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April 2018

3 good alternatives to occupational disability insurance

3 good alternatives to occupational disability insurance

Alternatives to occupational disability insurance are particularly important for people who can not take out occupational disability insurance for a variety of reasons. Examples are pre-existing conditions or too expensive policies. But the financial security for the case of premature retirement from the profession is indispensable.
Nach Unfall: Es gibt Alternativen zur Berufsunfähigkeitsversicherung
There are some good alternatives to disability insurance

Why are alternatives to occupational disability insurance necessary? In the latest occupational disability insurance tests, BU insurers are often rated positively – there is often scope for improvement only in terms of price. In principle, the occupational disability insurance is an important protection against occupational disability and the resulting financial risk. Already every fourth employed person retires prematurely from working life today. An occupational disability insurance gives him a monthly pension if he can no longer practice his last job for at least 50 percent and for more than six months.

Cheaper alternatives to occupational disability insurance

However, not all those for whom occupational disability insurance would be advisable can by no means complete one. Often, it is too expensive for professionals in risk groups – such as roofers or nurses – as it can cost several hundred euros a month. In the meantime, however, the range of alternatives to occupational disability insurance is becoming ever broader – as a rule, the insurance cover offered then covers fewer benefits, but is also much cheaper. Good and cheaper alternatives to occupational disability insurance are disability insurance, accident insurance or dread disease insurance.

However, Stiftung Warentest advises: “First try to take out occupational disability insurance, which is your first choice for anyone who relies on their workforce.”

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Disability insurance: 1. Alternative to occupational disability insurance

Disability insurance is cheaper than disability insurance, and health issues are less extensive. The disability insurance, however, also jumps much less frequently. Those who can no longer work 50% of their last job, but who could take up another gainful employment, are not yet incapacitated and therefore receive no benefits. Only those who can no longer work would also receive a monthly pension from the disability insurance.

2. Alternative to occupational disability insurance: the accident insurance

An accident can result in permanent disability or disability. For example, anyone who injures themselves in their free time is not even covered by statutory accident insurance and receives no financial support without private accident insurance. However, especially in the case of permanent health impairments, for example, there are costs for the conversion of the house. In addition, after an accident with loss of wages must be expected. Depending on the contractual arrangements with the accident insurer, an invalid can also receive a monthly pension. However, the accident insurance pays only in an accident, while the occupational disability insurance intervenes depending on the manpower. As is the case with disability insurance, accident insurance is also a cheaper alternative to occupational disability insurance.

Dread Disease Insurance: 3rd alternative to occupational disability insurance

Dread Disease Insurance is a not-too-common alternative to occupational disability insurance. So far only a few providers have a dread disease insurance in their portfolio. The insurance, which is referred to in German as “serious illness insurance”, offers its services for up to 60 such serious diseases: Anyone who suffers from a heart attack or stroke, suffering from multiple sclerosis or cancer, receives a one-time payment from a Dread Disease insurance. It does not matter whether the person concerned was previously at work or not. Whether he can resume his last job or retrain, does not matter.

A disadvantage of this insurance is however: Mental illness, joint and back complaints are not insured. Who leaves because of a depression from his job, receives no benefit.

Here you will find tips and more information on occupational disability insurance.

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Best liability insurance in the test: Stiftung Warentest compares

Best liability insurance in the test: Stiftung Warentest compares

In issue 1/2013 of the magazine Finanztest, the experts of Stiftung Warentest have now presented the best liability offers with valuable extra services. Already in September 2012, Stiftung Warentest tested the best family rates in private liability insurance. Very good reviews received tariffs from Interrisk, Asstel and the Gothaer insurance.
Some liability insurance companies also provide neighborhood assistance

Very good liability insurance with extended protection

In a comprehensive test, Stiftung Warentest recently compared more than 250 family tariffs from a total of 72 private liability insurers in September 2012 and selected the best offers as test winner. From all the tariffs, which had received a very good rating in the liability insurance test, the testers now sought out the offers that provide a hedge of at least 10,000 euros for damage in courtesy, borrowed, rented or leased property and the inventory of a holiday home abroad Offer.

Update November 19, 2014: After nearly two years, Stiftung Warentest has once again gone in search of the best liability insurance. Consumers can therefore count on 2015 that there are many very good offers. Of the 235 family rates surveyed, almost one in two is very good.

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Extra benefits in the private liability

Not all private liability insurances will pay if damage to the neighbor occurs in a favor or the insured accidentally damages a friend’s loan. In particular, in the case of a removal damage, an additional service usually has to be agreed, so that the insurance covers the costs, if the removal aid for a friend is damaged.

Best liability insurance 2013

According to Stiftung Warentest, there are some recommended rates that offer these extra services. Among other things, Interrisk’s “XXL” tariff, Asstel’s “Comfort” tariff, Gothaer’s “Top” and “Top Plus Plus” tariffs cover the damage that private liability insurance usually does not pay for. The providers Bruderhilfe, Concordia, Haftungskasse Darmstadt, NV, Allianz, Ergo and Ergo Direkt as well as Neckermann are named test winners in the current Finanztest issue.

Check liability insurance

If you are not sure whether your private liability insurance covers any damage that may be caused by the neighborhood assistance or lent items, you should ask the provider. Especially in the case of older contracts, it is also advisable to check liability insurance in this context and to renew it if necessary. A free and non-binding tariff comparison can help you to find a very good private liability insurance at a reasonable price. Use our online rate calculator to compare the prices and services of many insurers in detail and at your leisure.

Family tariff with extra protection from 64 Euro per year

The best protection with the performance enhancements for the whole family, there are, according to Stiftung Warentest 2013 at the Huk24 and the Huk-Coburg General. The tariff “Classic” with a sum insured of 15 million euros, which both insurers offer, costs only 64 or 67 euros per year.

Here you will find tips and more information on private liability insurance.

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