1. Introduction: The video discusses the importance of insurance in Germany, emphasizing that not all insurances are necessary and depend on individual circumstances. It introduces the creators, Jen and Ivonne, from Simplegermany.com, who aim to provide English content for internationals settling in Germany. They acknowledge that they are not licensed insurance consultants and the video is based on their experience, research, and opinions.
2. Must-Have Insurances: Health Insurance: This is mandatory for everyone in Germany, regardless of visa status. It's essential for accessing healthcare and is required for obtaining a visa. Three options exist: public health insurance, private health insurance, and expat/incoming health insurance (a temporary solution). The video recommends Feather, a company that can advise on the best insurance based on individual circumstances. Popular public health insurance is Techniker Krankenkasse (TK), while Otonova is a popular digital private health insurance option. Private Liability Insurance: This is highly recommended and widely held in Germany. It covers damages caused to third parties. The video highlights its importance as it protects against financial liability. Get Safe is a recommended provider. Car Insurance: This is mandatory for car owners in Germany. It consists of two parts: liability (mandatory) and damage insurance (optional). The video advises using comparison sites like Tarifcheck for finding the best deals. Dog Insurance: Mandatory in six out of 16 German states, this insurance covers damages caused by a dog to third parties. Get Safe is a recommended provider offering an all-digital, all-English policy. Additionally, optional dog health insurance is available, with Luco being the only provider offering English-language pet health insurance. Travel Insurance:This is voluntary but recommended, especially for those with public health insurance. While public health insurance covers EU travel, it's often limited. Travel insurance provides comprehensive coverage, especially for non-EU travel. Allianz is mentioned as a reputable provider offering various travel insurance options.
3. Nice-to-Have Insurances: The video encourages viewers to consider whether they could afford to pay for potential expenses out of pocket before considering these insurances. Home Contents Insurance: This covers personal belongings against damage from fire, storm, hail, or water damage. Get Safe is a recommended provider. Bicycle Theft Insurance: This is recommended for expensive bikes, especially if they are not covered by home contents insurance. Get Safe is a recommended provider. Legal Insurance: This covers fees associated with lawyers or court fees. Get Safe is a recommended provider. Dental Insurance: This is an additional insurance for public health insurance holders, as public health insurance offers limited dental coverage. Auto Nova is a recommended provider. Accident Insurance: This covers private accidents not covered by workplace insurance. It's recommended for those engaging in high-risk activities. Adam Riese is a recommended provider. Disability Insurance: This is one of the most important insurances according to German insurance brokers, protecting income loss due to long-term injury or health issues. It requires an application process and is highly recommended for young people. Feather is a recommended provider. Life Insurance:This is recommended for those with families, particularly if they are the sole financial provider. It protects family income in case of death. Feather is a recommended provider.
4. Contracts: The video concludes by emphasizing the importance of understanding contracts when considering any insurance. It directs viewers to a video about contracts in Germany.
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