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Private liability insurance: is coverage of five million sufficient?

Private liability insurance: is coverage of five million sufficient?

It is clear that private liability insurance must be available and does not need to be discussed. Damage happens too quickly and should not be paid for out of pocket if possible. Especially since the polluter is fully liable for any damage and that with all of his private assets and, if necessary, for life. But not only the question of whether a liability insurance has to be available is important, but also how much it should be taken out.

High sums possible in insurance cases

If someone drops the neighbour's good camera on the ground at the garden party, that's a case for liability insurance. It takes over the damage and regulates it, whereby the amount of damage here is usually in the hundreds to low thousands. But what if a person is harmed? For example, does the postman slip on the way to the agreed storage location on the property, break his leg in a complicated way and fall out for months? A personal injury with the following financial loss due to the loss of earnings does not go into the four-digit range. The costs for the actual treatment are very high, loss of earnings must be paid and damages may have to be paid. In addition, follow-up costs can arise for many years to come. Such costs are not only unpredictable, but also at a level that a normal citizen can hardly raise from his savings. Private liability insurance pays for such damage. But this in turn only up to the agreed coverage level, which is usually between three and ten million francs. Most insurers offer coverage levels of three, five or ten million francs, only in some cases individual amounts need to be agreed in between.

This is how high the amounts insured should be

Even if really high sums of damage are rare, they do happen. Does it hit someone liable, doesn't it help that the sums of money are rarely high? he has to pay and maybe get into debt for life because his insurance does not have sufficient cover. So would you prefer to agree on a very high coverage and thus be completely covered? This is also unnecessary, because excessively high coverage also entails very high premiums.

It is therefore important to weigh up the risk and then determine the coverage levels. These are some of the questions that need to be addressed when making an initial assessment of the correct coverage:

    • What kind of activity can I do a lot of damage?
    • Am i a homeowner?
    • Do I rent residential, commercial or storage space?
    • Are strangers out and about on my property?
    • Do I have children who can cause harm?
    • Am I doing a sport that can harm others?

These questions are only to be seen as examples and can be individually adapted and expanded. It is important to clarify the personal basic needs. Pensioners who live alone in their house have a significantly lower liability risk than a family with three children in an apartment building. In addition, personal security needs should be taken into account. If you only feel comfortable when every eventuality is covered, should you pay higher premiums and benefit from being completely covered in every situation? even if this will never happen. Experts call this risk aversion, meaning the rejection of any risk.
In any case, it is important to clarify any disclaimers of liability before concluding the contract, because these can also be agreed.

Conclusion: Ten million is sufficient as coverage

Anyone wondering how high the coverage in the liability insurance should be, can assume that with a sum of ten million francs, both personal injury and financial loss are adequately covered. Depending on the individual risk, which should be clarified before concluding the insurance contract, a lower sum may be sufficient. It is usually possible to arrange coverage of three, five or ten million francs. Important: If the sum insured is insufficient, the person who caused the damage is liable with his private assets for the additional costs.

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Accidental fire alarm: who pays the effort?

Accidental fire alarm: who pays the effort?

The fire brigade has to move out because a guest in the hotel accidentally pressed the fire alarm. The guest receives the invoices for this and has to accept them both. An expensive oversight!

the initial situation

A couple has been spending their holidays in the same hotel for many years. We know each other by now and so the couple chats with the hotel manager in the hallway. The guest takes a step back and unintentionally bumps into the fire alarm, which is attached to the wall at shoulder height. The manual alarm button does not trigger the alarm in the hotel itself, but reports it directly to the nearest fire brigade headquarters. To explain: Manual alarm buttons are often to be found where a lot of public traffic is to be expected. They are equipped with an alarm button in the middle, which is secured by a glass pane. After smashing the pane, the button can be pressed.
The fire brigade was on site only a short time after the alarm was triggered in the hotel. The hotel was billed 400 francs for the false alarm. In addition, there was 500 francs for a new detector because the old one could no longer be reset to its original position. Both bills were passed on to the guest who was responsible for the fire service.

A case for insurance?

