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Scrap instead of protection
Most insurance polices for the journey are unnecessary. What you can save yourself and what really important.

The sellers try it again and again: Whether the travel agent or booking online, the Internet – always try the company, in addition to their guests travel also to turn one or more insurance companies.

“Most of combination packages are available that contain multiple insurance companies,” says Michael Mountain of the word Consumer Rheinland-Pfalz. “As a general rule such a policy not tourists.” For the protection of many insurance companies that have been anyway, covers most on the vacation.

“Only one insurance should really everyone,” says Berg word: “The travel health insurance.” Because the statutory health insurance companies in other European countries, only the costs they would pay in Germany. But as demand doctors and hospitals abroad usually higher rates, the patient remains seated on the difference.

DISPLAY
Outside Europe, the health insurance companies often do not. A travel health insurance will jump in here and pay for doctor and hospital costs. It also gives coverage to costs if the patient must be transported back to Germany.

Complete protection for your car

Even more important is protection for your car, if it goes by car on vacation. Thus helping to foreign policy damage protection, if the tourists from abroad without any fault of their own is involved in an accident. Although in principle is the opposing insurer for the damage. “But often pay less than the German foreign insurers,” the Stiftung Warentest.

With the additional policy of tourists is treated as if the party liable for a German insurance provider. It is important, however, looking into the policy conditions, the Foundation advises: “Often, the protection does not apply to all European countries.”

Special insurance can save you

Could save holidaymakers to think word’s special Holiday Insurance – Travel that is legal protection, baggage insurance and travel insurance. If, for example after an accident abroad to battle, then jump a normal traffic insurance.

A liability damage would be covered by normal insurance, and a baggage insurance is unnecessary for People with household insurance, “says word mountain. But also for all others it will be worth little, since companies usually only pay if the leave his luggage has constantly kept in mind.

“Mallorca Police” for rental cars

Anyone with a car on the road, should be checked before departure if its normal motor liability a “Mallorca-Police” contains. Because in countries such as Spain and Greece, the insurance benefits are so low that, in case of damage is often not sufficient to cover. The tourists would have to pay the damages out of pocket.

The Mallorca-German Police coverage levels also apply to foreign leased cars. In very low rates of liability protection can be missing, warns the Stiftung Warentest. Then it is worthwhile to complete it before the trip extra.

If the doctor has to help

In recent years, consumer advocat

With the start of training, the question will be what insurance is needed, both for retirement savings and the risk protection. For the industry this is the ideal time to draw attention to their offers. “In the coming weeks, young people from the insurance company offers little more can save,” says Lilo Blunck, chief executive of the Federation of insured (BDV). Thus, trainees and students do not get bogged down at the outset or to persuade by contract, they did not need the BdV the brochure “Well insured in your studies” has re-issued. The 39-page booklet is free to the Federation of the insured (www.bundderversicherten.de) available.

In view of the rather narrow purse professionals should inform very clearly the policies they write. Only way to ensure that the first specific wage contracts on it is not expensive and important policies such as disability insurance stay on track. The perfect all-inclusive package that many insurance companies promise the young clientele, makes no sense and is frequently more expensive than some good individual contracts. Then point out the consumer centers. Please advise how the BdV to ask for cheap single fares and excess contracts not to be forced into first place. This is from the perspective of consumer advocates, among other things, the endowment policy.

It is recommended, however, a personal liability insurance. It is considered essential. The same applies to disability insurance, even if such protection – always dependent on work and health problems – have not necessarily favorable. However: The more a BU-Police is completed, the lower the premium. Can complete the occupational disability through an accident insurance. To her it is recommended that the financial margin gives enough air. In terms of private pensions is the Riester pension among the absolute favorites because it is supported by the state with bonuses. Professionals also benefit from a one-time bonus that saving for retirement is to be made palatable.

Given the extremely low yields on the interest rate markets of major industrialized nations of the purchase of government bonds with long maturities appears not only not attractive, but downright dangerous. The search for alternatives has begun.

The numbers are sobering: government bonds are no longer what they once were the numbers are sobering: government bonds are no longer what they once were
12th August 2010

The Rothschilds are said to have it distributed its assets in old times in shares, property and art. The Frankfurt private bank Metzler recommends the allocation of assets to stocks and bonds. For shares, the investor can assure against inflation and bonds against deflation. With the strategies of Rothschild and Metzler are assets left over centuries to preserve, untouched by war and monetary disruptions.

Many German investors prefer instead to keep their assets primarily in government bonds, fixed deposits and real estate. Given the extremely low yields on the interest rate markets of major industrialized nations, this strategy promises, taking account of inflation long term probably not the preservation of property; an asset accumulation even seems almost impossible.

On Thursday, the yield on ten-year government bonds with 2.40 percent has reached a new low. Two-year papers bring only 0.66 percent. This especially those investors come under pressure to act, which are engaged primarily in German interest papers. These include insurance companies, must ask themselves how they want to achieve the promised in their life insurance guaranteed interest of 2.25 percent over time.
Narrow returns through increases in inflation eroded

Affected are foundations that are both committed to capital preservation, but want to continue to make distributions as part of their foundation’s purpose. And many family assets have been conservatively focused on interest rate investments. Asset managers report that many clients shy away from fear of the future purchase of risky assets especially today. But they probably will not have much choice other.

Because the numbers are sobering. The German bank has calculated that promise, taking into account interest income tax and the adoption of an annual inflation rate of 1.2 percent at the current level of yields only federal securities with remaining maturities of at least six years, a real rate of return. But in times of very low yields of the purchase of bonds with long maturities appears not only not attractive, but downright dangerous. Even a possible slight increase in inflation rates in the coming years will eat up the narrow real returns of long-running federal documents.

Aegis also in the capital markets instead of just a realignment. Government bonds from developed nations were regarded for decades as the bomb-proof facilities. Today, measured by the prices of credit default derivatives (CDS), in many countries, the risk premiums for bonds chip companies lower for the surcharges as government securities. This does not apply to Germany, but for some industrial nations, whose bonds were bought as a deposit before you even admixture of German asset managers.

And while many German private investors consider bonds from emerging countries is still considered an exotic alternative that does not keep a few asset managers dynamic and less-indebted emerging long for solid borrowers than some old industrial nation that suffers from a combination of weak growth and high public debt.

Looking for alternative investment opportunities

The crisis has prompted many wealthy individuals to trust asset managers. Between these managers, competition has increased significantly. A bastion of wealth management for companies and wealthy individuals in Germany are traditionally the private houses. The debacle of the bank Oppenheim has hurt the small industry as a whole and in turn both the major banks such as the unaffiliated managers of private assets (“Family Offices”) are used.

Asset managers and investors usually tend mostly to high yield at low risk. The create lasting but a few. The best strategy was at least in very large fortune to the financial crisis, the Yale model, which was seen mainly in the Anglo-Saxon by many asset managers as a reference. The Endowment Fund of the American East Coast University Yale had started since the nineties to reduce its holdings of government bonds and default shares and in turn bring much money in so-called alternative investments such as private equity funds, hedge funds and commodities. These alternative investments bestowed on the Yale endowment fund long dream returns. Their low liquidity, compared to government bonds was shown in the financial crisis then as an Achilles heel.

The Yale model has not died with the financial crisis, but it does get scratched. The search for alternatives has begun. Asset management is as important as exciting. Therefore, this subject in the department of financial market in the Frankfurter Allgemeine Zeitung is this Friday from a multi-part series dedicated.