Hardly anyone wakes up in the morning thinking "today I'm going to do some real damage". In most cases, damage results from inattention or from a wrong assessment of a situation. The only annoying thing is that you generally have to take responsibility for it, regardless of what caused the damage, whether you are single or married. The only protection against financial loss that is available is private liability insurance. You can read about the financial protection it offers here.
The insurers differentiate in some policies according to marital status. The private liability insurance for singles is specially tailored to single persons and is also called "liability insurance for singles". The background of the distinction is obvious. An insured single person is less likely to suffer damage than a family of five.
The private liability insurance for singles covers claims for damages if the policy holder is held liable by a third party. The legislator regulates the liability for damages in section 823 BGB, paragraph 1: "Whoever willfully or negligently violates the life, body, health, freedom, property or any other right of another unlawfully, is obliged to compensate the other for the resulting damage”.
What this means for you is that you have to pay for the costs incurred with your entire current and possibly future assets.
In contrast to motor vehicle liability insurance, private liability insurance is not a compulsory insurance, even if this or a previous federal government has in the past considered a compulsory policy for every private household. Stiftung Warentest considers private liability insurance to be the most important policy of all, as it avoids the financial ruin of the injuring party.
Simply put, private liability insurance covers the expenses incurred by justified claims for damages or helps fend off unjustified claims.
Family liability insurance provides financial protection for the policyholder and the members of their family, provided they live with them in the same household. An exception is children in education who live elsewhere. These also belong to the group of insured persons. Family liability insurance also applies to single parents.
Single liability insurance is aimed exclusively at the target group of single persons without a partner and without children.
If you move out after graduating from high school or after completing your education, it makes sense for you to have your own insurance. Paragraph 823, section 1, BGB leaves no doubt as to the regulation of claims for damages. Very few people deliberately plan to harm a third party, but accidents happen unexpectedly in everyday life. And the range of financial consequences can be enormous. We would like to give you three examples of this:
In a case of damage, you are liable to the injured party with your entire assets. If a personal injury also results in future payments, for example a pension, this also reduces your future income.
It is also quite possible that unjustified claims are made against you. The passer-by who ran into your bicycle was, as it turns out, on the phone and you were not going too fast. He had caused the accident himself. In this case the liability for singles acts as a passive legal protection insurance and helps you to fend off unjustified claims.
All liability insurances are based on the same legal requirements. However, they differ significantly from each other in their details, depending on the provider. Besides the limits for specific insured objects and assets, the famous small print, the premium also plays a role. The fact is that with a provider like Coya you can save a lot of money compared to companies with a local office. The sales team, the insurance agent or broker, all make a living from the acquisition commissions and these are generated by the premium. For an insurer without a local office, the premium is therefore usually lower.
If you like to travel or spend a lot of time abroad professionally, it is important that your liability insurance is valid worldwide and is not limited to Germany or Europe.
Usually, insurance companies provide for a three months period of notice to the end of the insurance year for private liability insurance. Coya waives this, so termination is possible daily. This is how Coya offers you the greatest possible flexibility and no trouble with notice periods.
Another aspect that plays a role when choosing a private liability insurance for single persons is the amount of the sum insured. In view of the claims for damages that can occur in the event of personal injury, the higher the better. With an insured sum of €30 million, Coya is one of the most progressive insurers in this area, offering you a high degree of security in every situation.
Everyone has specific individual needs, so depending on your personal life situation, you may need more or less comprehensive insurance coverage compared to other people. Our single liability insurance already offers a quite comprehensive basic cover, which you can extend with additional modules according to your individual needs. This way, you avoid paying a premium for risks that do not apply to you. How the extended insurance cover can be composed is explained in the following.
We have explained the main basic coverages to you. As the insurance cover is quite differentiated, here are five further examples of cover inclusions:
Not mandatory for every policyholder but included under the coverage is the property as builder or property owner for selected properties. Please see our terms and conditions for more information.
A completely new area in the segment of private liability insurance is the use of pedelecs / electric bicycles that are not subject to registrations. If you should use such a bike, any resulting damages are also insured.
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To give you an idea of why these additional inclusions might be useful for you, take a look at the below examples:
You must be of legal age to conclude an insurance contract. To apply, please create a Coya user account on the website. Once you registered, you can go ahead and submit your application.
You also need a bank account or a credit card. The payment of the fees can be made either by SEPA direct debit or credit card online. There is no option for cash payments.
In addition to the insurance cover already presented, the coverage in your single contract is even more differentiated. As these are very extensive, we list the most important points as keywords:
Regardless of how extensive the insurance cover is, there are circumstances which are not covered by single liability insurance. These include, but not limited to:
The question of the price is the main focus of many insurance companies. However, some policyholders forget that a favourable price with service insurers is also associated with a deficit in benefits. With online insurers, a favourable price fortunately does not exclude a comprehensive range of services.
The Coya single liability insurance is available starting at €4.99 monthly.
Coya calculates the premiums very carefully. While other insurers relativise high premiums by possible deductibles in order to reduce costs for the customers, with Coya you do not have to make your own payments in case of a claim. In addition, the premium is reduced if you decide to pay annually.
Der Wechsel in den Paar- oder Familientarif gestaltet sich einfach. Informiere Coya einfach darüber, dass du ab sofort den Familientarif wünschst. Du solltest auf jeden Fall prüfen, ob der Vertrag für deinen Partner oder deine Partnerin möglicherweise um den von dir bisher noch nicht benötigten Versicherungsschutz erweitert werden muss.