Insurance
Should you cause damages to a third party, be it a person or an object, you are liable for all costs occurring. To come up for these costs your assets are in danger. You are kept responsible for the repayment until all costs have been paid off, even if it take many years.
Without an sufficient insurance illness and casualty may be very expensive.
Take responsibility for yourself and take out the necessary insurance packages suited to your needs. Your needs are dependent on your living style, your age and career.
Medical insurance
Students can be insured with the parents untill their 26th birthday. Private and statutory options are financially favourable.
Casualty insurance:
All casualties
Liability insurance
For damages caused by yourself or your dependants can be expensive. You are obliged by law to pay for all damages, even if this means you will loose all your assets. Taking out a liability insurance is therefore a sensible thing to do.
Your partner and children are uasually covered by your insurance, as long as your children are still studying or not married. Please inform yourself at your insurance company
Responsible: Hans-Heinrich Emmerich - Last Modified: 9. August 2011