It's worth comparing: tips for taking out insurance

It's worth comparing: tips for taking out insurance

Insurance can be an expensive flop for consumers if taken out too quickly. Experts recommend carrying out a careful comparison before signing a contract. An important aspect is to check whether the insurance is actually needed. Some offers, such as flood damage insurance for residents on higher floors, may be unnecessary. It is crucial to recognize your own needs and risks in order to choose suitable insurance.

Elke Weidenbach from the North Rhine-Westphalia Consumer Center emphasizes that a targeted comparison of different insurance offers is necessary in order to make the right choice. She recommends carefully checking insurers' conditions and comparing costs before requesting a quote. Alternatively, you can use an insurance broker to make it easier to find suitable conditions.

However, caution is advised when choosing a broker. One should ensure that the broker represents the interests of the customer and does not go beyond his or her authority. The personal relationship between customer and broker plays an important role, as open communication can lead to tailor-made insurance solutions. However, it is also advisable to remain critical and ask questions in order to develop your own understanding.

An important motto for avoiding negative experiences with insurance is: “Open your eyes or open your wallet”. This reminder highlights the need to critically examine and make informed decisions when selecting insurance. Ultimately, it is up to consumers to become aware of which insurance policies are really necessary and to focus on their individual needs.