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Berufsunfähigkeitsversicherung

Berufsunfähigkeitsversicherung:

Before approaching further with the types of Insurance to have in Germany, we must develop a clear concept of Insurance. Pretty sure you have heard of the joke, “Germans have insurance for everything!”, it may sound like a hoax but it’s true. So, insurance is a set of documents that protects against a possible eventuality. If you plan on spending more than 6months in Germany for study or job-related purposes, insurance is inevitable. Even though there are a few mandatory ones and others optional, you must give it a thought.

Different types of Insurance to have in Germany

Health Insurance (Krankenversicherung)- Health insurance ensures that you’ll receive coverage for the medical bills and hospital visits.

Occupational Disability Insurance (Berufsunfähigkeitsversicherungen)- This allows you receive an income in case of an unforeseen event of disability.

Automobile/Car Insurance (Autoversicherung)- Almost every individual with a vehicle must take out automobile/car insurance. Before registering your car in Germany, you need to provide automobile liability insurance.

Life insurance (Lebensversicherung)- Life insurance covers your family and those you care about in the event of your death. If you have people in your life who are financially dependent on you.

Liability Insurance (Haftpflichtversicherung)

In Germany, Liability insurance covers the cost of damages that policyholders cause to objects or for that matter persons.

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