According to the guest, it was clear that he would have to pay for part of the costs, after all, the unnecessary effort was on his account. But it was too much for him to be responsible for the entire bill. So the question arises whether such a false alarm is not a matter of liability insurance. The hotel manager was of the opinion that the fault was clearly attributable to the guest, so he would also have to be liable for the damage. This is a typical liability claim for the hotel.
Liability insurance sees it differently, however, because it does not cover financial losses. She pays 300 of the total of 900 francs, with the assumption of costs being limited to the repair costs. From this, however, another 200 francs was deducted, which was agreed as a deductible. The fire brigade itself is not covered here because it was neither property nor personal injury.

Whether and to what extent the liability insurance has to be liable for the unintentionally triggered fire alarm varies. While some providers take such damage completely out of the service, other insurance companies would have covered the costs and only withheld the deductible.
The Swiss Fire Brigade Association says that it is usually common for such an unintentional use not to be charged for the first time. The reason is that this could happen to anyone and the fire brigade would prefer to be there, even if it turns out to be unnecessary. However, if such an incident happens again, costs would be charged. From the second time on, it is therefore possible that the polluter receives the invoice for the fire service. The respective municipality is responsible for the amount of the invoices.
In the present case, the fire brigade was in the hotel for the second time because the fire alarm had been triggered unintentionally. Now there was the bill and it hit the guest. Unfortunately, rightly so, as it turned out.

Conclusion: Unintentional fire alarms can be expensive

Anyone who unintentionally triggers a fire alarm must expect this mishap to cause high costs. Because the fire brigade has to go out and switch off the alarm, sometimes it is necessary to replace the fire alarm. The polluter must bear the costs for this. In the best case scenario, there is liability insurance that covers the costs, with the deductible being deducted. However, it is also possible that the insurance does not bear any costs and that the person who caused the damage has to pay for the damage alone. The municipalities are always responsible for how high the bill may be, because they set the fees for firefighting operations themselves.

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Household contents insurance: Up to 60 percent difference between the providers

Household contents insurance: Up to 60 percent difference between the providers

Household contents insurance is certainly one of the most important types of insurance. But the costs for this differ enormously depending on the provider. A comparison of the providers shows a difference of up to 60 percent.

Don't be blinded by great offers

As always, a lot is promised in advertising. What to think of this is a completely different matter. For example, there is often talk of a combined discount, which offers benefits for taking out combined household and personal liability insurance. Nevertheless, a comparison shows that the premiums for these combination offers are sometimes up to 60 percent higher than for individual insurance policies. However, the insurance benefits are equivalent.

An example: With Smile Direct, home insurance costs 167 francs for a single who wants to insure a value of 80,000 francs. Mobiliar's private liability insurance costs 116 francs. If these insurances are combined, they cost CHF 283. However, if you take out the combined package with Zurich Insurance, you pay a premium of 431 francs, which is significantly more expensive. Even the combination packages that are offered by a very affordable insurance company are more expensive than individual insurance policies in-house.

It's worth taking a closer look

Some insurers advertise with particularly low combined offers and offer, for example, a discount of 10 percent. But this means that the insurance as a combination variant is still significantly more expensive than when the insured person looks for another provider. Even with the same provider, can individual insurance be cheaper than a combination of the two? admittedly necessary? Insurance. Even with shared apartments, the insurance combinations are not cheaper; even with offers for families, these are cheaper to take out individually.
Experts therefore recommend carefully checking the offers in any case and just not necessarily concluding them where discounts are attractive. Even if these seem to be lucrative at first glance and seem to push the premium far down, it is the individual insurance policies that are better to take out and where the most money can be saved.

Tip: The big insurers do not act any differently here and try to dazzle with bait offers. It is certainly easier to run the insurance with one provider and not have to deal with several insurance contracts. In the long run, however, you can save a few francs if you invest in individual insurance instead of combined packages.

Conclusion: It is worth taking a closer look

If you want to save money on insurance, you should definitely take a closer look. Because: The offers are often only intended for advertising purposes and are not really aimed at saving the insured person money. A closer comparison shows in some cases differences of up to 60 percent, which make combination insurance more expensive than individual products. It is undisputed, however, that both household contents and private liability insurance are among the most important types of insurance and must be available in any case. Therefore: it is better to invest a little more time and effort in the comparison before taking out the insurance and save a lot of money for it!

