Understanding Car Insurance in Switzerland: Coverage and Extended Options

Car insurance in Switzerland is a legal requirement for all vehicle owners, ensuring financial protection for drivers and third parties in the event of accidents or damages. Known as Swiss motor vehicle insurance, it encompasses a range of vehicles, including cars, scooters, motorcycles, camping cars, and boats. This blog explores the core modules of Swiss car insurance, extended coverage options, and practical considerations for drivers, drawing insights from Expat Experts. Whether you're an expat settling in Switzerland or a resident seeking clarity, understanding these options is essential for compliance and peace of mind.

Core Modules of Swiss Car Insurance

Swiss car insurance is structured into three primary modules, one mandatory and two optional, each addressing specific risks:

1. Liability Insurance (Obligatory)
   Liability insurance is a prerequisite for all motor vehicles in Switzerland. Without it, license plates cannot be issued, as confirmed by an electronic certificate sent to motor vehicle administrative centers. This module covers damages caused to third parties or their property, such as another vehicle or belongings, in an accident where the policyholder is at fault. Typically, it provides coverage up to CHF 1 million, with annual premiums averaging CHF 300–400, depending on the car’s value, driver profile, and region.

2. Partial Casco (Optional)
   Partial casco covers damages to your vehicle from non-collision incidents, including fire, lightning, explosions, short-circuits, rodent damage, natural disasters (e.g., hail, snow, landslides), theft, broken glass, animal collisions, and vandalism. Common exclusions include parking damage, glass damage, or specific storm-related issues, though these can often be added for an additional premium. Premiums typically range from CHF 500–1,000 annually, making it a recommended option for cars aged 4–7 years.

3. Full Casco (Optional)
   Full casco includes all partial casco protections plus collision damage caused by the policyholder to their own vehicle. This comprehensive coverage is ideal for newer or high-value cars, ensuring complete protection against accidents, regardless of fault. The cost varies widely but is generally higher than partial casco due to its extensive scope. Experts suggest full casco for vehicles less than seven years old to maximize financial security.

Extended Coverage Options

Beyond the core modules, Swiss car insurance offers extended coverage to address specific scenarios, enhancing protection for diverse driving needs:

• Bonus Protection: This option prevents a malus (premium surcharge) after one at-fault claim per observation period, preserving your no-claims bonus. Some providers offer additional bonus protection if repairs are done at partner facilities, making it a valuable add-on to manage costs.

• Gross Negligence: Including gross negligence (faute grave) in your liability insurance ensures coverage even if the insurer deems your actions reckless, preventing claim denials or penalties. This is particularly important for personal liability insurance but applies to car insurance for significant incidents.

• Rental Car Deductible Coverage: For drivers frequently using rental cars, this coverage can reimburse deductibles up to CHF 2,500 for damages caused to rented vehicles, reducing out-of-pocket expenses.

• Borrowed Vehicle Protection: If you occasionally drive others’ cars, this covers premium increases for the car owner after a claim or damage to their vehicle if it lacks casco collision protection. It’s recommended for those borrowing cars regularly or sporadically.

Key Considerations for Swiss Car Insurance

Insurance Valuation and Underinsurance

Vehicles must be insured for their catalog price plus options (e.g., custom rims, advanced sound systems). Underinsurance occurs if the declared value is lower than the actual value, leading to reduced claim compensation. For example, if a car worth CHF 40,000 is insured for CHF 20,000 (50% underinsured), a CHF 10,000 claim would yield only CHF 5,000. Declaring options exceeding 10% of the catalog price is crucial to avoid such losses.

Bonus-Malus System

Switzerland’s bonus-malus system impacts premiums based on claims history. A no-claims bonus reduces premiums by 5% annually per module (liability, partial casco, full casco) until reaching a minimum level (35–60%, depending on age and module). Conversely, an at-fault claim incurs a 20% malus surcharge. Bonus protection can mitigate this risk, maintaining lower premiums after a claim.

Geographic Coverage

Swiss car insurance is valid across Europe and Mediterranean-bordering countries, as indicated on the green card provided by insurers. For travel outside these areas, country-specific insurance is required.

Deductibles

Higher deductibles lower annual premiums but increase out-of-pocket costs during claims. Policyholders should balance deductible levels with their financial capacity to cover potential claims.

