Whether or not you take out household contents insurance is your personal decision. This is not compulsory insurance, as is the case with car insurance, for example. If you consider the risk of damage to your four walls to be low or if you could buy your household goods again out of your own pocket, you may not have to consider household contents insurance.
Bearing the Financial Risks
On the other hand, if you don’t want to bear the financial risk of any damage that may occur, you can take out household contents insurance. It covers everything that is in your apartment but not permanently installed in the house: furniture, carpets, clothing, books or bicycles and also the fitted kitchen, if it’s yours.
This insurance is particularly useful if you have invested a lot of money in your facility and, for example, after a fire or burglary, you cannot or …