Home insurance


Home insurance ensures that household items are replaced or compensated in the event of damage. The premise for home insurance is that the sum insured must be the effective present replacement value of the entire Household.

For those who rent or own an apartment or a house, home insurance is very useful. The household includes the items that are in the house or apartment, on the balcony, or in the garden and not permanently connected to the building. Appliances or items that have been installed by the tenant or by the landlord, e.g. a washing machine or tumble dryer, also belong to the household for the purposes of the home insurance. Additionally included in the insurance coverage are borrowed, leased, or rented items from third parties that are located in the apartment, in the basement or in the attic of the policyholder. Depending on the terms of the insurance agreement, the household may be insured against fire, water, elemental damage, theft of goods, and damage by third parties. Certain risks can be insured by a standard addition. These risks include broken glass, water damage or electrical damage from aquariums and waterbeds, or short-circuit damage to electrical appliances.

Damage due to the fault of the policyholder

The policyholder is obliged to do everything possible to keep the damage as low as possible. This means he or she must immediately block stolen credit cards or check books. The damaged items are subject to inspection. A person who intentionally causes damage is not entitled to insurance benefits. In cases of gross negligence, the compensation may be reduced in accordance with the degree of self-fault.


In case of damage, the insured sum specified in the policy corresponds to the maximum amount of compensation. To prevent under-insurance, the sum insured should therefore be checked and updated periodically. When purchasing new household, it is advisable to adjust the sum insured accordingly. An under-insurance can be extremely costly. A good opportunity for a general review of the insurance provides, for example, a move in which the inventory is best captured per room and recorded in writing. It should be noted that since 1 January 2007, higher deductibles in elementary events apply.

Replacement Value

What is important is the agreement of the sum insured at replacement value, ie the present Neuanschaffungspreis. The household items should be valued at replacement cost. It is also important to ensure that the insurance includes an automatic inflation adjustment, in which the sum insured is adapted to the household index or the consumer price index. You can be ensured with only these measures, so that in the event of a claim the full compensation is paid.

Procedure in case of damage

  • Report any damage immediately to the insurance company.
  • Bring damaged property for inspection by the damage experts of the insurance.
  • Following a burglary or robbery, you must report the event to the police. The insurance company should be sent a complete list of all stolen items including invoice documents in as much detail and completeness as possible.

Ways to Save on Household Insurance

  • With customized policies you can save on premiums. So, for example, maximum loss amounts can be reconciled , such as for theft outside the home .
  • Probably the biggest saving effect can achieved by couples living together, through the pooling of insurance in one policy.
  • Check any multi-year contracts, apply to each policy, the annual right of termination.
  • You can cancel your insurance, without notice in writing, three months before the expiry of the agreed term.
  • Following an incident, you cannot cancel later than 14 days after they become aware of the payment.

The coverage expires under law, or with the arrival of the letter terminating the insurer. Similarly, the insurer , the policy after completion of a claim for known proclaim payout.