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Household contents insurance: what counts as natural hazards?

Household contents insurance: what counts as natural hazards?

When it comes to natural hazards, there is often talk of storms, floods, landslides or similar events. In general, it is about natural disasters that are included in the contents insurance. However, glass damage caused by the natural event can usually be insured separately.

These natural hazards are insured

Fire and natural hazards are defined in the supervisory ordinance, including floods and avalanches. It also includes storms and landslides. Fire and natural hazards are covered as basic risks in the household contents insurance and are listed there alongside water damage and theft.
According to the Insurance Supervision Act, cover for natural hazards is included in fire insurance, which also includes fire, sudden smoke development, explosion, lightning strike and the crash of aircraft and spacecraft. The following natural hazards are included in home contents insurance:

    • landslide
      Buildings or parts of them are destroyed by a falling slope.

    • Flood
      If a lot of water occurs due to heavy rainfall and remains within the limits that man has set for it, one speaks of flooding.

    • Falling rocks
      A house wall is damaged by individual stones.

    • flooding
      Damage is caused by a disproportionate amount of water that exceeds the limits set by humans (e.g. rivers and lakes overflowing their banks).

    • Rockslide
      Buildings or parts of them are destroyed by a rockfall, with large masses of rock forming the basis.

    • Storm
      Storms with wind speeds of at least 75 km / h cause damage, roofs can be thrown off or trees can be knocked over.

    • hail
      Hailstones destroy skylights and tiles.

    • Snow pressure
      Snow collects on the roof and pushes it in.

These natural events cannot be insured

If earthquakes or volcanoes occur, the damage they cause is annoying, but it is not insurable. Subsidence, damage caused by poor subsoil, penetrating groundwater or water from artificial water systems can cause damage, but these are not included in the household contents insurance as natural hazards. There are also many other damage events that are excluded from household contents insurance, examples of which are line usage, snow slides, damage caused by faulty building structures, frost damage or pandemics.
Tip: In many cantons it is possible to take out household contents insurance on a voluntary basis; in the cantons of Nidwalden and Vaud, insurance against fire and natural hazards is mandatory. Insurance is also compulsory in the cantons of Jura and Friborg, but there it is not to be taken out via the cantonal building insurance, but the insurance provider can be freely chosen.

Insured water damage?

Water damage in particular occurs very frequently, but it is not always clear whether the insurer has to pay for the damage or not. Therefore: If the damage is caused by an act of God, the building insurance is responsible for the property, the furniture is covered by the household contents insurance. If, for example, water leaks from the washing machine, the property must have a building water insurance policy; the household contents insurance is responsible for the household effects.
Important: A statutory deductible of 500 francs must be taken into account for all water damage.
Important: The amount of home insurance should be adjusted again and again. Over time, new furniture or valuables may be purchased. In principle, therefore, the amount of the household contents insurance must be adjusted accordingly if the value of the household effects increases.

Conclusion: Not all damage is covered by household insurance

Building insurance is important for all property owners, because damage caused by natural forces to the building is covered by this insurance. For the furniture, on the other hand, household contents insurance is important, which bears the damage caused by natural forces. It is important to adjust the amount of the respective insurance to the value of the building or the inventory and to check it regularly.

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E-skateboards and hoverboards: neither toys nor vehicles

E-skateboards and hoverboards: neither toys nor vehicles

They are currently being seen more and more often and are enjoying great popularity: E-skateboards and hoverboards are many a young person's dream. A dream that can cost you dearly, as the example of Danny Vivas from Würenlos shows.

The current case of Vivas

Danny Vivas is an apprentice and therefore does not earn much. Nevertheless, he saved his apprenticeship wages for a long time and finally fulfilled a dream: It should be an e-skateboard! With this now Vivas whizzed through Würenlos, but made sure not to turn on the electric drive on the streets. He met two policemen and the fact that he could have turned on the drive brought him a fair sentence. Vivas had assumed that an e-skateboard with the motor switched off was considered a normal skateboard. He was walking on the sidewalk, moving with the strength of his legs alone.

