Haftpflichtversicherung a.k.a. Liability Insurance – a must have in Germany
Have you ever come across the word “Haftpflichtversicherung” since you’re living in Germany? I hope you have! Because the “Haftpflichtversicherung”, in English “liability insurance” is definitely one of the most important insurances in Germany and an absolute must-have. Let’s first of all clarify what this insurance is about and why you should have one.
What is “Haftpflichtversicherung” or Liability insurance?
Per definition a liability insurance protects you from the risks of liabilities imposed by lawsuits and similar claims. Sounds complicated? Simply put, a liability insurance covers you in case you are held legally responsible for a negligent bodily injury or property damage. Here are some examples:
- You’re bumping into someone at a bus stop and the person’s mobile drops to the ground, breaking the screen of the phone. You would be obligated to offset the damage. Fixing the damage or a new phone can easily cost you 500 EUR or more.
- You’re cooking at a friends house and by accident you’re dropping a heavy mug on the ceramic glass cooktop damaging the cooktop. This can also easily cost 500 to 1,000 EUR….
- You run over a pedestrian with your bike and the person breaks his/her leg. The treatment costs can easily run into thousands of Euros and you would have to pay for it! Not to mention permanent injuries and the financial obligations for that…
So as you can see, the liability insurance is an important, if not the most important, insurance in Germany. It is important to mention, that a liability insurance does not cover liabilities from injuries/damages caused while you are driving a car. For that you need a car insurance which is obligatory in Germany when you register a car.
At a glance – Liability Insurance Germany Overview
Below you will find a summary of liability insurance providers in Germany that offer good value for money and are easy to deal with.