Private liability insurance: everything you need to know
Private liability insurance is a common type of insurance in Switzerland that covers damage you may cause to others. Here are the most important facts about private liability insurance in Switzerland:
Private liability insurance is optional but highly recommended. It covers damages to third parties, such as bodily injury, property damage or intangible damage.
Private liability insurance covers damage caused by you, your spouse, minor children or pets.
Although private liability insurance policies may vary according to the insurance company, they generally cover the damages caused to others as a result of accident, negligence or carelessness.
Private liability insurance can cover legal costs in the event of a dispute resulting from injury to others.
The cost of private liability insurance varies depending on the insurance company, the level of coverage you choose, and factors such as your age, occupation, and location.
Private liability insurance is often included in comprehensive home insurance or comprehensive private insurance policies. It is important to check whether you have such coverage before taking out additional private liability insurance.
In summary, private liability insurance is optional but recommended in Switzerland and covers damage you may cause to others. It can cover bodily injury, property damage or intangible damage, as well as legal costs. Costs vary according to various factors and it is important to check whether you have such coverage before taking out additional insurance.