The police allegedly heard an engine noise and could not be convinced that the skateboard would make a similar noise with the engine turned off. They would have let him drive on, but he was summoned to the police station the next day. There the question was whether he had ridden his board, which Vivas answered in the affirmative. He actually rode an e-skateboard, just without a motor.
The result was that Vivas received a penalty warrant stating multiple violations of the Road Traffic Act. The reason: The owner knew that he was not allowed to drive it on public roads and would have done it anyway, but the e-skateboard had no liability insurance and no license plate.
Vivas filed an objection, but withdrew it on the advice of his lawyer. He could not prove that he was right and should now pay the fine. 960 francs were imposed on him, which came from the fine and the administration fees.

The legal situation for e-skateboards

The judiciary sees the matter a little narrower than most owners of modern e-skateboards and hoverboards: They don't care whether an engine is turned on or not. The fact is that it exists and can theoretically also be used.
The problem with these vehicles: they are usually not powered by muscle power, but have a motor. This means they can go up to 15 km / h, and in some cases even reach higher speeds. On the other hand, however, are the liability insurers who are of the opinion that the vehicles are not roadworthy and consequently cannot be insured. This in turn gives rise to the problem: on the one hand, the skateboards are too fast to be classified as children's vehicles, on the other hand, they are still declared as such. Without insurance but no approval for road traffic and so the e-skateboard fans go around in circles.

E-skateboards and hoverboards are therefore only allowed to be used where they do not pose a risk to road traffic, i.e. on private property. Since most skateboarders do not want to be out on bumpy property, but want to use their vehicle in everyday life, there are always violations and violations of the applicable law in Switzerland. The 960 francs imposed on Danny Vivas mentioned at the outset are still regarded as a minimum fine, because at least 400 francs are due for such an offense. The remaining 560 francs can be seen as a processing fee. However, fines of up to CHF 1,200 (plus processing fees) are possible and have already been imposed in the past.

Conclusion: Better to do without e-skateboards and hoverboards in public spaces

E-skateboards and hoverboards should ideally not be used in public spaces, because they are not allowed here even without motor assistance. The law makes no distinction between an engine that is stopped and one that is not in use. So if you don't want to risk a penalty, you prefer to use a normal skateboard and drive the electric fun vehicles only in private space.

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Important tips: Protection against breaking into your house or apartment

Important tips: Protection against breaking into your house or apartment

The holiday season is the high season for thieves and burglars, but even in winter, when it gets dark early, your belongings are at risk. It is therefore important to take the appropriate measures to protect yourself against a break-in.

Protection tips: How to secure your house and apartment against burglars

To protect your house or apartment from burglars, the first step is to lock it! Even if you only have to go to the mailbox or the supermarket around the corner, the house should be locked. The key does not belong under the doormat, under the next flower pot or in the shoe next to the front door.
These tips are also helpful:

    1. Keep windows closed
      An open window is like an invitation for burglars, especially since tilted windows don't even have to be opened forcibly to get into the house. If you are not at home, you should therefore close all windows. Tip: If a window is tilted and there is a break-in, the insurance will not cover the costs because such a window is considered open for insurance purposes. The break-in is now just a simple theft, in which unsecured cash or jewelry and other valuables are not insured.

    2. Asking neighbors for help
      Who goes on vacation? even if only over the weekend - should ask his neighbors to keep an eye on the house and property. In the opposite case, this help should of course also be offered!

    3. Empty mailboxes regularly
      An empty apartment is often revealed by an overflowing mailbox. It therefore makes sense to empty it or leave it empty during vacation times. Mail delivery can also be interrupted for the period of absence, but neighbors should remove newspapers and direct mail.

    4. Pay attention to markings
      Do you know crooks? If not, learn what this is about as soon as possible. Because with these signs criminals communicate with each other and inform each other that something can be got here. New markings on buildings should be photographed and sent to the police. The marking should then be removed.

