Which insurances make sense?

It feels like there is insurance for every situation in life, every valuable item and every part of the body. But what really has to be, what is additionally useful and what can be safely left aside?

Overcautious and well insured. This is how you imagine the typical German. The truth, however, is different, as the federal Bureau of Statistics has discovered. Accordingly, a large percentage of German households are not adequately insured against existential risks. Of course, different households need different insurance coverage. However, health insurance is a must for everyone. Car owners also need mandatory automobile liability insurance, and pet owners in some states also need so-called pet owner liability insurance.

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What to do after a traffic accident that was not your fault?

Traffic accidents occur thousands of times a day in Germany. The risk of being involved in a traffic accident in the course of one's life is therefore quite high. One moment of not paying attention and it happens. But what is actually the case if you yourself have acted completely in accordance with the regulations?? How to get justice as an accident victim?

Here's what you should be aware of in the event of a traffic accident that was not your fault.

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What is car insurance?

Auto insurance is required by the state and provides you with some financial protection in the event of an accident. But is this enough? What options are available? Learn how car insurance works and what types of coverage are available. The amount of the motor vehicle insurance is based on the no-claims bonus class.

The basics of auto insurance

Car insurance is a contract between you and the insurance company that protects you from financial loss in the event of an accident or theft. In exchange for paying a premium, the insurance company agrees to pay your losses as outlined in your policy.

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What to do when you receive a car accident citation

There are approximately 6 million car accidents every year. But when most people think about getting into an accident, they often don't imagine being at fault.

If you're the one responsible for a collision, there's a good chance you'll get a car accident citation when the police arrive. The next steps can be intimidating for those who have never been in this situation before.

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What happens if more kilometers are driven than specified?

Annual mileage is among the most important information to include in an insurance policy. If it's wrong, it can have expensive consequences.

Anyone who takes out a new car insurance, or changes the provider, knows the procedure: Pages and pages – or seemingly endless clicks on the online portal – the insurance company wants to know details about car, driver and more. Residence? Garage available? Married? Age of all drivers? Annual mileage?

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What can i deduct for tax purposes?

The tax return is a must in Switzerland year after year. Every adult resident in Switzerland is obliged to file a tax return. It is a vexed subject, but it can also be useful as you can get money back. This can be achieved if you deduct various expenses for tax purposes. It is important that you know what you can claim for tax purposes and up to what amount this is possible. In the individual cantons, the regulations may differ in detail. This also applies if you file your tax return online.

Insurance premiums are tax deductible

Insurance policies are useful because they protect you from high costs in the event of a claim. You can declare various insurance premiums on your tax return. However, this is not possible with all insurances.

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Waste less money part 2 what can i do to waste less money?

But how should this be possible in practice, after all, not everyone wants to turn over every penny three times and meticulously keep household accounts?

In our 4-part series we show you today what you can do concretely against the waste of money. Or rather, how you can manage insurance, contracts and subscriptions more efficiently in the future.

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