Insurance comes in all shapes and sizes. Some are mandatory, while others mainly provide extra peace of mind. The danger is that it can all become overwhelming. Which insurances are truly essential to have properly arranged for your private life? We’ve put together the top 10 personal insurance policies you shouldn’t forget.
1. Health Insurance
Mandatory in the Netherlands, but also important to choose wisely. Coverage and optional add-ons can vary significantly.
2. Liability insurance (AVP)
A small premium for great peace of mind. Damage that you or your children accidentally cause to others can become very costly.
3. Home contents insurance
Your furniture, appliances, and other belongings at home are often worth more than you think. Home contents insurance covers damage caused by fire, burglary, or water damage.
4. Building insurance
Essential for homeowners: this insurance covers damage to the house itself caused by fire, storms, or leaks.
5. Travel Insurance
Whether you go on vacation once a year or more often, an annual travel insurance policy provides coverage for medical expenses, lost luggage, or cancellations.
6. Legal expenses insurance
Disputes over work, purchases, or neighborhood conflicts can escalate quickly. This insurance provides you with legal assistance and advice.
7. Car Insurance
Mandatory if you own a car. Depending on the age and value of your vehicle, you can choose between liability (WA), partial coverage (limited casco), or comprehensive (all-risk) insurance.
8. Bicycle Insurance
With the rise of e-bikes and speed pedelecs, this insurance is becoming increasingly important. Theft or damage can be costly.
9. Accident insurance
In the event of permanent disability or death caused by an accident, this insurance provides financial support to you or your loved ones.
10. Funeral insurance
Not the happiest insurance, but one that can save your loved ones a lot of stress and expenses.
In conclusion
Not everyone needs all the insurances on this list. It depends on your personal situation, living arrangements, and lifestyle. What’s important is to regularly check whether your insurance still fits your life.
