What is private liability insurance?
The private liability insurance is designed to protect the property and covers damage that you inflict on third parties. Justified claims are covered by the insurance, while unjustified ones are warded off. In this sense, private liability insurance takes on the function of a passive legal expenses insurance.
Even small damages can result in high claims if, for example, an injury to Person A that you are responsible for leads to high treatment costs or loss of property for you. Private liability insurance covers the financial consequences of the misfortune for you.
A private liability insurance can be taken out cheaply as a combined product with the household insurance.
These risks are insured
Liability claims can quickly cost many thousands of francs and thus become a threat to your existence. Even if private liability insurance is not compulsory, it is therefore highly recommended that you take out one. The following groups of people can be insured:
- Individuals and families
- pet owners
- Tenants (including holiday apartments)
- Homeowners in their own home
- part-time employees
- Members of the Swiss Army, community service workers, firefighters
- Athletes, shooters and gun owners
- E-bike riders and cyclists
- People who take care of things
- Employer of household staff
If a rental property is deliberately changed, however, the costs for this are not borne. The restoration costs of a rental property are not borne by private liability insurance. So if you paint the rental apartment green before moving out, but the landlord wants to have white walls, you have to pay for the correction yourself. Furthermore, property damage, damage due to violations of the law and damage in the context of paid activities are not covered by private liability insurance.
Insured persons and scope
The private liability insurance always covers the persons who are also listed in the insurance policy. Important to note: Coverage under a family insurance policy may vary depending on the provider. For some, children are insured until they complete their first education, for others, however, children up to the age of 30.
A private liability insurance is valid worldwide, there are no regional or spatial restrictions for the scope.
These benefits are insured
Personal liability insurance usually covers damage to property and people. In addition, financial loss resulting from personal injury or property damage is insured. The aforementioned passive legal protection effect comes into play when claims are made against you. The insurance then checks whether you are liable in individual cases or not. If necessary, the claims against you will be warded off.
Additional cover can also be insured: owners of model aircraft can benefit from this extension as well as people who rent or use foreign horses. Third-party driver insurance can also be taken out. This happens when you borrow a car and cause damage. The liability insurance of the vehicle owner does not bear the damage in this case! Important: It can only be an exceptional case. Regular rental and use of the vehicle cannot be covered by third-party driver insurance.
Conclusion on personal liability insurance
Personal liability insurance is rightly named: Even if it is not a real compulsory insurance, it should still be seen as such. It protects against existential risks by assuming personal injury, property damage and financial loss. In addition, it fends off unjustified claims against you and can be expanded with various additional covers. This provides comprehensive protection against liability claims for you or your family.
Find out more about this insurance here and take a household items and Liability insurance comparison in front. An unbeatable combination for your protection!
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