Private accident insurance

Because statutory coverage pays very little

When it comes to accident protection, many people assume that the statutory accident insurance will provide sufficient benefits if something happens. In practice, that is often not the case. For one thing, statutory accident insurance typically only applies to accidents at work, on the direct way to or from work, as well as occupational diseases.

In addition, the benefits often do not cover the high costs that can follow an accident, for example for modifications to your house or apartment, cosmetic surgery, or more extensive medical treatment. This gap is a key reason why private coverage can make sense for you, especially if you want broader protection for everyday life.

Beyond this gap in statutory coverage, the statistics also speak for private accident protection. Most accidents happen during leisure time and at home, which means outside the workplace environment described above. As a result, if you have an accident at home or while pursuing a hobby, you may receive no benefits at all from statutory accident insurance. 
That is why private accident protection is so important. It can offer higher insured sums and, depending on the plan, an accident pension – and it protects you 24/7, worldwide, regardless of what you are doing when an accident happens.

What should you look for in private accident insurance?

There is a wide range of accident insurance plans that differ not only in price but also in quality. These are some key criteria to consider when choosing a plan, so you can match the benefits to your personal situation.

• Sum insured / disability benefit
• Structure of the benefit schedule for loss of limbs and functions
• Inclusion of an accident pension
• Death benefit
• Transitional benefits and immediate benefits
• Coverage scope for cosmetic surgery
• Daily hospital allowance
• Infectious diseases (tick bite) and vaccine injuries
• Dental replacement
• Additional clauses, such as alcohol clauses or gross negligence

I recommend getting professional advice before you sign a contract and having the plans and their terms compared in detail. As Havel Spree Finanz - Your Insurance expert for expats, I help you understand what is really covered and choose a solution that fits your life.