What are the benefits of private liability insurance?
Swiss private liability insurance offers several advantages:
Financial protection: The insurance protects you from the financial consequences of damages inflicted on others. Without insurance, you'd have to cover these damages yourself, which could be quite expensive.
Flexibility: Swiss private liability insurance offers various tariffs and options, allowing you to tailor your coverage to your individual needs.
Family security: Private liability insurance not only protects the policyholder but typically also family members living in the same household.
Affordable premiums: Despite comprehensive coverage, premiums for Swiss private liability insurance are relatively low, making this vital protection financially manageable.
“In Switzerland, the cost-effectiveness ratio of private liability insurance premiums is so high that not having the coverage is almost unthinkable.”
What does private liability insurance cover in Switzerland?
The coverage offered by Swiss private liability insurance varies depending on the insurance company and tariff. In general, it covers the following areas:
Personal, property, and financial damages: Firstly and foremostly, private liability insurance addresses damages inflicted on other individuals, their property, or assets, regardless of whether it was accidental or due to negligence. If you accidentally bump into a pedestrian who falls and gets injured, the insurance will cover the cost of treatment and any potential pain and suffering claims. Similarly, if you unintentionally damage a valuable item during a friend's visit, the repair or replacement cost will be taken care of by your private liability insurance.
Rental property damages: If you are a tenant and cause damage to your rented property, private liability insurance covers the repair or replacement costs. This includes, for example, water damage resulting from negligence, and the necessary cleanup services.
Damages caused by children incapable of criminal intent: You will be safeguarded from financial consequences of damages caused by your children, such as when a ball is accidentally thrown through your neighbors window. In Switzerland, children under seven years old (or under 14 in case of traffic accidents) are considered incapable of criminal intent, meaning that their parents are responsible for their actions.
Drones: Drones are getting increasingly capable and popular, and as such many policies include standard coverage for drones up to a certain weight limit, meaning the insurance covers costs for personal or property damage caused by the drone's use.
Abroad protection: Most insurance plans provide worldwide coverage for damages caused abroad, so if you accidentally damage a rented vehicle or vacation home while on holiday, the incurred costs will be taken care of.
How can I adjust my personal liability insurance?
Private liability insurance in Switzerland is an indispensable safeguard for you and your family. To protect you from the financial consequences of personal, property, and financial damages, insuris offers free personal counseling sessions. We are dedicated to bringing you the optimal insurance solution, tailored to your specific needs and budget. Get in touch with our team of seasoned insurance experts.