The essential insurance for young parents: How to protect your family!

The essential insurance for young parents: How to protect your family!

Young parents often face numerous challenges when it comes to providing security for their family. An important step is to deal with the right insurance companies in a timely manner. How zeit.de reports, parents should particularly consider family liability insurance to protect themselves against claims for damages. This form of insurance is particularly important because it covers damage caused by children. Children are insured through parental liability until the end of their first vocational training. In addition, they are generally exempt from liability up to the age of seven, provided that the parents' duty of supervision is fulfilled. However, from the age of seven, children are liable to a limited extent, which illustrates the need for family liability insurance.

International health insurance is also recommended. This ensures that the costs of medical treatment are covered in the event of illness if you go on vacation or stay abroad. To ensure financial security in the event of illness, it is advisable to take out occupational disability insurance. Although this can be expensive and is often difficult to obtain, it is essential for all employees who want to secure their income.

Important insurance for families

In addition to occupational disability insurance, term life insurance is also very important. This insurance protects the family if the main earner dies. Loud dierversicherunger.de The sum insured should be around three to five gross annual salaries. Low monthly premiums and tax-free benefits make this insurance attractive for many families.

Additional dental insurance for children can also be beneficial, especially when it comes to orthodontic treatments, which are often expensive. The overview of the most important insurance policies for families also includes private accident insurance, which covers accidents that can affect both children and parents. Since 60% of children's accidents happen in their own home, this protection is particularly important to protect against permanent damage.

Provision and old-age security

When it comes to retirement planning, parents should create individual plans in order to be financially secure in old age. The state-subsidized Riester pension could be particularly useful for families with many children and low incomes. It is also important to choose suitable home and contents insurance. Residential building insurance protects homeowners from damage that threatens their existence, while household contents insurance covers the inventory.

Parents should make sure to take out insurance policies with transparent contractual conditions. The ability to deduct insurance in your tax return is also an advantage that should not be ignored. It is advisable to start with the most important policies and gradually expand the insurance coverage if necessary in order to best protect the family.