What insurance do I really need?

Overview of essential insurances: Which policies are truly beneficial?

Important Insurances at a Glance: Which Policies Are Truly Beneficial?

Which insurances do I really need?

There are many types of insurance, but identifying which are truly necessary can be challenging. Individuals often struggle to differentiate between mandatory coverage, supplementary protection, and optional offerings. This uncertainty frequently leads to questions regarding what is essential and what is superfluous.

This article provides a concise overview of essential insurance policies and key considerations.

Private liability insurance – indispensable for everyone

The private liability insurance policy is considered one of the most important insurance policies available.

It financially protects you if you inadvertently cause damage to others – for example, if you injure a pedestrian with your bicycle or spill a glass of red wine on someone else's property.

We recommend that a modest monthly investment can provide protection against liability claims that could otherwise lead to significant financial hardship.

Home contents insurance – protection for your home

Home contents insurance becomes relevant when your property experiences damage due to fire, water leakage, burglary, or storm/hail.

It replaces, for example, furniture, electronics, clothing, or valuables – at their new value.

Particularly relevant when:

• If you have high-quality furnishings

• If you live in an area with a high burglary rate

• Or simply want to sleep more peacefully

Disability insurance – protecting your livelihood

Disability insurance is particularly relevant if you are dependent on your monthly income.

It kicks in if you can no longer work due to illness or accident, thus securing your standard of living in the long term.

Important for:

• Employees

• Self-employed persons

• Students (early enrollment = lower fees)

Car insurance – compulsory & potential savings

If you own a car, you can't avoid car insurance. Liability insurance is required by law, while partial or comprehensive coverage is optional.

What many people don't know:

The market is large—and switching can be worthwhile!

Comparing rates (e.g., annually in the fall) often saves several hundred euros.

International health insurance – affordable and essential for travelers

If you are traveling abroad—whether for vacation or work—you should take out international health insurance.

This covers the costs of medical treatment, repatriation, or hospital stays that your statutory health insurance does not pay for abroad.

Good to know: Available from just a few euros per year – often as an annual policy.

Conclusion: Which insurance policy is right for you depends on your individual circumstances.

Not every insurance policy is equally important for everyone. While protection against burglary is important for some, securing their ability to work is crucial for others.

Our advice:

Get personal advice—we will be happy to help you find the right policies for your current life situation.

Well informed. Well insured.

In our blog, we provide clear explanations of current insurance topics, offer practical advice for daily life and financial planning, and share insights into our agency's work. We encourage you to explore our content.

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