The best liability insurance provider in Germany is COYA. With its great English app the company makes it very easy for foreigners to sign up for a liability insurance in Germany. In combination the pricing which starts at 4.29€ per month.
Among expats in Germany, COYA has established itself as the best and easiest way to sign up for a full-scale liability insurance coverage.
Another great online insurance provider in Germany is getsafe. The company offers personal liability insurance.
Similar to COYA, getsafe focuses on providing its insurance services for expats and foreigners living in Germany. Getsafe’s website, their app and the customer support are fully provided in English.
In Germany, you need to compensate a third-person in case you have caused any damage. Since you are liable to full extent to pay for any damages you may have caused, we highly recommend you to sign up for a personal liability insurance (also referred to as Privathaftpflichtversicherung).
Although it’s not a legal requirement to have a private liability insurance in place, it should be the first thing to sign up for when coming to Germany as you are liable with your full fortune. With annual costs around 50€, it’s also very affordable.
Accidents can happen and solid coverage is advised
In summary, the private liability insurance protects you against the risk of a potentially high financial compensation in case something bad happens. On top, it covers (potential) cost for a legal process in case someone accuses you of having caused damage to another party.
Anyone can cause damage to other people or property. And it can only take one moment of bad luck. Hence, we recommend anyone to buy a liability insurance.
For a better understanding, we’ve summarized potential cases below:
While playing around with your best friend’s brand-new iPhone, it accidentally slips out of your hands and falls to the ground. Unfortunately, the phone is broken. Your friend is not happy about it and asks you to pay for a replacement. With coverage from a personal liability insurance you can easily file a claim. Your insurance provider will pay for the replacement.
You’re taking a train for a business trip and accidentally spill your coffee on your seat neighbor’s laptop. Also in this case, your liability insurance will pay for the incurred costs.
While skiing with your friends, you over-estimate your skills and accidentally drive into another skier. Unfortunately, the person’s leg is severely injured and requires a complicated surgery. As the accident was solely your fault, you are held accountable for all medical costs as well as the long-term aftercare. Luckily, your personal liability insurance protects you from paying with your out-of-pocket savings.
In practice, filling a claim with your insurer is very easy (when choosing a digital insurer such as COYA or Getsafe). The most important steps are:
COYA’s all-in-one English insurance app
A personal liability insurance does not allow you to become careless in any area just because you have an insurance. Some risks are specifically excluded from the contract and do require you to take action and get additional coverage. The insurance should include:
In addition to the coverage, always remember to choose reasonable deductibles. Your insurance can cover a lot but if deductibles are too high, you can still suffer financially. On the other hand, deductibles under 500€ normally will come at a high price with an increased premium to pay every month.
Check out our extensive comparison of COYA and Getsafe, both of them offer the best liability coverage.
As summarized in the comparison, the cost for an insurance is comprised of monthly premium (the fee you pay) and the deductibles (your co-payment in case of a pay-out).
In Germany, the best personal liability insurances such as COYA or Getsafe cost around 50€ per year. By choosing to sign up with one of the best liability insurances in Germany, deductibles are 0€.
Usually, private liability insurances in Germany vary with their offerings. For example, you can find add-ons to protect your bike from theft, or your drone as well. It is worth looking into these to tailor the insurance package to your individual needs.
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