Knowledge

Knowledge for your start

Short, factual explanations of terms that keep coming up when you start in Germany.

Terms

Compulsory insurance
The legal obligation to hold certain cover — in Germany, for example, health insurance and motor third-party liability.
eVB number
Electronic confirmation of insurance. It is issued by an insurer and is usually required for vehicle registration.
Deductible
The share of a loss you carry yourself. The amount and how it applies depend on the tariff.
Insurance broker
An intermediary acting on behalf of the client, as opposed to an agent representing a single insurer.
Commission
The remuneration an insurer pays the broker when a contract comes into effect.
Underwriting rules
An insurer's internal rules for deciding whether and on what terms an application is accepted.

Questions that often come first

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