    5. Be active
      Those who are at home are less likely to be hit by a break-in. But if you don't want to stay at home permanently, you have to at least fake activity and presence. This is made possible by the use of time switches, time-controlled lights and lamps, and TV simulators. Modern technology also offers good solutions via smart home equipment.

    6. Silence
      If you won't be at home, you shouldn't spread this fact around everywhere. Anyone who reports on Facebook and Co. that they are not at home but on vacation should not be surprised when burglars use this information for themselves. They like to get information on social media and find out who is at home and who is not.

Conclusion: the little things make the difference

Good burglar protection is less about installing an alarm system. It's far more important to think about all the little things that tell burglars that nobody is home or that make it easier for criminals to get into the building. Therefore: Don't hide your keys, leave the windows open or announce on social media that nobody is home!

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Whether skiing, snowboarding or sledding? So you will come home safely

Whether skiing, snowboarding or sledding? So you will come home safely

The ski season has started and numerous winter sports fans are drawn to the mountains again. Whether for skiing, snowboarding, cross-country skiing or sledding? there is something for everyone. So that you get home safely, you shouldn't do without proper preparation! 

Proper preparation for fun in the snow

Maybe it's been a few years since you last stood on the board. This makes physical preparation for the coming season all the more important. Often skiing, snowboarding or sledging is underestimated and thus leads to accidents. Especially during the Corona period, even more people than usual are looking to escape to the mountains. Several thousand visitors quickly come together and the slope is full of beginners to professional skiers. As a result, great attention and consideration should be given.    

In order to arrive safely back in the valley, it is worthwhile to train your endurance, strength and flexibility. Since the muscles also play an important role in snow sports, you should do strength and stretching exercises once or twice a week. Especially now that the possibilities for physical movement have been restricted, it is important to prepare as well as possible for the winter sports days.

The following are suitable for this:

    • to jog
    • A long walk
    • Home workout

In addition to the physical preparation, a quick look at the equipment before departure doesn't hurt. In what condition is your ski or snowboard equipment? It is recommended that you have your equipment checked in a specialist shop for the best driving experience on the slopes. Helmet, ski goggles, back armor and, if necessary, wrist guards are a must on the slopes. It is better to try on the clothing again before use so that you can ensure that the protection of 100% can be guaranteed. A helmet that is too big does not provide protection in the event of a fall.

On the slopes? finished ? Come on!

Before the first ride, it is advisable to warm up to avoid any strains. Adapt your driving speed to the snow and weather conditions so that you are not suddenly surprised by a fork or lose control. If this is your first time on the slopes, it is worth attending a course. Taking a break when you feel weakened will reduce the risk of injury.

Insurance tips:

So that you are well insured not only on the slopes, but also off the slopes, it is worth checking your insurance cover again before leaving.

health insurance

How are you covered in the event of a skiing accident? For people who do not work more than 8 hours a week, it is important that accidents are included in the health insurance, otherwise you will have to pay for all costs yourself. To avoid this, find out about your current insurance coverage in advance.

Would you like to optimize your health insurance? click here and compare all health insurances without obligation and free of charge.

travel insurance

A week's skiing holiday in a hotel in the mountains was planned. Shortly before departure, a family member fell ill and the vacation had to be canceled. In such cases, travel insurance is very helpful.

Don't know if you own one or are interested in travel insurance, then compare here Your travel insurance without obligation and free of charge.

Household insurance

After a few trips, treat yourself to a short lunch break in the restaurant. You leave your skis in the ski depot and when you return from your lunch break, was it gone? the ski was stolen. Now the question arises, are you insured against theft abroad?

If you are unsure whether this is included in your package or if you do not have any household insurance at all, click here and compare all home contents insurances without obligation and free of charge.

Personal Liability Insurance

It is slowly getting dark and you are on your final journey. The fog covers the slope more and more and makes visibility worse. Further down you overlook a fork and the snowboarder coming from the right. They lose control in shock and collide. At the same moment the snowboard breaks. The snowboarder insists that you pay for the damage incurred. This is where your personal liability insurance comes into play.

If you do not yet have personal liability insurance or would like to compare your current insurance with other insurances, then click here.

