How does it actually work with damage to one's own property under private liability insurance?
Paying for insurance is a nuisance, but when an accident occurs, you're incredibly relieved to have financial protection. This means you don't have to bear the costs yourself; the insurer does. Personal liability insurance kicks in if you accidentally cause someone physical or financial harm, or if you cause property damage. For example, if you spill coffee on your classmate's laptop or hit someone with your bicycle in traffic. But how does liability insurance actually work when you yourself are injured?
Liability insurance does not provide protection in case of damage to one's own property.
Personal liability insurance covers damages you cause to other people or their property. If you accidentally damage your own property, you're out of luck. In this case, you are both the perpetrator and the victim. There is no legal provision for this, so personal liability insurance won't cover it, and you'll have to bear the costs yourself. Damages caused by family members who live in the same household or are covered under your insurance policy are also not covered by liability insurance.
If you have home contents insurance, your belongings are insured against at least the following types of damage:
- Fire
- tap water
- Hail/Storm
- Burglary
- Theft (usually optionally insurable)
Liability insurance for students
Don't worry, good insurance doesn't have to be expensive. We at allmaxx have various insurance plans specifically for students and young people that protect you from high claims costs if something happens.
