A household insurance is usually necessary for experts
- Household contents insurance is part of many households’ need to protect their belongings.
- In order to find the best protection, the consumer advocates put 60 insurers through their paces in a new test.
- Since above all the place of residence as well as the achievements decide which tariff convinces, an individual comparison of several offers is recommended.
Burglary, bicycle theft and fire were among the most common reasons for claiming home insurance in 2016. Because this comes up for such damage. However, some insurers refuse to cover the costs if the insured acted grossly negligent, for example by not closing the front door or leaving a window open. Especially older contracts provide for a reduction in benefits in such cases, warns Stiftung Warentest in a new investigation.
Therefore, according to their most recent test, it is not only necessary for most households to take out household insurance. Rather, insured persons should then regularly check whether the price and benefits are still right .
For the current financial test (04/2018), consumer advocates have examined 144 tariffs of 60 providers. Only tariffs that pay for gross negligence were taken into account.
Household insurance in the test: Depending on the location various top rates
Stiftung Warentest has adopted two model households for the current household contents insurance test in order to compare the various tariffs in the best possible way. In both cases, a 45-year-old man owns a 100 square meter condominium in an apartment building. In the first case, the apartment is located in a district of Munich, where the risk of burglary is rather low. The tariffs are therefore usually cheap. In the second case, the insured lives in Cologne in a region with a high burglary risk. Insurers Medien, Schwarzwälder and Docura offer comparatively cheap protection for both cities.
A closer look at the results shows that the costs for home contents insurance in Cologne sometimes fluctuate by several hundred euros, depending on the tariff. So the difference between the most expensive and the cheapest tariff in the test is 385 euros a year . With contributions between 131 euros and 167 euros annually, insured persons can secure their household effects in Cologne at these five providers in a particularly cost-effective manner:
- Ammerländer – Comfort
- The Liability Insurance Fund – Simply Better
- Media – Premium
- Black Forest – Exclusive Fair Play Direct
- WGV – Optimal
All rates include bicycles up to a value of at least € 1,000. However, the offers do not contain any protection against natural damage, so that a supplement to the household insurance is necessary if necessary.
Service: As the test shows, there are big price differences between insurers. Interested parties can therefore sometimes save several hundred euros if they compare the tariffs of different providers and opt for a powerful, yet affordable offer.
Comparison to household insurance: view of the place of residence necessary
Some of the top rates have changed from the autumn 2016 consumer organization’s latest Consumer Discretionary Review. However, the contribution level has largely remained stable, according to the experts.
To find out how expensive home contents insurance is, it is necessary to take a look at the benefits and the place of residence of the insured person. After all, insurers have defined various risk areas in Germany . The greater, for example, the risk of burglary, the more the security for the household costs.
In the household insurance, a sufficient hedge is necessary
For many insured changed the equipment of their apartment over the years. So they often put themselves a higher quality housing than at the conclusion of the insurance. For household contents insurance, it is therefore usually necessary for insured persons to always keep an eye on the scope of benefits . Otherwise, there is the risk of being underinsured in the event of damage and thus not getting enough money from the insurance company to replace the household effects.
The guideline for the sum insured is 650 euros per square meter. In general, this amount is sufficient. Nevertheless, insured persons should assess briefly whether they can replace their entire household contents in case of emergency. If this is not the case, the sum insured should be set higher.