Generally speaking, Germany is a nation where many of it’s citizens are over insured, to say the least. For instance, some possess an insurance policy (Versicherung) 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 the Ruhr Metropolis. Naturally, vehicle insurance is too. The list of further policies is never ending; property, glass, accident, liability, pets and so on.
Liability insurance could be considered a must since, even in cases of minor incidents, people can suddenly find themselves dragged in front of a judge. Parents are mostly liable for the actions of their children. The cost of personal coverage in Germany is minimal compared to the risks.
The health insurance landscape in Germany is highly complex. Basically there are two to three routes available to expats relocating to the country. Demographic change and new technologies are stretching and straining the social system. That results in ever increasing donation levels.
Insurance companies tend to offer policies based on the size of the home in terms of square metres with many based on an average value. Further options are available that affect costs. The price of insurance coverage naturally vary and depend much on location and type of property.