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The insurance that covers the cost that occurs during an accident is liability insurance. It would cover situations like Personenschäden (person damage), Sachschäden (object damage) or Vermögensschäden (wealth damage). Though it is optional, it is one of the most crucial insurance in Germany alongside health insurance. 85% of the people in Germany opt to have this insurance as those accidents can otherwise cost you thousands of Euros or even more.
