Radtke Insurance Company

Anyone who causes damage to a third party, whether by carelessness or misfortune, must pay for the loss incurred. The damaging party is liable with all his assets for the payment of compensation. Private third-party liability insurance protects you from the financial risk of claims for damages.

Home contents insurance: Contents insurance covers the risks of loss of or damage to all the belongings in your home (such as furniture, clothing, electrical appliances), caused by fire, burglary, tap water, storm/hail, lightning and vandalism. Thus, with contents insurance, you will be on the safe side if a burglar steals your laptop or if water from a burst pipe damages your furniture.

Glass insurance: Glass insurance covers both exterior glazing and furniture glass. The glazing of your balcony door could be damaged by a gust of wind, or a glass table could get broken.

Buildings insurance: For most people, the purchase of a residential property is the largest single investment they ever make and is considered a financial cornerstone. Buildings insurance covers the risks of property damage, caused, for example, by fire, tap water, storm/hail and natural disasters.

Most accidents occur during leisure-time. However, statutory accident insurance covers only accidents that take place at work/school/university/kindergarten or on the journeys there and back. Therefore, it is essential to have private accident insurance against the financial impact of an accident that causes permanent injury. Such an insurance provides funds to pay for the best-possible care, to make alterations to your flat/house to meet the needs of a disabled person, or to compensate for loss of income.

As life expectancy increases, so does the number of people who rely on long-term care. Statutory long-term care insurance provides no more than basic support, which is not enough to meet all the costs. If the costs, for example, of a care home and long-term care exceed the benefits paid by statutory care insurance, you will have to fall back on your savings. Extra costs often have to be paid by using savings deposits, selling property or asking children for top-up payments. The financial risk of nursing care can be minimised by taking out private long-term care insurance and thus ensuring that, if needed, care is both appropriate and dignified.

Having a good case and winning a case are very different. Putting your case across convincingly can incur huge costs. Disputes and misunderstandings arise more often than you think; in Germany a legal dispute begins every 4 seconds. With legal expenses insurance you safeguard against the financial risks involved in litigation and receive the best-possible support to win your case.

In Germany, no car can be registered and taken out on the road without third-party motor insurance. This insurance provides minimum cover, paying compensation to the victims of accidents, including the passengers of the person responsible for the accident, up to the limit of the sum insured. Part and fully comprehensive insurance are voluntary. Part comprehensive insurance covers the insured person’s own vehicle, paying compensation for glass breakage, damage caused by furred game, vehicle theft and break-in, hail/storm, flooding and fire. Fully comprehensive insurance also covers all these types of damage to your own car as well as damage that you have caused yourself or has been caused by vandalism or a hit and run driver.

Basically, Germany has two different systems to cover the cost of healthcare: statutory and private health insurance. While the benefits of statutory health insurance are largely regulated by law, those of private health insurance can be agreed by contract, are based on individual needs, and cannot be reduced at a later date. For example, in statutory health insurance patients can choose only among doctors registered with the system, while patients with private health insurance have a free choice of doctor or hospital for treatment. In addition, patients with private health insurance can choose rates that include a single room and treatment by the senior physician, and also regulate the scale of physicians’ fees for expensive special treatment. Freelancers and the self-employed can take out private health insurance regardless of their income. Employees wishing to change from statutory to private insurance have to earn more than 66,600 euros a year (12 salaries of 5,550.00 euros a month).

As the population is aging and the birth-rate is low, the pay-as-you-go system of statutory pension insurance is reaching its limits and offers no more than a kind of basic pension. Anyone wishing to maintain their standard of living in old age ought to make private provisions. Here the insurance market offers a variety of good and efficient products, ranging from state-subsidised pension schemes, such as the so-called Riester pension or the basic pension, to flexible fund-linked insurance. We shall be pleased to help you find the product that suits you best!

Occupational disability insurance
Our ability to work and earn an income provides the basis for our standard of living. But what if we have an accident or fall ill and can no longer exercise our profession and earn an income? As a safeguard against these serious risks, we highly recommend occupational disability insurance. This is one of the most important insurances in Germany. It pays insured persons in employment a pension if they become at least 50% disabled as a result of illness or accident.