Huge amount of insurance industry located in Germany the reason is simple Germans are hastate to take a risk and what is the best way to overcome the rise ?insured against everything?Â
There is no any single things that you can’t insured or be insured against it almost everything you can insured in Germany.According to survey almost 20-30 present income Germans are invested in Insurance. So that there is huge amount of ambiguates to taking the insurance its quite difficult to priorities your important insurance.
This is Guide is help to select the most important and compulsory insurance either by law or considered extremely important:
- Health insurance – compulsory
According to the Garman government,The most important thing is to have health insurance for Garman and foreigner living in Germany. This will help cover cases that require care for the elderly.
Interestingly, there are more than 40 insurance companies in Garman and Germany, they offer different types of packages depending on your budget, and the state government also offers insurance.
If you are a self-employed person, a civil servant, a student who earns above salary standards, has no basis for joining the state insurance scheme, and is a student who gives up state insurance, you can choose state or private insurance.
If you are suffering from a serious health problem, you should go to a government scheme under some of the conditions where your insurance is approved to accept a German private scheme. If you want to change insurance companies, you usually use an 18-month insurance period. This can be done by giving two-month notice before the insurance expires.
- Life Insurance
If you are about your spouse and children and think about what will happen if is your sudden death the answer is Life Insurance. Life Insurance gives and financial support after your death to your family. Otherwise, it does not Really need to take life insuranceÂ
It really hard to clearly saying you need to take or not Life Insurance its depends upon person to person choiceÂ
- Personal Liability insurance:
When to ask a German person what is their preferred insurance? You will get a fairly common answer which is personal liability insurance. It is one of the most popular insurances in Germany, in which you can cover your property against accidental damage in case you could damage the damage of others. Personal liability insurance helps you cover this.
Knowing the daily accident rate, damaging your favorite care or bike, or dropping someone off the stairs is common and no one can guarantee your liability.Therefore, in such cases, liability insurance can help finance and most professionals highly recommend liability insurance. It starts at 40 Euros per year.
- unemployment insurance
According to the Garman government, low unemployment insurance is mandatory for all employees in Germany. It helps cover when fired or unexpected problems occur in the workplace and are fired in the office in such conditions.By law, unemployment insurance charges 3% of total monthly income.Basically, unemployment insurance gives you benefits when you are unemployed
- Travel health insurance
Basically, travel health insurance helps with overseas travel and health issues, but you should check with your travel agent first before traveling.No one can recommend traveling abroad without travel health insurance unless you are 100% sure that your home health insurance covers you if you get sick overseas.
Who wants to give expensive treatment to your favorites pets but no worries Pet Insurance helps you to cover when your pet becomes ill or has an accident as well as medical bills.
