Which insurance do I need in Germany? A guide by life situation

Premiums over two years approach the value of the phone, and simple theft is usually excluded.

High upfront costs mean you lose money if you leave Germany and cancel after a few years.

It protects people who depend on your income.

Without dependants or a mortgage there is nothing to protect.

Your employer keeps paying salary for six weeks of illness, then the health fund pays sick pay.

A daily payment for hospital stays fills no real gap.

A couple policy covers both partners in the same household.

Keeping two is paying twice.

Contents insurance covers burglary and robbery while travelling up to a limit.

It combines saving and life cover, both at higher cost than separately,

and cancelling early loses money.

Useful, but expensive.

Secure the parents' income first, then consider it.

Usually far more expensive than term life with the same sum, and often sold as part of the loan.

Unless you have large glass fronts or a conservatory,

premiums over the years exceed the likely loss.

Your real risk is lost income during long illness, which needs sick pay cover,

not a small daily amount in hospital.

One device is replaced from the business account.

Equipment cover pays off only for expensive kit.

Premiums rise sharply with age and existing conditions are excluded.

Surgery-only cover or savings are often more sensible.

Without earned income there is nothing left to protect.

If your partner is provided for through pension and savings,

the premium at this age is high for little benefit.

Contents or electronic equipment cover with one overall sum handles all equipment in a single

contract.

Such plans usually do not meet the German legal requirements for health insurance and often end

after a fixed period.

Most costs fall in the first years,

so cancelling after a short stay returns much less than you paid in.