Real Examples of Car Insurance in Switzerland

1. New Car Owner in Zurich: A 30-year-old expat purchases a CHF 50,000 SUV and opts for full casco insurance, including liability (CHF 400/year), partial casco (CHF 800/year), and collision coverage (CHF 1,200/year). They add bonus protection (CHF 150/year) and gross negligence coverage (CHF 50/year) to safeguard against premium hikes and claim disputes. Total annual premium: CHF 2,600.

2. Used Car in Geneva: A family owns a 5-year-old sedan valued at CHF 20,000. They choose liability (CHF 350/year) and partial casco (CHF 600/year) to cover theft and natural disasters, skipping full casco due to the car’s age. They include rental car deductible coverage (CHF 100/year) for occasional rentals. Total annual premium: CHF 1,050.

3. Motorcycle in Lausanne: A 25-year-old rider insures a CHF 15,000 motorcycle with liability (CHF 300/year) and partial casco (CHF 500/year) for theft and vandalism protection. They add borrowed vehicle protection (CHF 80/year) for riding friends’ bikes. Total annual premium: CHF 880.

Conclusion

Car insurance in Switzerland combines mandatory liability with optional partial and full casco modules, offering flexibility to tailor coverage to your needs. Extended options like bonus protection, gross negligence, and rental car coverage enhance financial security, particularly for expats navigating Swiss roads. By accurately valuing your vehicle, understanding the bonus-malus system, and selecting appropriate deductibles, you can optimize your policy. For personalized guidance, consult experts like those at Expat Experts to ensure compliance and comprehensive protection.

About Charles McHugo

Charles is a leading provider of expatriate insurance solutions, catering to the needs of individuals living in Switzerland. With his extensive knowledge of the local insurance market and a commitment to customer satisfaction, Charles offers tailored insurance solutions to meet the unique needs of expatriates and locals alike.

To learn more about contents insurance in Switzerland and explore the range of coverage options available, contact Charles directly on +41 78 601 40 90 or go to his website at www.charlesinsurances.com

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What Is Legal Insurance in Switzerland? Coverage and Benefits Explained

Navigating the legal landscape in Switzerland can be daunting, especially for expats unfamiliar with the system. Legal Insurance Switzerland offers a safety net, covering legal expenses and providing expert guidance in disputes. With attorney fees ranging from CHF 350 to CHF 800 per hour and court retainers adding to the costs, legal action in Switzerland is expensive. This is where a Legal Insurance Expert in Switzerland, like those at Expat Experts, becomes invaluable, helping you secure comprehensive coverage tailored to your needs. In this blog, we’ll define Legal Insurance Switzerland, explore its extended coverage, and highlight why consulting a Legal Insurance Consultant in Switzerland is essential.

Understanding Legal Insurance in Switzerland

Legal Insurance Switzerland, also known as Legal Protection Insurance Switzerland, is designed to protect individuals from the financial burden of legal disputes. Whether you’re a claimant or defendant, this insurance covers costs such as attorney fees, court expenses, and even the opposing party’s legal fees if you lose a case. According to Expat Experts, disputes that began before the subscription date are not covered, and a three-month waiting period applies. This makes it critical to secure Legal Insurance Switzerland early, ideally with guidance from a Legal Insurance Expert in Switzerland, to ensure timely protection.

The high cost of legal proceedings in Switzerland where attorney retainers often require an advance of ten hours underscores the importance of Legal Protection Insurance Switzerland. Without it, defendants are obligated to cover unavoidable legal fees, which can escalate quickly. A Legal Insurance Consultant in Switzerland can recommend policies that combine private and road user protection for full coverage, ensuring you’re safeguarded in various scenarios.

