Why do I need a personal liability insurance?

Personal liability insurance is one of the most important insurance at all.
According to § 823 of the Civil Code, anyone is liable without limitation for any damage that he causes another fault, with all its assets, whether adult or child. This general liability risk takes on a subscription basis, the liability insurance protects the insured against financial damages so.
What risks are covered by liability insurance?


Personal liability insurance covers damage that you cause (family rates, the whole family) other people. It covers the everyday risks of individuals (eg, pedestrians, cyclists, athletes, owners, tenants or caregiver) and provides for personal, property, assets and leased property. Intentionally induced damage are, in principle excluded from liability. In the event of a claim, the insurer checks whether the claims of the injured party is entitled to compensation. If so, the damage replaced, are not entitled to damages, the claims are rejected or reduced. In this respect, the personal liability insurance is also a passive legal expenses insurance.
Who is covered by liability insurance?

With a liability of the policyholder and its partners and children are insured. The latter reach only so long until the age of 18 or are in training. By small animals (eg bird, cat) caused damages are covered by liability insurance. Many insurers also include domestic workers with one or damages that they cause during an activity in the household.
What should be the coverage?

In private insurance coverage is always a high sense, especially because for personal injury generally high allowances (eg pain and suffering or life annuity payments) are required. We recommend a minimum coverage of € 3 million for personal injury and property damage and at least 500,000 € for financial losses. The contribution of additional effort is rather low.
What is not covered?

Insurance does not cover damage to the insured are to each other or damage that may have been caused deliberately. The same applies to sentences and fines and any damage you have done with a motorized vehicle (fuel, air, water vehicle).
From what I am insured and there is a waiting period?

No, in the private insurance there is no waiting. Coverage begins with the specified in the policy inception.
What to do in case of damage?

If there is a claim, the insurer should be informed immediately. In this case, the circumstances that led to the damage, are presented as accurately and truthfully. Give yourself as much as possible an overview of the extent of damage and take photos of the damaged items. The insurance will take care of processing the claim.
Can children be held liable?

After the Civil Code, anyone is liable to an unlimited amount of its assets, whether adult or child, for any damage caused to other fault. Basically, children are, however, until 7 Birthday before the court as incapable of crime, as long as parents have breached their duty of supervision is not at fault. For use on the road is the responsibility of freedom of the children even to the age of ten. On the safe side, parents, if you include damage caused by their inept offense in children with insurance coverage. Minor children are against co-insured at no additional contribution to the personal liability of their parents.
How do I cancel my existing contract?

In a notice of dismissal, there must be termination of your insurance company within 3 months before the expiry of the contract. Otherwise the contract is extended by one year. An extraordinary right of termination occurs when an insured loss has occurred. After settlement of the claim, you can cancel the contract within one month, either without notice or cancel at the end of the insurance year. Even if the insurance premium increases, there is an extraordinary right of termination. The notice must be received within one month after pledging for insurance.
If a key is lost insured?

The loss of foreign private keys (eg for the rented apartment), or the service key can be locked for many insurance companies to supplement the insurance protection. Not insurable, however, is the key for my apartment or my own house.
What are financial losses and are also covered this?

Under a financial loss means a loss which is addressed neither to the life or health (personal injury) not to neuter the property (property damage) of the victim. Such damages such as lost revenue, lost profits or be bad investments (eg person A causes an accident that injured the person B is, in turn, are just down the road to a lucrative contract, which now does not come).
What is a cover for credit default?

If you damage is inflicted, and replace the damage the damage can not, because he either does not possess its own liability insurance policy or not in a financial position (insolvent) to settle the claim, then under certain conditions, the bad debt cover its own liability insurance in demanding to be taken. Provided however, that this excess risk was included before signing the insurance protection.
What is leased property?

Indeed, the General Conditions in respect of liability insurance damage to rented items excluded. This also applies to rented residential premises. An exception is the extension of liability for damage to rented property unless it is established to prevent damage to the building is related matters (eg damage to building materials, doors, windows, sanitary facilities, to permanently installed carpeting of the landlord). Damage caused by wear or flexible leased items are not insured, however.
What are complacency and damage are also covered this?

A courtesy damage is present when the damage is due to a pleasing action. Famous example of this is, can you help a friend with their move and fall while his expensive Ming vase. Because of your kindness of the friend you can not use to pay damages and the insurance companies are opposed to the regulation of these damages as a rule (within certain limits, you can include some insurers favor the claims in the insurance cover).
If a private insurance for homeowners sufficient?

Yes, because the private insurance also includes the assumption of liability risk as a tenant or owner of an apartment or a house.
Does the private insurance abroad?

In general, the country liability is included, however, both the scopes (global, only Europe and the Mediterranean riparian countries) and the duration (1 / 4 to 3 years) are different from the companies.