Expat-Experts.ch, a Geneva based Website Explains Swiss Personal Liability Insurance to the English-Speaking Community

Posted December 27, 2019 by expatexperts

November 27th, 2019 - In a complete guide to personal liability insurance in Switzerland,
Charles McHugo, the Expat-Experts certified insurance specialist, explains why every individual in Switzerland needs to subscribe to Swiss personal liability insurance to protect the financial security of his or her family.

The comprehensive guide describes the importance of personal liability insurance. In a constantly changing world, where we are pushed to our limits to perform harder, accidents are more frequent. Third party liability insurance will protect our financial security if one of these accidents involving a third party happens to us or to a member of our family.

As an example, imagine if while skiing you accidently ski into another person who needs to be hospitalized and cannot work for two months. If the third party can prove that the ski accident was your fault you will be financially liable for all of the Swiss medical expenses and will have to compensate the loss of income for the two months the person could not work. The financial consequences will be even worse if you or a member of your family accidently set fire to your apartment, and part of the building needs to be rebuilt.Both of these examples could cost you tens or even hundreds of thousands of Swiss Francs, which the majority of us can quite simply not afford to pay.

We can also be falsely accused for having inflicted damage or injury to a third party. Becoming a defendant in a third-party liability case can also cost tens of thousands of Swiss Francs. Personal liability insurance also compensates the legal fees related to third-party claims as a defendant and claimant.

The above examples are fully compensated by third party liability insurance, and this on a worldwide basis. Do not let an accident destroy your life, Swiss personal liability insurance can be subscribed to for less than CHF 200.- per year for a family and less than CHF 150.- per year for an individual.It will protect you for three, five or ten million Swiss Francs per case. It is important to note that personal liability insurance will also compensate the most basic damage, such as breaking the telephone or eye-glasses of a third-party.

In the Expat-Experts.ch guide you will also learn about the financials of personal liability insurance in Switzerland. What amount should you be covered for?What is the price difference between a coverage of CHF 3 or 5 million per case? Which deductible should you choose? Why do specialists always recommend a CHF 0.- deductible?The guide also explains gross negligence and how to avoid being penalized by this concept in the event of a claim.

Last but not least we also learn that certain activities are considered to put third parties at more risk than others. If you do one of these activities, you need to add extended coverage to your Swiss personal liability insurance package. These include your driving habits; do you often use a car or scooter that does not belong to you or rent a car? Do you ride horses or drive a boat? Do you fly model airplanes or drones that weigh over 500g?

The explanations make it clear that liability insurance should not be taken lightly and that having a policy adapted to your lifestyle can be a financial life saver. One cannot even become a tenant in Switzerland without subscribing to a liability insurance contract.

We highly recommend reading the guide to Swiss personal liability insurance here: https://expat-experts.ch/personal-liability-insurance/. You can compare yearly premiums and learn about the Swiss insurance terms in the glossary. For personal advice do not hesitate to contact Charles McHugo,the Expat-Experts recommended certified insurance specialist on +41 78 601 40 90.
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Issued By Expat Experts
Phone +41 78 601 40 90
Business Address GEA Organisation Rue du Pré-Jérôme 20 CH - 1205 Genève
Country Switzerland
Categories Insurance
Tags guide to personal liability insurance in switzerland , liability insurance in switzerland , personal liability insurance in switzerland , swiss personal liability insurance
Last Updated December 27, 2019