Strategy
The 5 most common insurance gaps in families
Where risks remain despite existing policies, and how to close those gaps pragmatically and affordably.
Families are often well insured, yet gaps still appear. It’s usually not missing policies, but unclear terms, limits that are too low, or outdated assumptions. This overview highlights the five most common gaps in family households and how to quickly review your coverage.
1. Limits that are too low
Many families rely on standard limits that haven’t been updated in years. Bodily injury claims can easily reach millions.
Check whether your limit is still realistic. A moderate increase is often cheaper than expected.
- Bodily injury: rehab, care, loss of income
- Property damage: costly installations, smart home, e-mobility
- Third-party claims: long-term follow-up costs
2. Rental property damage and lost keys
Damage in rented properties is often underestimated. Shared locking systems or special floors can be expensive.
Not every private liability policy covers complex rental damage or key loss by default.
- Who in the household is co-insured?
- Special installations and landlord property
- Check key-loss sub-limits and exclusions
3. Children and liability
Whether a child is legally liable depends on age and the situation. Many policies include coverage for children who are not legally liable, but not all do.
Especially during play or sports, damages can otherwise fall back on the household.
- Coverage for non-liable children
- Damage at friends’ homes, school, clubs
- Check conditions before buying
4. Pets as a risk trigger
Small pets are often included, but dogs or special animals may have different rules.
For incidents or damage in public spaces, additional terms often apply.
- Is the dog explicitly covered?
- Do you need separate pet owner liability?
- Is coverage valid abroad?
5. Underinsurance in household contents
Household contents are rarely updated. Moves, new purchases, or renovations create silent underinsurance.
In a claim, payouts may be reduced proportionally even if you are “insured”.
- Update floor area and inventory value
- Declare valuables separately
- Regular updates (at least every 2 years)
30-minute mini check
Conclusion
Most gaps can be closed without major extra costs if you know where to look. A structured check saves a lot of stress and money when it matters.