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What You Need & What's Bullsh*t - The Insurance Madness of Germany - YouTube
Channel: Radical Living
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when you have just moved to germany people聽
will undoubtfully ask you do you have life聽聽
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insurance health insurance what about insurance聽
for your washing machine tv toaster no why not聽聽
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and you ask yourself what the hell is聽
wrong with these people but don't worry聽聽
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after this video you will know why germans love聽
insurance is almost more than they love beer聽聽
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and which ones you really need and which ones are聽
total you won't make video about insurance you're聽聽
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stupid or what we all are if you take the wrong聽
one i only have one insurance always have with me
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hmm sorry bro i'm pretty sure that's illegal聽
here you know what insurance company make with聽聽
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your money here biggest insurer in germany allianz聽
they built tower like that one sit on top and make聽聽
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that may be true and this is exactly why we聽
need to make this video right so they can't聽聽
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build as many useless towers anymore let's聽
get started alright the average german has聽聽
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eight different insurances聽
can you guess how many i have聽聽
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you guessed right i'm not a typical german all聽
the germans watching this right now are going like聽聽
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you crazy in germany we have two types of聽
insurances the mandatory ones and the voluntary聽聽
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ones the mandatory insurances in germany which聽
everybody has to have is the health insurance聽聽
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care insurance unemployment insurance and聽
pension insurance if you are an employee聽聽
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you cannot option out of them and let me tell you聽
those insurances add up to a lot of money each聽聽
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year they don't have a fixed fee but a relative聽
to your monthly salary and taken directly from it聽聽
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without the money ever arriving in your bank聽
account so let's say your salary is three and聽聽
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a half thousand euro per month which is around the聽
national average you would have to pay more than聽聽
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700 euro in insurance fees per month if you sum聽
it up that's eight and a half thousand euro a year聽聽
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that's a lot of money but before you scream聽
we want the pension insurance to be optional聽聽
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just hear me out if the state wouldn't make these聽
insurances mandatory and let's say something would聽聽
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happen to you and you can't work anymore for the聽
rest of your life the german state would have to聽聽
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pay for all your living expenses and they will聽
because we are a social state are you communist聽聽
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are you okay no i'm not a communist i swear yeah聽
in germany if you can't work or even if you don't聽聽
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want to work the state doesn't let you starve to聽
death they give you a flat a health insurance and聽聽
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450 euro pocket money each month sounds pretty聽
communist if you ask me if you want to know more聽聽
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about a great welfare system in germany go watch聽
this video right here it's already a couple of聽聽
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years old but still one of my all-time favorites聽
so to finance this whole welfare state system聽聽
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the country needs to have a lot of mandatory聽
and high insurances to cover everybody's needs聽聽
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even if you don't want to because you don't聽
know what's best for you the government does
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but lucky for me there are a few loopholes you聽
only have to pay all four mandatory insurances聽聽
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if you are an employee and because i'm a聽
youtuber which is basically a freelancer聽聽
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i don't have to pay unemployment insurance i guess聽
because they think i'm already kind of unemployed聽聽
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and no pension insurance which is awesome聽
and saves me a big chunk of money each month聽聽
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i can buy some more sweets with bitcoin with聽
and not having to lose everything to inflation聽聽
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so i told you earlier that germans have聽
on average eight insurances four we did聽聽
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cover already with the mandatory ones but then聽
there's another four they just get by themselves聽聽
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yeah i don't get it either but anyway which聽
ones are they and are they making any sense聽聽
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for you maybe the most common one is the聽
Haftpflichtversicherung beautiful german word聽聽
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i know the Haftpflichtversicherung is a liability聽
insurance which 66 of all people here have that聽聽
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means if you break something from someone else聽
not on purpose of course they will cover for聽聽
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you i don't know a single german who doesn't聽
have that one even i have it but i only have it聽聽
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because it's mandatory to have if you want to fly聽
a drone here and i love flying my drone you know聽聽
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and i'm a good citizen who obeys the law okay a聽
liability insurance costs around 5 euro per month聽聽
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and will save you a lot of money if you're a聽
clumsy person or just very unlucky if you're聽聽
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one of those people you should definitely get聽
one alright before we move on i want to talk聽聽
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about something that you need much more than聽
any of the following insurances and that is聽聽
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a vpn client which brings us to today's sponsor聽
not vpn it's technically not an insurance but聽聽
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it ensures your online privacy and protects your聽
data whenever you're online whatever website you聽聽
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browse your ip address is public and it exposes聽
you to advertisers to hackers to governments聽聽
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you decide which one's worst and this is exactly聽
why you need a vpn client like nordvpn nordvpn is聽聽
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one of the most trustworthy and the fastest聽
provider out there there's no data logging聽聽
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there's no day going by where i don't use it on聽
my phone on my computer i don't want to be tracked聽聽
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i'm german i value my privacy remember stasi聽
it's safe it's fast and it's just one click away聽聽
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let's see today i want the internet to think i'm聽
in africa boom i'm in africa took me one second聽聽
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and did you know that the vpn clan can actually聽
save you a lot of money most streaming platforms聽聽
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have different prices for different countries so聽
by simply changing your virtual location you can聽聽
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save up to ninety percent on some subscriptions聽
