Liability insurance or Haftpflichtversicherung is necessary for everyone in Germany, especially for international students. In the end, you don’t want to pay from your pocket when bad things happen.
The best liability insurance for students in Germany is Feather and CosmosDirekt. Feather is the best choice for non-German speakers, they provide full service in English and the policy costs only 4,99 EUR per month. CosmosDirekt is best in terms price&value and is available already from 18 EUR per year.
Liability insurance is one of the most important insurances you should have in Germany. It will protect you from various unlucky situations. For example, you have a crush on your bike, or your student apartment is on fire. Liability insurance will cover costs if you damage the third party or items of others during your stay in Germany.
What is Liability Insurance?
Private liability insurance is one of the most important insurance policies in Germany. Why? Even a small moment of carelessness can cause you great damage.
This can be property damage, but also loss of assets or personal injury. For example, if one or even several people are harmed by your action, the claim for damages can go into the millions.
According to the civil law in Germany, everyone is liable for all damages they cause. This means that you are liable for damages and will be financially responsible if something happens.
Liability insurance can save you from financial responsibilities and a large amount of stress.
In case of damages, you are liable for all your assets (assets, salary, house, etc.) if you don’t have anything this will be passed to your parents. Neither amount nor duration of payments is limited, in the worst case, you will have to pay for a lifetime.
Luckily, liability insurance doesn’t cost a significant amount of money, so you can easily afford it and be on the safe side.
In order to protect yourself and your family against this risk in everyday life, there is a private liability.
Some typical examples when liability insurance can be applied:
You accidentally spilled a cup of coffee over your fellow student’s new Laptop, therefore you need to buy a new laptop or repair the old one. The insurance company will compensate you for all costs beforehand.
This insurance will protect you in case of unexpected events. It pays for damage you do to other things due to the accident, for example, a mobile phone of your friend, someone’s car/bike, and simply your house.
Do students need the liability insurance ?
Liability insurance is not mandatory in Germany, except for vehicles, and some other things. But if you want to free yourself from paying large amounts of money due to accidental damages, you must seriously consider purchasing liability insurance in Germany.
In fact, most of the people in Germany do have this insurance (more than 85%).
The answer is that liability insurance is worthwhile for everyone in Germany and in any other country. You can take it out in minutes online.
Especially for students who usually have a low budget, one unexpected event can become an enormous financial burden.
Without liability insurance you are legally obliged to pay for any damage incurred – depending on the type of damage, this can lead to financial ruin.
Also important, if you are going to study abroad, whether it is an entire program or just a semester you better have extra liability insurance for this country, so you don’t end up in debt there.
It can be quite risky to live in another country without liability insurance. Although some people might do so, I will always recommend having liability insurance.
Best Liability Insurance for International Students in Germany
Liability insurance from Feather costs only 4,99 EUR per month. It will cover all damages you make to other people and their properties/belongings.
Feather is English speaking company, that will assist you with any question and concern. Their policy covers up to 30 million EUR in damage costs.
Feather will take care of all property damages, personal injures, and asset losses. Additionally, this liability insurance will reimburse your lost keys (including your work’s keys).
Liability insurance from Feather is suited the best for international students in Germany.
Already for 18 EUR per year for Basic insurance and 34 EUR for Comfort, CosmosDirekt protects you from costs for personal injury, property damage, and financial loss in a total of 5 million EUR.
Even the internet isn’t a safe place anymore, therefore they contribute 500,000 EUR for damage from data exchange and internet use.
Keep in mind that in Germany, you need liability insurance when you rent a room apartment or house.
It will cover you in case something bad happens. For example, an apartment or furniture gets damaged or something gets broken.
With private liability insurance, you can claim reimbursement of costs if the damages were caused by you. One of the most reliable and affordable coverages is offered by CosmosDirekt.
AXA offers liability insurance as little as 20 EUR per year. On their website, you can report the damage immediately so they can support you on time.
Overall AXA is a good solution for students in Germany, for a small price you will get solid coverage, great customer support, and a very user-friendly website.
The liability insurance by AXA is divided into S, M, and L packages with accordingly compensation costs and coverage options.
HanseMerkur is one of the biggest insurance companies in Germany, that provides basic liability insurance for as little as 3,55 EUR per month.
With 140 years of experience, HanseMerkur has gotten a good reputation in Germany, they provide almost all possible packages from liability, accident to travel insurance.
Liability insurance covers property damage, personal injuries, and financial damage up to 50 million EUR in total. Moreover, it is also valid abroad while you are traveling.
Die Bayerische is middle sizes insurance provider in Germany, with the impressive offer of different coverages. Liability insurance from Die Bayerische will cost you between 3,50 EUR and 6,80 EUR per month depending on the package you choose.
The coverage starts with 7,5 mil EUR up to 50 mil EUR. All policed include loss of keys and damages made via the internet – one of the most essential elements nowadays.
Notes about liability insurance in Germany:
Most of the companies will require you to pay a small contribution if an accident happens, usually 150 EUR. This way you can significantly reduce your yearly payments.
However, a self contribution isn’t mandatory and can be declined. Therefore your yearly rate will be a little bit higher, but insurance takes an entire risk on itself.
Read more about the cost of liability insurance in this article.
What liability insurance compensates?
Liability insurance it’s third-party insurance, that covers you when you cause damage to other people or objects.
