you get sick or robbed, this is the time when travel insurance is important, because it covers all kinds of eventualities that may take place during your trip, if you get sick you can get medical attention, if you get robbed you can get a money refund.

Health Insurance
Matter of fact this is one of the most common insurances because most people have one. But there are some people that don’t care or don’t have the money to get one. It is the most common, like we said before, but it is also the most important one. You need Health Insurance to have a life less worries and stress.

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