It is important to obtain “Private Haftpflicht Versicherung” insurance in Germany. The private, third party liability covers you when you accidentally destroy other people’s property. If you own a car you are obliged to purchase motor vehicle third party liability insurance.

Most banks offer insurance as well. Other well-known insurance companies are Allianz and DEVK just to mention a couple.

When choosing your insurance it is sometimes better to take only part-packages as you might not need full, comprehensive insurance. When choosing insurance you need to check how much you have to contribute if you need to claim from your insurer and you lose your “no claims bonus”, which can significantly increase your repayments.

The best thing is to seek advice from an independent advisor.