Coya is a German insurance from Berlin with a completely digital sign-up process. It offers a very simple and flexible private liability insurance with no paperwork. Coya offers one standard plan with a premium plan coming soon. It is supervised by the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and member of GDV (Gesamtverband der Deutschen Versicherungswirtschaft e.V.)
The key benefits of Coya are:
€10 million – €50 million
To get a policy quote from Coya, just follow the simple web interface and answer 3-4 questions. The great advantage: It is completely in English, so no need to use a German dictionary. Once you answered the questions, check the coverage of the policy and click on “Buy Now”. You can complete the purchase online in a couple of minutes. Everything is fully digital, so no paperwork or sending in a contract via physical mail.
The key benefit of Coya is that you only answer a few questions and get your quote right away which does not have any deductible. The standard plan only covers yourself (no children), but the premium plan covering €50 million in damages and children living at home will be launched soon. Until then, all plans will be 3.14€ per month and you can cancel any time and will be reimbursed for the remaining days of the policy. If you pay for the whole year in advance it will cost you €34.68. You can pay online by SEPA Debit or Credit Card.
Coya covers the standard daily risks that you want to stop thinking about:
This includes: Up to €10 million in damages to others (third parties) caused by you. Such as:
Limitations: In these cases there are limits in regards to what Coya will pay. For example: