Germany has a variety of different insurances for all kinds of unlucky situations. Not all of them might be necessary or useful for everyone, but there are certain policies, which are highly recommended by independent institutions, such as the Union of Insurance Customers.
Which insurances are required by German law?
Some insurances are actually required by law, such as the car liability insurance (Kfz-Haftpflicht) or health insurance (Krankenversicherung). Others might be necessary in certain situations: For example, the general private liability insurance (Haftpflichtversicherung) is always recommended, because it protects you from your possible financial ruin in case of a misfortune with the most serious consequences, as you are liable to unlimited amounts for all damages you cause anyone in Germany. When taking a loan for a house, banks usually require a life insurance (Lebensversicherung) in order for the loan to be secured.
Health insurance supplement insurances
Especially for your health insurance, there are multiple optional supplement insurances, which provide you with better treatment quality (e.g. better dental implants / inlays) or more comfortable treatments in hospitals (e.g. your private hospital room and treatment by a chief physician/surgeon).
We prepared informative explanations for all kinds of insurances below, just click on the name to expand the description.