so if you don't already have it go to聽聽
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nordvpn.com/radicalliving to get a two-year plan聽
plus one additional month with a huge discount and聽聽
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if you're still not completely sure if you need聽
it you can try it risk free for 30 days with a聽聽
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money back guarantee you're welcome okay back聽
to insurances the second most common one which聽聽
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65 percent of people have is the kfz-versicherung聽
the car insurance but in germany if you have a car聽聽
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you have to have car insurance so it's not really聽
voluntary but having a car is so depending on what聽聽
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kind of car you have insurance ranges from only聽
10 euro a month to more than 100 euro per month聽聽
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it really depends anyway next on the list聽
with 58 percent of people being insured in聽聽
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is the hausratsversicherung household insurance聽
in english this one ensures all the stuff that聽聽
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is in your flat or house but not the flat itself聽
so let's say someone breaks in while you're on聽聽
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holiday and takes all your stuff or there's聽
a fire and your furniture gets damaged this聽聽
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insurance will cover those things so in my opinion聽
this one makes only sense if you have a lot of聽聽
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expensive furniture or electronics at home聽
or you generally live in a bad neighborhood聽聽
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with a lot of break-ins happening you聽
can get one from already 7 euro per month聽聽
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but if you don't have many valuables at聽
home it's not really worth getting it聽聽
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okay next we have with 41 percent of people聽
being insured in is the Rechtsschutzversicherung
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which is a legal expense insurance germans love to聽
sue people not nearly as much as americans love it聽聽
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but they do for the stupidest reasons your trees聽
ranging two centimeters into my property that's聽聽
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against the law i'm not gonna ask you to cut it聽
i'm gonna sue the [ __ ] out of you and because聽聽
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a lot of germans are like that the other germans聽
are scared to become poor and they're all getting聽聽
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the Rechtsschutzversicherung legal disputes here聽
are quite expensive the fees for the lawyers the聽聽
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court hearings ranging sometimes over many years聽
can quickly add up to tens of thousands of euro聽聽
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there isn't one that covers every aspect of life聽
but they are divided into four main categories of聽聽
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work living traffic and personal affairs so you聽
would have to get at least four different ones聽聽
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to cover it all which will set you back at least聽
40 euro per month which is quite expensive if you聽聽
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have it for a couple of years of course you can聽
never foresee what's going to happen but in my聽聽
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opinion it only really makes sense if you see some聽
legal trouble somewhere brewing in the horizon聽聽
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then it will save you a lot of money and you can聽
say i'm gonna sue the [ __ ] out of this city聽聽
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because they don't only help聽
you when you are being sued聽聽
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but also if you want to sue someone justifiably of聽
course right moving on to the Unfallversicherung聽聽
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literally accident insurance to be honest i never聽
heard of this insurance before making this video聽聽
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but 38 of germans think it's worth having聽
and it all makes sense german people are big聽聽
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worriers and all these insurances at least give聽
them the feeling of security this one does exactly聽聽
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what it sounds like if you are unlucky enough to聽
get in any form of accident and you lose a leg for聽聽
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example you will get a monetary compensation聽
for it also if the accident happens in a聽聽
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remote place and you have to be rescued this聽
insurance will cover all the rising expenses聽聽
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it's kind of a morbid insurance but if you really聽
do lose a leg you may need the compensation money聽聽
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to refurnish your apartment accustomed to your聽
new needs for a normal person i wouldn't say聽聽
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this insurance makes much sense but if you聽
are an adrenaline junkie who loves to do some聽聽
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form of extreme sports or you just ride your bike聽
a lot through the city it may not be the worst聽聽
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idea and they already start from 7 euro per month聽
the last one on the list is the Lebensversicherung聽聽
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with 29 of germans having it聽
which is a super high number聽聽
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which i would have never expected no wonder those聽
insurance companies can build the stars everywhere聽聽
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life insurances have gotten a very bad reputation聽
over the last decade and that for a very good聽聽
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reason they're expensive complicated and your聽
return of investment is basically non-existent at聽聽
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least for the traditional ones where you not only聽
ensure your life but also save up an extra pension聽聽
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these ones make no sense at all nowadays due to聽
low interest rates and high inflation you will聽聽
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lose money with them not make some though the ones聽
only ensuring your life without the saving apart聽聽
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may still make sense for some people that are聽
doing life-threatening activities on a regular聽聽
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basis and simultaneously have a big family聽
to provide for but for the average joe a life聽聽
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insurance is a complete waste of money trust聽
me doesn't matter how many insurances you have聽聽
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you will never know what's going to happen life聽
is unpredictable you can't be insured against聽聽
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everything although i'm sure some germans would聽
if they could but what you can be certain about聽聽
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is that the moment you want to make a聽
claim at one of those insurance companies聽聽
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they will try to look for any loophole they can聽
find not to pay you and then you paid all those聽聽
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insurance fees all those years for nothing and聽
the people at the top of the tower keep making
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i'm really curious now is there any other country聽
where people are as crazy about insurances聽聽
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as germans i really doubt it what do you say聽
ivan are you getting an insurance yourself now聽聽
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this all too complicated and for [ __ ] i have聽
best insurance right here it's called fear one聽聽
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time fee only always works plus you look聽
cool thanks for watching those with danya
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