What can we expect next year?

What can we expect next year? The insurer’s survey confirms that the recession has boosted the popularity of long-term investments, with 65% of new customers choosing such schemes. When asked about self-care, nearly half (45 percent) of survey respondents said that “without financial self-care we are vulnerable”. Unfortunately, the crisis has shown this. Before the…

What is Social Security?

Social Security Its existence is based on the contributions made by taxpayers, on a compulsory basis, through their pay slips or through the legally required contributions for carrying out an activity. What is Social Security? Although we have already talked about what Social Security is from a practical point of view, in reality Social Security…

The weather is becoming increasingly extreme

The weather is becoming increasingly extreme. Year after year, many regions of the country are threatened by floods that can cause enormous damage to buildings. Since classic homeowners insurance does not provide any benefits in the event of flooding, homeowners should arrange additional insurance coverage and also cover natural hazard damage. Floods can occur on…

What protection does flood insurance offer?

Flood insurance In today’s world, flood insurance has become indispensable for many. In many regions of Germany floods happen almost every year. The damages are sometimes very massive to the buildings and also the inventory. For those affected, the damage caused by floods without flood insurance leads to high financial burdens. For many affected people…

Definition of “Flood Insurance”

DEFINITION of “Flood Insurance” Flood insurance is a financial tool that protects property owners from water damage to the structure and contents of their property. While flood insurance can be purchased from many different insurance companies, all policies are federally regulated, so the same policy costs the same amount regardless of which company it was…

Flood insurance

Flood insurance Flood damage is covered by flood insurance.The recent flood catastrophes in Germany have shown: flood insurance is elementary in order not to be left sitting on the huge damage sums. Current figures from the German Insurance Association (GDV) show that a large proportion of German homeowners underestimate their own flood risk. In addition,…

What falls under property insurance?

What falls under property insurance? First of all: What is property insurance? The complex thing about this term from the insurance world is: property insurance is a collective term for insurance policies that cover damage to tangible assets – that is, that cover destruction, damage or loss of property or possessions. Thus, the field of…

Child disability insurance

Child disability insurance An illness or accident in childhood can result in lifelong health impairments. In the worst case, those affected are unable to complete vocational training and later provide for their own living expenses. With child disability insurance, parents can ensure that their children are financially protected. Child disability insurance steps in if the…

National Health Insurance

National Health Insurance Only some populations have the opportunity to benefit from government health insurance in the United States. At the state level, there are these three programs: Medicare Created as part of the Social Security Act, Medicare is designed to provide medical care for elderly and seriously pre-disabled citizens. Any American 65 years of…

Health insurance in the USA

Health insurance in the USA The United States stands for unlimited freedom like no other country. And that’s why you can expect some surprises here – especially when it comes to the usually cost-intensive health insurance. Our guide explains the complex system of health insurance in the USA and informs you about your options. History…

Questions about car insurance

How can I pay the premium for car insurance? The premium for a car insurance policy must be paid in advance for the appropriate insurance period. If premiums are paid one year in advance, insurance companies do not take into account any premium surcharges, unlike so-called intra-annual payment methods. What should I keep in mind…

Cancellation of auto insurance

Cancellation of auto insurance You can always cancel car insurance at the end of the contract period. The notice period is one full month. Most contracts end at the end of the year on December 31. If this applies to your contract, the termination letter must be submitted to the auto insurance company no later…

Life insurance why?

Life insurance why? Life insurance combines the advantages of a private pension plan with financial security for dependents – right from the start of the contract. Furthermore, customers can additionally protect themselves against risks such as accident or occupational disability. In addition, Why should life insurance be taken out? Life insurance covers the death of…