For example, you accidentally run into a biker while crossing the road where you are not allowed to, and the biker gets injured in the process. In this case, your insurance provider will take care of the treatment costs of the damaged person
The current legal basis in Germany does not specify what upper limit your liability insurance will cover damages you did. The cost of your liability insurance will determine the possible coverage you’re gonna get.
Have in mind that you never know what is gonna happens tomorrow, and to be prepared for everything, it is highly recommended to pay attention to what your insurance covers. And ultimately to choose the best deal instead of aiming for the cheapest one.
Apart from damages, you can claim insurance must reimburse the defense against unjustified claims of third parties.
This means that in case another person demands compensation from you, even though you didn’t do anything wrong, the insurance company will take overall costs related to your defense.
Must have of any liability insurance
- High coverage amount
The covered amount is the sum that will be paid to others for damages made by you. Only when this coverage is spent completely, you have to pay money yourself. Hence, the higher the amount the lower is the possibility of reimbursing expenses from the private budget.
- Compensation inability (Forderungsausfalldeckung)
Also, make sure that your insurance covers the situation of Forderungsausfalldeckung – the bankruptcy of the guilty party.
Thus, your insurance company will reimburse expenses when someone has caused you harm and isn’t able to pay it.
It can be a lack of finances, absence of liability insurance, or because they have to go into private bankruptcy.
Yes, there are many people in Germany with extremely low incomes who can’t afford private liability insurance.
Following damages are covered by most liability insurances:
- Personal injury/damage to persons
For example, you ride a bicycle on the sidewalk and crashed into a pedestrian while turning. As a result, he got injured and his arm had to be operated on. It costs 6,500 EUR. Your insurance company will pay for this.
- Property damage/damage to objects
This includes all harm to objects caused by the insurance holder. For example, the coffee spilled over the laptop (rented or borrowed items are excluded), and many other property damages. It includes issues that happened with rented rooms, apartments, houses, and amenities. Some insurances even include short-term rental properties like hotels, Airbnb, hostels, etc.
- Financial damage/damage to wealth
If your action will result in financial damage to others, it will be determined as financial damage. For example, a bicycle accident that you caused. The affected person has injured himself and must immediately go to a hospital.
Thus, he can’t work today and some days after, so your liability insurance compensates for the money he loses as a result of the accident.
Some insurances might cover damage to rental property, damage due to data exchange and internet use, loss of keys as well as your stay abroad.
Even attorneys and court costs are covered by individual rates of liability insurance. Make sure you carefully read all services and terms before signing up for the particular insurance.
Following damages won’t be covered by liability insurance:
- Damage to rented, leased, borrowed items
- Damages related to your job, workplace, volunteer work, or company
- Damage caused intentionally
- Damage caused while helping a friend
- Damage that you suffer
- Damage caused by the use of power, air, or water vehicle
- Your fines and penalties
- Physical or material damage caused you by others
Costs of liability insurance
Don’ worry, even the best liability insurance fits into the student’s budget. It is comparatively cheap, despite it being the second most important in Germany after health insurance. It will cost you significantly less than health insurance.
Btw, here is the best price&value health insurance for students in Germany.
The contributions for liability insurance are already very low and most insurers also offer cheaper rates especially for students.
You will be paying on average for 2 to 3 EUR per month, payment usually happens annually. However, don’t choose the cheapest rate, because they often involve self-contribution or low coverage.
The cost of purchasing liability insurance in Germany depends on several elements. The extent of coverage (Deckungssumme), the amount of your self contribution (Selbstbehalt), and additional services you want to be included (Leistungseinschlüsse).
Each insurance provider sets its own costs, above I described one of the cheapest rates, self contribution can push the price even lower.
Read more about the cost of liability insurance in this article.
Liability insurance for your semester abroad
If you plan to study in another country in terms of your studies in Germany you will need other liability insurance which covers your stay abroad.
Moreover, liability insurance is even mandatory for the Erasmus exchange, as well as for internships abroad. Your insurance must pay for all unexpected damages during these programs.
The biggest insurance company for International students DR.WALTER has the solution for you – Protrip World liability insurance. This insurance is made especially for exchange students, trainees, Erasmus students, and also language students.
It is valid worldwide and provides high insurance compensations and comprehensive protection. So you don’t have to worry while studying abroad and exploring a new country.
Moreover, it costs only 5 EUR per month, you can sign up online and receive insurance immediately in the mailbox.
Protrip World insurance covers up to 5 million EUR for each personal accident as well as property damage and 1 million EUR each for financial damage.
With Protrip world, your rented property is insured too. Whether you stay in a hotel, hostel, rental apartment, or student residence: all damages which occur there are covered by this liability insurance.
Furthermore, all resulting financial losses incurred on these rented buildings, living spaces, and other privately rented property are insured up to 1 million EUR.
What to do in case of damage?
If you have caused damage, you should act as soon as it happens. Here are steps to do:
- Document damage
It’s advisable to take pictures of the damaged objects. Also, damaged items should only be disposed after the claim has been completed, as they may have to be presented to an expert as well.
All persons involved in the damage should exchange their addresses and numbers.
- Don’t make any decisions on your own
Don’t make any admissions of guilt and don’t make any compensation payment without first talking to the insurance company! They will charge who is right and who is wrong.
Report damage to the insurance company: it is best to report the damage immediately, but totally okay within a week – preferably by phone.
- Truthful explanation
In any case, you should fill out the insurance claim form truthfully. If you have taken photos, you can attach them.
- Forwarding claims to the insurance company
If you receive claims, reminders, or even lawsuits due to the damage, you should immediately forward them to the insurance company, they will take over everything for you.
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