If you are interested in private liability insurance, you probably have many questions: What services are actually covered by private liability insurance? Is the basic rate sufficient or are certain additional modules useful? And how high should the sum insured be?
As a rule, you are already comprehensively covered with the basic rate if you cause damage to property, personal injury or financial loss to third parties. Third parties are persons who are not covered in your contract. The amount of cover plays a role here. This is the amount up to which your personal liability insurance covers the settlement of claims. Stiftung Warentest recommends a minimum sum of 10 million euros. With COYA, you can insure yourself up to a maximum amount of 30 million euros. Thus, you are comprehensively protected in case of damage.
In addition, there is the option of selecting certain additional modules to extend your insurance cover and adapt it optimally to your needs. You can find out here what options are available and what you should be aware of.
Your private liability insurance covers the claims for damages arising from legal liability regulations under private law. These include:
The insurance cover includes:
With COYA, you have two options:
Family and insured persons are considered to be one and the same:
In addition, our family liability insurance also provides cover for all people who live with you in a domestic community and are registered with the authorities at the same address.
This can be, for example:
Yes, the loss of keys, code cards and other key types are insured. This includes private, professional, official, honorary and club keys.
Reimbursed are the costs for
If you lose your key to a central locking system, the share of the damage (own damage) attributable to your apartment will be deducted.
Yes, damage to permanently installed rental property is usually covered by your private liability insurance.
The insurance covers the legal liability for damage resulting from the transmission, provision and exchange of electronic data, for example, on the internet, by e-mail or by means of data carriers.
Courtesy damages are damages that can happen to you during a friendly service, a so-called favour. You may offer your help to a friend, an acquaintance, a neighbour or even a stranger, or someone may ask you for help. A favour means that you help voluntarily and receive no financial consideration.
A few examples:
Most of the damage is caused by slight negligence. Therefore, you are not liable as the cause of the damage in a friendly act. Accordingly, your private liability insurance generally does not cover the settlement of damages.
If you would like to insure yourself for courtesy damages, you need our "Top of the Topps." It also covers courtesy damages.
Suppose you report a claim to your personal liability insurance company. Then it assumes three tasks:
If someone has caused you damage but is unable to pay, your private liability insurance will cover it.
That depends on whether you decide to take out private liability insurance at the single rate or the family rate.
Private liability insurance at the single rate (for one person) is available from 47.99 euros per year.
Family liability insurance for all persons living in your household is available from 64.99 euros per year.
Private liability insurance at the family rate covers several persons and is cheaper than several contracts at the single rate. If you live with other people in the same household, for example, with your partner, children, one parent or flatmates, joint private liability insurance can be considered for you.
If you pay the insurance premiums annually instead of monthly, you will also save another 5%.
A deductible reduces your monthly insurance premiums. But in the event of a claim, you will have to contribute a certain amount from your own pocket, and this could be a problem. For this reason, we at COYA have decided not to offer an excess.
Instead, we have reduced insurance premiums to a minimum. This gives you the opportunity to enjoy full protection without having to worry in case of a claim.
Stiftung Warentest recommends an insurance sum of at least 10 million euros. If you want even more security, with COYA, you can choose a maximum sum insured of 30 million euros. This gives you comprehensive coverage in the event of damage.
Yes, you have worldwide insurance coverage. However, your residence must be in Germany. If you stay outside the EU, your insurance coverage is for a maximum of five years.
A comparison is definitely worthwhile. Inform yourself in peace and quiet before you make your decision. It is important that you look not only at the monthly or annual insurance premiums, but also at the benefits offered.
With our "Top of the Topps" topping, you get a “Best Benefits Guarantee”: if you can show that another insurance company will pay for a case that COYA does not cover, the benefits of the other insurance company will automatically apply to your contract with COYA. This ensures that you always have the best coverage.
In short, it covers damage caused to third parties by a person co-insured on your contract. "Third parties" are people who are not co-insured with you. Up to the fixed sum insured agreed by you, your private liability insurance will settle the damage caused.
