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Old 11.03.2021, 13:53
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Household insurance - combining two households

When me and the Brown Bottle Man got our $h*t together we both brought our stuff together (or more appropriately, I actually moved in with him with my stuff).

What are the rules around combining household insurance? I think I would prefer to insure my own stuff and he likewise although, as time has gone on, we are accumulating joint purchases.

Many thanks
CW
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Old 11.03.2021, 13:57
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Re: Household insurance - combining two households

YouŽd pay the insurance twice then? Might be a hassle in case something happens to show what belongs to whom and what is insured where?


Not sure if that exists in Switzerland as well, in Germany you have something called "under insurance" which leads to partial pay out only if the amount you have insured does not cover what you effectively have.
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Old 11.03.2021, 14:04
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Re: Household insurance - combining two households

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YouŽd pay the insurance twice then? Might be a hassle in case something happens to show what belongs to whom and what is insured where?


Not sure if that exists in Switzerland as well, in Germany you have something called "under insurance" which leads to partial pay out only if the amount you have insured does not cover what you effectively have.
Under-insured is a global concept, any claims made will be subject to an average. This means that any valid claim pay-out will be proportionally reduced by the amount that the property is under-insured.
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Old 12.03.2021, 11:12
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Re: Household insurance - combining two households

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YouŽd pay the insurance twice then? Might be a hassle in case something happens to show what belongs to whom and what is insured where?


Not sure if that exists in Switzerland as well, in Germany you have something called "under insurance" which leads to partial pay out only if the amount you have insured does not cover what you effectively have.
Many thanks for your helpful reply. Does that mean we need one policy to cover us both? I am really unclear especially as we are probably over-insured at the moment, if anything.

You're definitely right about the joint stuff and who would be entitled to claim.
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Old 12.03.2021, 11:24
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Re: Household insurance - combining two households

When I moved in with my wife (was previously living in another EU country), she just added me to her household insurance and recalculated the insured sum.
I guess it makes sense to have a combined one since you're living together. Of course if one person has expensive bikes, laptops, watches etc and the other one if frugal, contributions could be adjusted
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Old 13.03.2021, 01:28
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Re: Household insurance - combining two households

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Many thanks for your helpful reply. Does that mean we need one policy to cover us both? I am really unclear especially as we are probably over-insured at the moment, if anything.

You're definitely right about the joint stuff and who would be entitled to claim.
The insurance is for the goods of the household, not for him or her. You should probably also talk about 3rd party liability insurance, IIRC that's usually also for all members of the household. Since your individual household no longer exists your policy may be (probably is) void, and the premium that hasn't been used up yet to be returned to you.

You should inform your insurances, since you haven't made up your minds yet that may benough for a while WRT overinsurance - perhaps ask when you call them.

My favourite would be Mobiliar. They're a cooperation. Since there are no shareholders that demand their cut most of the profit gets returned to the insured people, so overall they tend to be less expensive and more lenient.

Do make sure your new policy is cancellable annually with not (much) more than one year minimum duration, don't sign if it isn't. Automatic extension each year for another year is a good thing here, otherwise you risk being uninsured.
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