The first apartment of your own - which insurances make sense?
With the start of a new life, moving out of your home, and moving into your first own apartment, there are several things to consider in terms of security in addition to the first purchases for the apartment. Even dry topics like insurance are part of growing up. Without going into depth, this article is intended to help you find your way through the insurance jungle. Which insurances are possible in connection with your first own apartment and when can you save which insurance?
Personal liability insurance - the must-have insurance!
Anyone who rents or even buys an apartment is also liable for the risks that arise from the apartment. Liability insurance is the insurance that covers damage to persons, property, or objects of third parties. Incidentally, liability is not the insurance that pays for damage to your inventory. So it is always about claims that a third person asserts. If you stick to the topic of “first own apartment”, the risk starts with moving in. If the couch touches the walls in the stairwell of the apartment building when moving, so that they have to be repainted, this is a classic case for liability insurance.
Doesn't the parents' liability insurance apply?
Yes and no. It can be assumed that, even if you no longer live with your parents, you will still enjoy liability protection through your parents' family insurance until you reach the age of 25, but this only applies if you are in training or studying. However, it is often forgotten that this only applies if the study or training takes place directly after graduation. You should also know that the protection provided by the parents' family insurance only applies if this is your first degree or your first training.
How important is home contents insurance for the first apartment?
In addition to liability insurance, it is above all household insurance that you should think about when moving into your first apartment. Household contents insurance is the insurance that protects your inventory from everyday dangers in everyday life. Theft, storm, hail, fire, or tap water are the dangers over which you have little control, but which can cause great damage in your first home. With the first own apartment, it is not uncommon to buy new furniture. The new furnishings for the first apartment can be quite expensive. In the home insurance but it's by far not only the new couch but also to control the bike, the content of the clothes Shank to food and the barbecue in the garden.
If the children decide to have their apartment because they are starting their studies or training, they will initially continue to be protected by their parents' household insurance, but there are a few things to consider.
The question of whether or not you need household insurance for your first home depends on several factors.
Find out when the parents' household contents insurance is sufficient and protection exists and when it is not.
Which insurances for the first apartment are still important?
Liability insurance is certainly the one that is essential to have. But home insurance is also a good decision. Here it is important to take a close look at the individual life situation. When you move into your first apartment or shared apartment, you will increasingly think about additional insurance. Last but not least, it is the following insurances that can make sense: Occupational disability insurance
- Health insurance
- Legal protection insurance
- Foreign health insurance
- Accident insurance
Conclusion on the subject of insurance and a new apartment
In conclusion, it can be said that apart from personal liability insurance, other types of insurance can also make sense. You have the option of over-insuring yourself, for example, if your parents still have insurance coverage. Our experts will be happy to answer any questions you may have about your first home and insurance. For personal liability insurance and household contents insurance, you are in good hands with insurance from Holden, because our insurance cover is entirely based on your lifestyle.
Does the home contents insurance protect what is stored in the garage?
Germany has more and more house builders and today the number of garage owners is higher than ever. That makes sense because a garage makes everyday life a lot easier. The garage is of course used to park the car in a safe place, but barbecues, garden tools, tools, and other things that need to be stowed are only too happy to be found in the garage if there is no space in the house. The seasons in particular determine what is being parked in the garage. Thus, of course, the value of what is stored in the garage fluctuates, just one reason why it makes sense to think about the topic of the garage and home insurance.
Damage can also occur in the garage
Anyone who rents or even buys a house should have household contents insurance. Fire, theft, water damage, hail, and storm are just a few of the dangers that can endanger your property and inventory. Far too seldom, however, do homeowners and tenants deal with what is not stored in the house itself, but in the garden and garage in Union Complex. It is often assumed that household insurance does not differentiate between the outside and inside of the house and that one is adequately protected. The bad news is that this is often not the case and that if you have a garage and a garden you should very well examine your home insurance to be well protected.
What should happen in the garage?
In the garage, it is primarily fire or break-in when it comes to the greatest threats to the garage inventory. The number of break-ins in Germany has increased dramatically and it is not uncommon for someone to break into the garage, which is less locked than the house. Since the garage is often a little out of the way, it is often easier to break in here than it is in the house. But it is not just the risk of theft that threatens garden furniture, barbecues, cars, and other inventory in the garage. Fire and water are no less of a threat to one's belongings.