The following services are part of COYA's standard scope of private liability insurance:
1. Choose insurance coverage for all important persons
A central question is first of all, whom do you want to insure? Should your private liability insurance only cover you in case of damage? If yes, the single rate is the right option for you. From as little as 47.99 euros per year, you can obtain comprehensive protection.
Perhaps you would like to insure your husband or wife or your partner at the same time. Then there is the possibility of taking out a private liability insurance at the family rate and saving money.
Do you have children? Do any other people live in your household? If yes, our family liability insurance is the right choice for you. With just one policy, you can insure yourself and your loved ones for 64.99 euros per year.
2. Agree on the right amount of coverage
It is also important that you do not choose a coverage amount that is too low. Otherwise, you may have taken out a private liability insurance policy, but you may still have to pay part of the costs yourself. Stiftung Warentest advises an insurance sum of at least 10 million euros. With COYA, you can insure yourself for a maximum of 30 million euros. This gives you comprehensive protection in the event of damage.
Does my private liability insurance also cover me if my own property is damaged?
No. If a third party damages your property, their private liability insurance is responsible. If you cause damage to your own property or if someone else insured in your contract destroys your property, this is not covered by your private liability insurance.
A private liability insurance policy in Germany covers the claims for damages arising from legal liability provisions under private law.
However, there are a few exclusions that you should be aware of, such as the following:
With our additional modules, we offer a range of individual services. This allows you to optimally adapt your insurance coverage to your needs. You can find out which services these are here.
Sometimes, basic coverage is not enough. In this case, you can individually extend your insurance coverage with the modules you need. COYA offers so-called "toppings" for this purpose. Depending on what suits you and your family, you can easily add these additional services to your liability insurance. This way, you will receive insurance protection that is optimally adapted to you and your family.
Our Top of the Topps extends your insurance coverage to include...
The additional module "Rental and Hire Vehicles" covers damage caused by the rental of cars, motorcycles and motor homes. Here, the so-called "Mallorca-cover" is also insured. A prerequisite for the insurance cover is that there is no or insufficient coverage from the motor vehicle liability insurance concluded for the vehicle.
Also, a misfuelling (for example, diesel instead of petrol) is covered up to a sum of 3,000 euros.
The additional module "drones" protects against claims for compensation for damage caused by the permitted private use of aircraft with engines that are subject to compulsory insurance. The insurance cover applies to drones, model aircraft, helicopters/helicopters and multicopters with a take-off mass of up to 5 kg. The remote-controlled aircraft must be within visual range.
The "Best Performance Guarantee" included in this "streusel" provides insurance protection at the highest possible level. Suppose you cause a claim that we do not settle according to our terms and conditions of insurance. If another personal liability insurance in Germany pays in this case, the benefits of this insurer will automatically apply to your contract with COYA.
If you lose your job as a policyholder and register as unemployed with the employment office, you can have your contract set to "non-contributory" with the topping "Top of the Topps" and still remain insured for the last agreed coverage. If you start a new employment relationship, your exemption from contributions ends when you become unemployed. If you remain unemployed, your private liability insurance will continue to run free of premium for a maximum of one year. After that, your contract expires automatically.
If agreed, COYA will settle claims, although you cannot be held liable for them by law. This is the case in the following situations:
Suppose you have children under seven. They're deemed by law to be unfit for crime. That means you're not liable for any damage they cause, unless you violated your chaperone privileges. However, you may still wish to make good the damage caused, so as not to jeopardise the good relationship with the injured party. In this case, our topping "Top of the Topps" is a useful addition for you. COYA regulates these damages, although you cannot be held liable.
In addition, you are insured if you are the victim of a violent crime and have suffered permanent physical (not psychological) damage as a result of the crime, and if the Victim Compensation Act entitles you to a victim's pension in accordance with §§ 30-34 of the Federal Supply Act. This also includes sexual offences.
If you suffer permanent physical damage due to the violence you have suffered and receive a victim's pension under the Victims' Compensation Act, we will pay you a one-off payment of up to 50,000 euros (victim of violence assistance), depending on the amount of the victim's pension.