3. FRIDAY
Friday Assurance (Friday) also offers personal liability insurance in Germany, targeting both German nationals and international residents.
Their liability insurance aims to protect customers from financial risks associated with unintentional damages caused to third parties or their belongings.
Friday’s liability insurance includes various benefits such as legal defense costs, compensation for damaged items, and protection against libel and slander.
Coverage:
- Covers accidental damage to other people’s property, bodily injuries, and financial losses caused by you in various situations, including:
- Damaging someone’s belongings while visiting their home.
- Accidentally injuring someone while participating in activities.
- Lost keys or key replacement costs.
- Unintentional damage to rented apartments.
- Legal defense costs in case of liability claims.
- Offers three coverage tiers: Focus, Balance, and Relax, with varying levels of protection and benefits.
- Sum insured options range from €5 million to €50 million.
Premium Pricing for Single Person (in Germany):
- Starts from €4.02/month per month (as of February 2024).
Advantages:
- Tech-driven: Manage everything through their user-friendly app, including getting quotes, filing claims, and contacting customer service.
- Transparent: Clear communication about coverage and pricing.
- Flexible: Customizable coverage options and optional add-ons.
- Best-performance guarantee: “Relax” tier promises comparable or better coverage than competitor policies.
- Existing policyholder guarantee: Switchers retain benefits from previous policies.
- Positive customer reviews: Generally praised for ease of use and helpfulness.
Disadvantages:
- Limited availability: Only available in Germany.
- Digital focus: Might not be suitable for those who prefer traditional insurance companies.
- Newer company: Less established compared to some traditional insurers.
- Higher starting premium: Compared to Getsafe and Feather.
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