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Best Legal Insurance in Germany & Private Health Insurance

The first thing you have to do after moving to Germany is to deal with insurance. There are a wide variety of insurances available. With so many options available, you might get confused in finding the most suitable insurance for you. Some Insurances are mandatory, and few others are optional. Let’s have a glance at the insurances available in Germany and how they are useful for you.

Health Insurance

You must have health insurance if you plan to stay in Germany for more than three months. You can opt for public (statutory health insurance or GVK) or private health insurance (private health insurance or PKV). People with income lower than 64,350 Euros (2021) can only take public health insurance. You can find a detailed comparison between the two on our public vs private insurance page.

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Car Insurance

This is another mandatory insurance for people with a car. There are two types of car insurance: Vollkasko and Teilkasko.

Vollkasko is comprehensive insurance that offers the most coverage. It covers the damage to your car and other cars.

Teilkasko or partial car insurance covers more things. It covers theft, fires and damage from natural catastrophes (earthquakes, floods, hail, etc). It also covers damage to your vehicle windows.

If your car needs a fix, you will have to pay for it unless it is someone else’s fault. In that case, their insurance will pay for your damage.

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Liability Insurance

This is optional yet recommended insurance. It protects you from any damage caused because of you on another person’s body or property. Without liability insurance, these damages can cost you thousands of euros or even more. That’s why more than 70% of Germans have this insurance.

Private liability insurance does not cover your work, so freelancers should get professional liability insurance to insure themselves for any professional mistake. If you are an employee, you won’t need this insurance.

Liability insurance is generally cheap (around €5/month). You can use this link to compare liability insurance options. For English speaking service providers, you can choose Coya and GetSafe.

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Accident Insurance

In case of an accident, liability insurance covers the damage caused to another person. But, to get yourself insured from any such accident, you need accident insurance. All employees get insured with generous accident insurance. It covers you from any accident that happens during the commute to the workplace or at the workplace.

Accident insurance will pay for your treatment and pay you your lost earnings. It also provides financial support in case of permanent disability and any cosmetic surgeries required after the accident.

Life Insurance

This insurance pays money to the family in case of your death. It is useful for people that are dependent on you. The insurance amount depends on the amount you paid to insure and is generally cheaper for a young person. If you have an existing term life insurance from your homeland, you should notify them that you are residing in Germany. You must also confirm with them regarding the validity of insurance in a foreign land.

Homeowners Insurance.

This insurance is useful for you only if you own a property in Germany. For example, this insurance will pay for you when the roof of your house gets damaged in a storm. Please note that it protects only your house or apartment and not the content of your home. You do not need this insurance if you live in a rented house.

Home Contents Insurance

This is another optional yet recommended insurance. Home Contents Insurance covers the content of your house. It protects the furniture and all the other movable things in your house like the computer and bicycle. You can also have individual content insured if you do not want everything covered. The cost of this insurance depends on the size of your apartment and the locality. Coya and GetSafe are the two providers that offer their services in the English language and are not heavy on your pocket.

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Legal Insurance.

This is another insurance that you must consider. This insurance helps you by providing support and advice from lawyers and reimburse your lawyer and court costs. A legal dispute can fall into one of these categories: private, professional, house-related (mietrechtschutz) or traffic. Generally, a good insurance company covers all these categories.

It would also include coverage of your children and covers legal fees worldwide. You can also get your bicycle and glass insured along with this. Disputes with landlords or neighbours fall under this insurance. Please note, this insurance does not cover the cost of damages if you lose a case. Liability insurance takes care of such damages.

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Dog liability Insurance

All the dogs must have insurance in Berlin, Brandenburg, Lower Saxony, Hamburg and Thuringia. It pays for the damages caused by your dog. It is also compulsory for certain dangerous breeds of dogs across Germany. Coya and GetSafe are English speaking insurance companies that offer dog liability insurance.