Conclusion: Safe driving is twice as much fun

Numerous ski areas have reopened their slopes and attract several thousand visitors. The whole thing is to be enjoyed with caution. With good preparation, nothing stands in the way of you. On the slopes? finished ? Come on!    

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Moving to another apartment: what applies to household insurance?

Moving to another apartment: what applies to household insurance?

When moving to another apartment, many questions arise. Some of these concern insurance coverage: What happens to my home insurance? Does this still apply or do I have to take out a new one?

A closer look at different cases

There are several options when moving: You move in with or away from a partner, you move into a shared apartment or a condominium. The following cases illustrate how the household insurance should be handled in each case:

    • Moving in with the partner
      A household only needs household insurance. This should then have the family cover, so that all family members are included in the insurance. Incidentally, this applies to household contents insurance as well as to liability insurance. If you want to keep your existing household contents insurance, it is sufficient to inform the insurance company that you are moving in with your partner and the old contract will be terminated or will be replaced by the new one. Important: When two people move in together, the value of the household effects usually increases, because everyone brings something from their household, and often all the pieces of furniture are retained because, after all, the new apartment is also larger and therefore no restrictions have to be made in terms of furniture. The sum insured should always correspond to the replacement value that has been calculated for the entire household contents.

    • Moving into your own apartment
      If you move into your first apartment, you have to take care of the contents insurance. Damage to the rental object, i.e. to the apartment itself, is covered by personal liability insurance, which can be integrated into the household contents insurance. It is important to analyze the entire household contents and determine how high the sum insured should be. Please avoid underinsurance!

    • The partner moves out
      If the partner moves out, household insurance should be checked. Family coverage is no longer necessary, at least if there are no other people living in the household. If the value of the household effects decreases when the person moves away, the insurance should be adjusted accordingly. This allows the premiums to be reduced, because overinsurance does not bring any advantages.

    • Move to a shared apartment
      Each flat share resident can take out individual insurance for his part of the household effects of the shared flat. However, this is usually more expensive than an overall policy for the entire apartment and the people who live there. However, it may be more practical because whoever moves out basically takes their share of the insurance with them. In the meantime, however, the insurers offer tailor-made products for household effects and private liability for shared apartments, which usually also include liability to roommates. This is where WG insurance differs from normal household contents and liability insurance.
      Tip: You may still be covered by your parents' family insurance if you do not yet have your own income. Then their insurance also includes the household effects of the child living in a shared apartment.

    • Move to the condominium
      If you move to your condominium, your household contents insurance should also include broken glass so that, for example, windows or the glass ceramic stove are also insured. The furnishings that are firmly connected to the building (for example the fitted kitchen) must be covered by a mandatory building insurance, here household insurance alone is not sufficient.

Conclusion: Individual insurance protection after moving

The insurance cover for household items must be adjusted individually after moving. It is particularly advisable to check the insured values because it is easy to over- or under-insure after moving to another apartment.

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IKEA: furniture and insurance

IKEA: furniture and insurance

We all know IKEA and primarily associate the Swedish furniture store with stable and easy-to-assemble home furnishings. Now IKEA wants to significantly expand the service area and is relying on insurance.

IKEA sells insurance

The Swedes can do more than just build good furniture: IKEA now also sells insurance, albeit in far fewer countries. First of all, it's Switzerland's turn, and insurance is already being offered in Singapore. These are sold online, for which IKEA has set up its own channel. The product is called? Hemsäker ?, which comes from the Swedish words for? Home? and sure? is composed.

This insurance product combines the areas of household insurance and, as usual, private liability insurance. The Swiss even have a big advantage here: They can take out liability protection individually and are not tied to the combination product. In Singapore, on the other hand, people have to take both products because they are not available separately.

Adjusted prices at IKEA

As with furniture, IKEA is trying to be comparatively cheap with its new insurance product. The prices for the policy are therefore also adapted to the components that make up the scope of benefits. The customer can select these modules according to his own specifications and thus adapt his insurance cover individually to his needs.

Members of the IKEA family program have a particular advantage. IKEA advertises them with a voucher that is issued after a year without a claim. The aim should be that minor damage should be paid out of pocket without the insurance having to pay for it.

