Generally speaking, Germany is a nation where many of it’s citizens are over insured. For instance, some possess an insurance policy for travel calamities yet pay for credit cards which have travel insurance as part of the package. And then make an online flight booking with further insurance.
Health insurance is a legal obligation for nearly all expats who relocate to work in Neuss. Naturally, vehicle insurance is too. The list of further policies is never ending; property, glass, accident, liability, pets and so on.
Germany may not be quite have achieved the the level of the Americans but they love to keep the courts occupied, creating a backlog of litigation that is astounding. Hence, a good policy with liability insurance coverage could, by some, be considered a must.
Vehicle insurance is naturally compulsory in Germany. Age of driver, safety history, estimated mileage that will be driven over the next few months, emissions, power and also the region in which the vehicle is registered and the corresponding accident and theft rates.
Insurance companies tend to offer policies based on the size of the home in terms of square metres. Then further options are available that affect costs. The price of insurance coverage depends on location and type of property such as house or flat.