Annual Travel Insurance

This is a comprehensive insurance cover for all your private trips without a need to buy a policy for each journey. It generally includes travel cancellation insurance, trip curtailment insurance, travel health insurance and travel luggage insurance. There is no limit on the frequency of your global travel (excluding known war zones). Depending on the tariff, it can be within 31 to 42 days. If you plan to take a trip for more days, you must speak with the insurance company in advance.

Bicycle Insurance

Bicycle theft in Germany is quite prevalent, and police can solve only four per cent of those crimes. It means if your bike gets stolen, there is a high probability that you won’t get it back. Therefore, You must consider buying bicycle insurance, if you use it as a regular means of transportation or if the cost of a bicycle is more than € 150. This insurance is generally available for less than € 5 per month.

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Your Complete Expat Guide to Germany | Vanakkam Germany

If you are new to Germany or planning to come to Germany on long-term plans, here is a list of things you should know, to make your settling-in effortless. Here you could find the information relevant to settling in Germany. The list below will give you an overview of the basic needs in your first couple of months.

Finding a home and moving

You might have come to Germany with a limited contract on an apartment or decided to move into a better apartment once you are here. You might also be looking for a home already from your home country.

City Registration

Every new citizen in a city (that means, also when you move inside of Germany from one city to another) has to register himself at the city hall(Rathaus) in the first couple of days of arrival.

Cell phone

Once you are done settling up, you need to stay connected and keep in touch with friends and family. When you are new to the country, you might have no sim card at all.

Opening a bank account​

It is one of the first steps after moving into a new country to choose a bank that fits your needs and open up an account. Varying from a current to a savings account all major banks offer these facilities. Once you have an address you should open a bank account ASAP, because you are going to need it.

Getting (mandatory) Health Insurance

German citizens are lucky to have their medical needs covered through a government-mandated insurance system. This means that you MUST pay for insurance. You will be asked for your insurance documents at many points during your time in Germany — at work, at college, or even when you are traveling, if there should arise a need.

Getting ready to work — The Tax Office

For you to be able to find a job and receive a salary, you definitely need some information from the tax office. Once you are settled in, you need the tax office at different points of time in your life in Germany, for filing your tax returns, or to claim your tax refunds.

All you need for your new apartment in Germany

Once you find a room or an apartment, depending on the type of accommodation and contract you have, you will have a few tasks at hand. This does not just mean furnishing your house and paying the rent but also finding your energy provider, gas supplier, and such tasks.

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With digitalization taking its leap day by day, the analytics industry is changing rapidly. Organizations are challenged to stay updated with the new technologies to keep up with the pace. Besides, identifying the correct BI tools and Analytics Platforms is essential to utilize every opportunity to its fullest.

A data-driven strategy is a foundation for leveraging the data as an asset and driving your business forward. It’s not a patch job for your data problems; but a long-term, guiding plan that defines the people, processes, and technologies to solve the complexity in data, thereby helping you meet your end goals.

Enhancing decision-making

An effective data strategy helps your organizations gain better data insights to make agile and more informed decisions. In addition, it allows your organizations to monitor real-time metrics associated with your business processes.

Risk mitigation

An effective data strategy is an essential tool in risk management as it enables your organization to identify the current risks, impacts, and likelihood. Further, a data strategy allows your organization to develop a robust auditing strategy and create an effective mitigation plan.

Improved Productivity & Efficiency

A data-driven approach can identify your revenue-generating opportunities, improve operational efficiency, ensure smooth business transactions, and optimize production.

Targeting the right audience

Our data-driven approaches allow your organization to gain insights into your customers, analyze your potential customers, and attract and retain current customers.

Analyze more data

With the help of big data analytics, your organization can process massive amounts of data in real-time, helping you to perform better. This, in turn, allows you to stand out from your competition while increasing your global market share.

Cost-cutting

By utilizing machine learning models, data-driven insights, and advanced analytics tools, your business can anticipate future trends and reduce potential financial losses.

We design a Data and Analytics strategy to meet your business needs and create a more excellent value.

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Governance of Data

This program aims to help you achieve and maintain success with data and analytics.

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