“Germanshaveinsurancefor everything”- that might sound superficial but it is true. German insurance system offers a wide choice of ways to ensure your security be it a household, liability, accident, travel or life insurance. For foreigners, there would also be an option to get a repatriation insurance in Germany. You might not need to use them all, but this guide will introduce the insurances your should know about and explain why they may be essential. Known in German as Haftpflichtversicherung, liability insurance refers to policies which protect the holder against claims by others Liability insurance in Germanycovers the cost of damages that policyholders cause to persons or objects. Because the German legal system holds individuals accountable for almost all damages, it isa very popular form of insurance for professionals like carers, tutors, and au pairs. It may also be taken out by students renting apartments, who are concerned about damaging the property of landlords or neighbors. Car insurance is a common variety, providing some degree of protection should you become involved in an accident. As with many countries,car insurance is actually one of Germany's compulsory insurances, and every driver will need to be insured before they can hit the road. However, there are other common forms. Many au pairs are advised to take out liability insurance when they arrive. That way, they can protect themselves against claims for damaged property at their host's home (which is bound to happen if employees aren't covered). In Germany, renters can also be held accountable for damages caused to other people's property. So, if your washing machine leaks into the neighboring flat, you could be liable for repair costs. Household Insurance (or "Hausratversicherung") involves policies that cover damage to the contents or structure of the holder's home This type of insuranceshould cover events such as flooding, storms, and fires, and it provides coverage for both the home and possessions within. With a good household insurance in place, you will be guarded against theft, at least to some extent. While insurance can't stop intruders accessing properties, it makes the losses easier to bear. This can be crucial for residents who are dependent on their high-value devices computers or smartphones. Perhaps. While Germany isn't a dangerous country at all, burglaries have increased slightly in the past few years.With an annual home insurance cost of€50-60in many cases, it's an expense many people are happy to make to secure peace of mind. In Germany, insurance companies will often bundle together policies for the theft of possessions with those to deal with damage caused by the holder. This makes home insurance polices a popular investment among tenants, and your landlord may well advise that you take out a policy upon arrival. Life insurance ("Risikolebensversicherung") deals with unforeseen risks that could end the holder's life prematurely Without getting too morbid, it's generallytaken out by those with high net wealth, and who want to shield their family against the financial consequences of an early death. If you're moving to Germany on your own, or you're a couple with no dependents, then life insurance may not be a priority. But it can be a sensible precaution for families. When it comes to life insurance, Germany offers quite a varied portfolio of options. This includes plenty of "life insurance" policies, named so as they are purchased for fixed terms (such as 5, 10, or 20 years). These policies can be ideal for those who are moving to Germany for a set period, or who aren't sure how long they will remain in the country. You can also index life insurance to debts such as mortgages. In this case, premiums will reduce as the mortgage nears completion, ensuring that loved ones aren't left with a huge obligation should the worst happen. Accident insurance (Unfallversicherung) protects holders against unforeseen events that result in subsequent costs These could be costs to repair equipment such as vehicles or to fund long-term medical costs that aren't covered by health policies. In Germany,all employees are covered by relatively generous accident insurance. If incidents occur on your commute to and from the workplace, or you are the victim of a workplace accident, your treatment and lost earnings should be covered. However, that leaves a huge amount of potential activities that aren't covered by the state. For example, residents who play football, want to explore the Alpine slopes, or have a passion for mountain biking may want to take out an accident policy. Did you know that in Germany, it's also possible to insure specific body parts such as eyes or fingers, which could be beneficial for certain occupations? Or in German, "Rückführungsversicherung", supports holders in the most unpredictable event of one’s life Being a type of accident-related insurance, repatriation insurance offers its holders a more specific coverage for the worst-case scenario, an unexpected demise in a foreign country. Although it deals with a very sensitive topic,repatriation coverage is extremely relevant for international students and workers living abroad. The repatriation insurancecovers the repatriation of the body in case of death. This coverage may be included in travel insurance. However, when the travel insurance expires you are no longer protected. Learn more about the travel insurance, also known as "Reiseversicherung" in Germany Travel insurance is a mandatory requirementwhen applying for a German visaif those arriving in Germany haven't taken out a health insurance policy. So, many people visiting for academic terms or short-term positions will find it necessary to find a travel insurance policy. With their travel insured, international visitors can feel free to explore the rest of Europe without worrying about lost luggage or flight cancellations. Moreover, German health insurance policies usually won't reach across borders, but good travel policies will apply across the Schengen region. Travel insurance also makes it easier to hop between home countries and Germany. If visitors plan to regularly visit relatives back home for Christmas, birthdays, or other special occasions, travel policies will guard against canceled flights and luggage mishaps. Travel insurance policies can be purchased with different terms, and often represents a useful alternative to full-blown health insurance in certain cases (where a residency or visit to Germany is rather temporary). This type of insurance, in Germany known as "Rechtsschutzversicherung", covers legal costs in case you need a lawyer Germans have a high level of respect for the legal profession, which isn't too surprising in a nation centered around order and correct procedure. As a result, should you require legal assistance while in Germany, the quality of advice will be uniformly high. It's unlikely that you'll need to worry about unscrupulous operators over-charging, but there's no denying that legal costs in Germany can be high. So, legal assistance insurance is a solution that may apply to some residents. This form of insurance will cover legal costs up to a certain amount(which varies depending on the policy). Policies are generally sold along specific lines. So, for example, you'll find policies for medical practitioners, drivers, the self-employed, and investors. There may also be options regarding tax payments, helping to reduce costs for high net worth individuals. Insurance in Germany works in the same way as most developed nations Customers purchase policies for fixed terms with specific benefits. They then pay for these policies via regular premiums. Some forms of insurance can feature flexible premiums, such as life insurance, while others are more rigid. Health insurance is slightly different to many other nations. All residents of Germany must be enrolled in health insurance schemes, which can be either state provided (gesetzliche Krankenversicherung, GKV) or private (private Krankenversicherung, PKV). Every person coming to or living in Germany will require their own mix of insurance policies, and as you can see, there are plenty of different forms. If you intend to pursue a medical trade, legal assistance and liability insurance will be essential. Accident insurance may be advantageous for active sportsmen or drivers, while those who want to explore Europe will benefit from extensive travel insurance policies.Just buy the policies that make sense for your own unique needs.Liability Insurance
What is liability insurance in Germany?
Household Insurance
Do you need household insurance if you have good liability insurance?
Insurance companies
Life Insurance
What types of life insurance are there in Germany?
Accident Insurance
Did you know?
Repatriation Insurance
Travel Insurance
Legal Assistance Insurance
Legal Assistance Insurance Policies
How does insurance work in Germany?
Which types of insurance in Germany are really necessary?
FAQs
Is healthcare free in Germany? ›
Yes, all Germans and legal residents of Germany are entitled to free “medically necessary” public healthcare, which is funded by social security contributions. However, citizens must still have either state or private health insurance, covering at least hospital and outpatient medical treatment and pregnancy.
What insurance is mandatory in Germany? ›Health insurance is required for all German residents. It pays for your healthcare when you need it. You pay the employee tarif. Your health insurance costs a percentage of your income.
What type of health insurance does Germany have? ›Germany has a universal multi-payer health care system paid for by a combination of statutory health insurance (Gesetzliche Krankenversicherung) and private health insurance (Private Krankenversicherung).
How does insurance work in Germany? ›Public health insurance costs a percentage of your income. If you make less money, you pay less. If you get ALG I or Bürgergeld, it pays for your health insurance. Private health insurance does not adjust to your income; you pay the same even if you lose your job.
How much does the average German pay for health insurance? ›How much does health insurance cost per month in Germany? Social security contributions for Public Health Insurance (GKV, Gesetzliche Krankenversicherung) are set at 14.6% of an employee's gross salary. This is made up of a 7.3% contribution from the employer, plus a 7.3% contribution from the employee.
Is Germany's healthcare better than the US? ›The data suggests that the Canadian and German systems appear to be more effective than the U.S. system in several respects. Costs are lower, more services are provided, financial barriers do not exist, and health status as measured by mortality rates is superior.
Can I live in Germany without health insurance? ›Health insurance for all persons not studying or working. Everyone living in Germany must have health insurance.
Is private health insurance worth it in Germany? ›Private insurees may also experience shorter waiting times and have the opportunity to find and speak to a doctor who can communicate well in their native language. But because the healthcare system in Germany is so good, most people don't feel a big difference between the two aside from these few perks.
What happens if you don't have insurance in Germany? ›What happens if you don't have insurance in Germany? Without any form of health insurance in Germany, you'll either be denied non-emergency medical treatment, such as a check-up with your general practitioner, or you will be required to personally cover the costs, such as a hospital stay.
Is dental care free in Germany? ›Public dental care in Germany
Even though public health insurance covers routine dental care, you will still need to pay for treatments, such as: Biannual cleaning: from €80. Crowns: from €150. Bridges: from €340.
What are the disadvantages of German healthcare system? ›
| Pros | Cons |
|---|---|
| Universal coverage for all residents. | Long waiting times for non-emergencies. |
| High quality of care. | Bureaucratic administrative procedures. |
| Comprehensive benefits coverage. | Regional disparities in access to care. |
| Patient choice in selecting providers. | Rising healthcare costs. |
Healthcare System Performance Ranking
Key Findings: "The top-performing countries overall are Norway, the Netherlands, and Australia. The United States ranks last despite spending far more of its gross domestic product on health care.
Health care insurance is mandatory in Germany - for citizens and for non-citizens. People who are employed in Germany have their premiums withheld by their employer. Those who are not employed (retirees, self-employed) are also obligated to be insured and have to pay their premiums themselves.
What insurance do I need for Germany? ›- Health insurance: Compulsory for everyone who stays in Germany for more than three months.
- Automobile insurance: Compulsory for vehicle drivers in Germany.
- Personal liability insurance: Not compulsory but indispensable for a safe everyday life.
If your gross salary is less than 69,300 euro a year (as of 2024), you must be insured by a statutory health insurance company. The general statutory health insurance rate is set at a standardised 14.6% of the gross salary. Both the employer and employee pay 7.3% of the insurance rate.
How much does a doctor visit cost in Germany? ›If you're visiting Germany and don't have health insurance in the country, you can still see a doctor. You will, however, have to find a private doctor and be responsible for the cost of the visit — a GP consultation without medical insurance costs from €30 to €60.
Can you be without health insurance in Germany? ›Health insurance for all persons not studying or working. Everyone living in Germany must have health insurance.
Do you have to pay for medical treatment in Germany? ›To get medically necessary state healthcare in Germany, you need a Global Health Insurance Card ( GHIC ) or a European Health Insurance Card ( EHIC ). The NHS's getting healthcare abroad webpage has details about: how to apply for a GHIC. how to get temporary cover if you lose your card or it does not arrive in time.