Insurance for everyday needs
People take out insurance policies to protect themselves from the financial consequences of a loss. In your day-to-day activities, your financial situation may be affected in a variety of different ways:
Earnings capacity: You can lose your earnings capacity in whole or in part as a result of illness or accident.
Property: You can lose our property or suffer damage to it following fire, theft, vandalism, flooding and storm damage, etc.
Liability: You can become liable for injuries to other persons or damage to their property.
Different liability rules apply depending on which party caused the injury or damage, and whether it took place at work or off duty. The rules may also depend on your particular situation, such as whether you are a homeowner, motorist, employer or dog owner.
Compulsory insurance
- Third-party liability insurance if you own a car, motorcycle, scooter or moped
- Comprehensive motor insurance if you have taken a loan to finance the purchase of a motor vehicle
- Third party insurance if you own a dog
- Third party insurance if you own a horse
- Fire insurance for buildings if you are a homeowner with a loan secured against your house
Optional insurance
- Home contents insurance (combined contents and liability insurance)
- Buildings insurance if you are a homeowner (usually combined with fire insurance for buildings)
- Comprehensive motor insurance (usually combined with compulsory third-party motor liability insurance)
- Personal accident insurance
- Life and pension insurance
- Health or medical expense insurance
- Unemployment insurance (requires membership of unemployment insurance fund)
The Danish Insurers' Information Service has published the booklet 'Insurance for everyday needs' which outlines the risks typically covered by the individual types of insurance as well as non-covered risks. The booklet also includes a section about the types of insurance that apply in the workplace. Read Insurance for everyday needs.
There are many different insurance companies in Denmark. Some are open to all whereas others will only accept clients from certain sectors of employment. Prices vary from company to company so you should study the market carefully to compare prices.