IKEA as a helper in everyday life

Who doesn't know the Swedish furniture store's slogan:? Make your life more beautiful !? This is exactly the plan now, whereby IKEA sees itself primarily in the role of everyday helper. Because the policies can be offered and taken out online, people should be saved from unnecessary trips. It is interesting that IKEA is not really acting as an insurance partner, but that it is Iptiq. The subsidiary of the reinsurer Swiss Re from Switzerland enables the Swede to offer such a service in the first place.

Conclusion: IKEA as a helper for insurance issues

How fitting that IKEA presents itself as an everyday helper in insurance matters relating to private liability and household contents insurance, as the Swedish furniture store has long since made a name for itself with the special service in terms of furnishings. Everything is interrelated and the help for a beautiful, safe home can be seen everywhere.

How good or bad the range from IKEA is currently not entirely clear. Also, no one knows for sure whether it will be possible to book in countries other than Switzerland and Singapore. In any case, the fact is that there are already differences and in the Asian region both insurance modules can only be booked together. In Switzerland, on the other hand, customers can opt for one module.

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New kitchen, new home insurance?

New kitchen, new home insurance?

Insurers regularly receive inquiries from insured persons: Do they have to adjust their home insurance because they have made a new purchase? The answer to this is very simple: if the value of the household effects increases, the sum insured must also be adjusted.

How is what insured?

First of all, it must be clear what actually belongs to household effects, because there is household insurance on the one hand, and building insurance on the other. The former secures everything that is not firmly attached to the building. This means that electronic devices are covered by household insurance as well as furniture. Building insurance, however, is important for all the things that are firmly connected to the house.

Stairs and doors are good examples of this, and bathroom furnishings are also included here. If a new kitchen is now purchased, it does not belong to the household contents insurance, but falls within the scope of the building insurance.

The reason for this classification is easily explained: The kitchen is one of the so-called? Purpose-defining facilities? of the house, without the fitted kitchen the kitchen would not be usable as such. This means that the refrigerator also belongs to the building insurance and not to the household items.
The building insurance covers all damage caused by fire or natural hazards, storms or floods.

Buildings insurance will not cover an earthquake because the risk of such an earthquake occurring in our part of the world is too low. It is true that there is the option of taking out private earthquake insurance, but it only really makes sense in areas where such a risk is actually to be expected.

Adjust insurance value?

A new kitchen does not have to be registered and insured separately with household contents insurance. The situation is different in building insurance. Here the kitchen is usually already included in the insurance value. If a new kitchen is purchased, the value of which is significantly higher than the old one, the insurance value should be adjusted.

Today, new kitchens usually have more noble and high-quality materials, very high-quality built-in appliances or a certain technical "bells and whistles" that of course significantly increases the value of the furniture. The sum insured should therefore be checked after purchasing new kitchen furniture. If it no longer seems appropriate, an increase in the amount is advisable.

If the insured value is not adjusted, however, this can be a major disadvantage for the insured. Because if damage occurs, the insurer only pays as far as it has to. There is a risk of underinsurance if the actual building value or the value of the things that are insured in the building insurance is significantly higher than the value recorded in the insurance.

This will only take over the agreed coverage amount. Anything beyond this in terms of value must be paid by the insured himself. If the money is not available from your own reserves, rebuilding after damage will be difficult and usually has to be carried out with significantly lower-quality products.

Tip: In the cantons

    • Uri
    • Schwyz
    • Obwalden
    • Appenzell Inner Rhodes

building insurance is mandatory for property owners. In Ticino, Valais and Geneva, however, it is voluntary; in the other cantons there is cantonal and compulsory building insurance.

Conclusion: A new kitchen does not belong in the household contents insurance

The new kitchen is not a case for home contents insurance, as this only insures things that are not connected to the building. However, the fitted kitchen is installed and thus firmly connected to the house. It falls under the field of building insurance. In this case, however, the building value should always be adjusted if the kitchen is of very high quality and in terms of its value is significantly higher than the previous kitchen. It increases the value of the facility and thus the building.

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