Taking out a Travel Liability Insurance is most valuable for persons who do not have a private personal liability insurance already, because sometimes short trips abroad are also covered in domestic liability insurances. But a lot of domestic insurances exclude risky trips like skiing or snowboarding holidays. Whoever is planning an active holiday, should check exactly to what extent it is protected through his or her domestic liability insurance.
Moreover, there are coverage restrictions for older insurance contracts. They might be restricted to Germany or the European Union only. In addition, a closer look at the sum insured should be undertaken. Older policies do often have insurance sums that are today considered as too low. This might result in the financial ruin after personal or material damages happen abroad. The Travel Liability Insurance is also very useful when travelling with children. Especially when the small vacationers are full of energy, damages to the hotel interior are often inevitable. In these cases, the Travel Liability Insurance for a carefree holiday really pays off.
An insurance is also very important for people that are planning to stay in Germany for a longer period. If you plan on working in Germany, your domestic liability insurance will probably not be valid. If a vehicle is hired abroad, the Travel Liability Insurance will help to fill out gaps in your domestic insurance. In some countries like the USA, coverage levels are significantly lower than in Germany.