Want to insure your bike/e-bike against theft?
Both Coya and getsafe offer home contents insurances which also cover your bike up to 5,000 EUR!
Home Contents Insurance Germany (Hausratversicherung) – Protect your stuff!
Last update: 3 February 2021
Unlike the private liability insurance, the home contents insurance is not an absolute must-have… However it is definitely an insurance that you should have. Wondering what this home contents insurance, or in German “Hausratversicherung”, is about and why you should get one? Don’t worry… below you will find a brief summary of the most important facts about home contents insurance in Germany as well as an overview of insurance providers that offer a great value for money. So let’s get started!
Table of Contents
What is Home Contents Insurance or “Hausratversicherung”?
Simply put, a home contents insurance helps you to protect your possessions from robbery/theft, vandalism, water damages, fire damages and/or storm damages. Here are some examples to illustrate what is covered:
Somebody breaks into your apartment and steals your laptop and TV, or even worse also damages your furniture whilst searching for valuable goods. This can easily go into thousands of Euros…
There is a fire in your house/apartment. No need to explain what that means…
Your washing machine has a defect and floods your apartment, damaging your electronic devices and your furniture. This can also get very expensive!
There’s a heavy storm that devastates your apartment. The damages to your personal goods would also be covered by a home contents insurance.
You get why it’s worthwhile to have this insurance, right? 😉 In a nutshell this is what is covered in a home contents insurance:
Electronic devices (e.g. laptop, TV, iPad, etc.)
Furniture (incl. carpets and decoration items)
Clothing, shoes & accessories
Valuables (e.g. jewelry or cash)
Home Contents Insurance Germany – Good Insurance Providers
Below you will find a summary of home contents insurance providers in Germany that offer good value for money and are easy to deal with.
Coya is quite new to the insurance market and offers innovative insurance services especially to younger people. Coya has different home contents insurance packages (basic, plus, premium) starting from 1.79 EUR/month. You can get your insurance policy from Coya directly online within a few minutes and without any paperwork at all. You can upgrade the home contents insurance to the plus (e.g. incl. theft of bags up to € 1,000) or premium (e.g. incl. coverage for your belongings outside your home) package. And you can also add a bike theft or glass damage upgrade to your home contents insurance. Of course they also offer their service in English.
Home contents insurance starting at just 1.79 EUR/month Service available in both English & German Optional bike theft & glass upgrade Manage your insurance policy completely online (no paperwork) No fixed duration, can be cancelled at any time
Getsafe is an insurtech that was founded in 2014. It is their mission to provide insurance services completely online. Forget about paper-based processes, with Getsafe you can easily manage your insurance policy digitally via the Getsafe app. The insurance covers damages caused by storm, fire, water and burglary and starts at 2.99 EUR/month. Gross negligence is covered and there is a worldwide protection. You can add optionally upgrades for bike theft and glass damages. You can easily get your Getsafe home contents insurance online within 5 minutes and their website/app is available in both English and German.
Home contents insurance starting at 2.99 EUR/month Service available in both English & German Optional bike theft & glass upgrade Manage your insurance policy via app No fixed duration, can be cancelled at any time
The US-based insurance company Lemonade, which entered the German market in 2019, offers home contents insurance at a very competitive price. Monthly rates start at 2.00 EUR and all of their services are offered in both English and German. Unlike other insurers, Lemonade offers a special add-on that gives you protection against theft anywhere in the world. For an average of an additional 2.00 EUR a month, your important belongings (including your bike) are safe – even if you’re abroad for up to three months. All items with a value of up to 5,000 EUR are automatically covered by the home contents insurance (items above this value need to be added to the policy separately and can be easily processed by the Lemonade team). Lemonade’s innovative app allows you to customize your insurance instantly (e.g. change your coverage or choose a deductible). Claims settlements are supported by artificial intelligence, which means they can be handled rapidly. Furthermore, there is no minimum contract duration and you can cancel your contract at anytime.
Home contents insurance starting at 2.00 EUR/month Services available in both English & German Unique add-on that offers protection against theft Innovative app powered by AI No fixed duration, can be cancelled at any time
So as you can see, a home contents insurance is a component in your insurance portfolio that definitely makes sense as it protects your personal items in your apartment (and outside, e.g. your bike) at a reasonable price.
Disclaimer: This article reflects my personal opinion about the above mentioned insurance providers and their offered policies. I am not giving insurance advice nor am I working for the above mentioned companies. However the article contains affiliate links, meaning I earn a commission if you use those links.