There are three major risk factors, you should pay attention to:
- costs occurring due to illness (for example hospitalization and treatment costs)
- costs resulting from a liability (for example the loss of a key or damage in a rented apartment)
- costs which occur after to an accident and are not covered by health insurances (for example special rescue costs in the mountains)
Even if one does not think about such circumstances while studying in Germany, they still might happen. At any accidents can happen which cause wounds or diseases that need treatment. Without proper protection that would be a huge cost issue that especially students should look at.
A travel accident insurance would be worth considering, because you can never predict what can possibly happen during your stay in Germany. By taking out a travel accident insurance you make sure to get the optimal care in case of accidents and even in the worst case you are on the safe side.
If you are a student housed in dormitories, hotels or you live with a host family, you should also consider to take out a travel liability insurance. This liability insurance pays for damages such as breaking an expensive vase or damage to the equipment at the hotel or rented apartment.
Before taking out such a travel liability insurance you should check if you are not insured through the domestic liability insurance of your parents. However, one should note that many ordinary liability insurance offer only limited protection when abroad.
Whether a baggage insurance is worthwhile depends on the individual case. If you consider bringing expensive goods such as laptops or cameras with, you should consider a baggage insurance. Here it is very important to note that only limited sums are insured for such expensive devices.