What should the coverage amount of private liability insurance be?

The agreed sum insured limits the insurer's liability. Therefore, a sum insured as high as possible should be agreed. This is especially true as the premiums for higher sums insured are hardly different from those for lower sums insured.

The sum insured should be at least 3 million, preferably 5 million euros for personal injury and property damage. Insurances today usually offer tariffs with sums insured of 5 or 10 million euros. However, there are also tariffs with no limit.

The sum insured should not be less than 3 million euros under any circumstances.