Extended Coverage of Legal Insurance in Switzerland

Legal Insurance Switzerland offers broad coverage, addressing multiple aspects of personal and professional life. Here’s a breakdown of the extended coverage provided by Legal Protection Insurance Switzerland, as outlined by Expat Experts:

• Attorney Fees and Court Costs: Legal Insurance Switzerland covers attorney fees, which can be capped at a specific hourly rate, and court costs, including retainers. A Legal Insurance Expert in Switzerland can help you choose a policy with a free choice of attorney, ensuring you work with a lawyer you trust.
• Compensatory Damages: This includes compensation for financial losses or emotional damages arising from legal disputes, providing financial relief in complex cases.
• Tenant and Landlord Disputes: If your rent is excessively increased, Legal Protection Insurance Switzerland can assist in challenging the landlord. A Legal Insurance Consultant in Switzerland ensures your policy covers such scenarios.
• Employment Issues: In cases of redundancy, Legal Insurance Switzerland can verify that your rights were respected during the process, offering legal support to contest unfair treatment.
• Traffic Violations: If you receive a parking or speeding ticket, or face license withdrawal, a Legal Insurance Expert in Switzerland can ensure the law was applied correctly, potentially reducing penalties.
• Contract Review: Before signing a binding contract, Legal Protection Insurance Switzerland allows you to have it reviewed by legal professionals to ensure compliance with local laws.

Expat Experts emphasizes checking the territorial validity of your policy, especially for coverage outside Switzerland, and ensuring no deductible applies for serious policies. This comprehensive approach makes Legal Insurance Switzerland a vital tool for expats.

Why Choose Expat Experts for Legal Insurance?

Partnering with a Legal Insurance Consultant in Switzerland, such as Expat Experts, ensures you get tailored advice and access to English-speaking professionals. Their expertise simplifies the complex Swiss legal system, helping you avoid costly mistakes. With Legal Protection Insurance Switzerland, you gain peace of mind, knowing that financial risks are minimized, whether you’re facing a lawsuit or initiating one.

Real-Life Examples of Legal Insurance in Switzerland

Here are three real-life scenarios where Legal Insurance Switzerland proves invaluable:

1. Landlord Dispute: An expat tenant faced an unjustified rent increase of CHF 500 per month. With Legal Protection Insurance Switzerland, they consulted a Legal Insurance Expert in Switzerland, who challenged the landlord’s decision, resulting in the rent being adjusted to a fair rate, saving thousands annually.
2. Employment Redundancy: An employee was made redundant without proper notice. Legal Insurance Switzerland covered the cost of a lawyer, arranged by a Legal Insurance Consultant in Switzerland, who ensured the employer compensated the employee for lost wages and unfair dismissal.
3. Traffic Fine Appeal: An expat received a speeding ticket they believed was issued in error. Legal Protection Insurance Switzerland facilitated a legal review, and the fine was overturned, saving the policyholder from penalties and potential license points.

Conclusion

Legal Insurance Switzerland is a critical safeguard for expats navigating the costly and complex Swiss legal system. With extended coverage for attorney fees, court costs, tenant disputes, employment issues, and more, Legal Protection Insurance Switzerland offers peace of mind. By consulting a Legal Insurance Expert in Switzerland or a Legal Insurance Consultant in Switzerland at Expat Experts, you can secure a policy that meets your needs, ensuring financial protection in legal disputes. Don’t wait until a dispute arises contact Expat Experts today to explore your Legal Insurance Switzerland options.

About Charles McHugo

Charles is a leading provider of expatriate insurance solutions, catering to the needs of individuals living in Switzerland. With his extensive knowledge of the local insurance market and a commitment to customer satisfaction, Charles offers tailored insurance solutions to meet the unique needs of expatriates and locals alike.

To learn more about Legal insurance in Switzerland and explore the range of coverage options available, contact Charles directly on +41 78 601 40 90 or go to his website at www.charlesinsurances.com

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Understanding Life Insurance in Switzerland with the Swiss third pillar system

Life insurance in Switzerland is more than just a financial safety net for your family; it is an integral part of the Swiss three-pillar pension system, offering tax optimization, income protection, and retirement planning. Whether you are a resident or an expat, understanding the nuances of Swiss three-pillar system can help you secure your family’s future while optimizing your financial planning.

This article delves into the different aspects of Swiss term life insurance and Swiss mixed life insurance and saving plans, providing real-life examples of Swiss life insurance and third pillar claims. It has been written with the valuable cooperation of Expat-Experts.ch and their panel of English-speaking experts, who can guide you through how life insurance and the three-pillar system works in Switzerland.

How to benefit fromlife insurance and the three-pillar system in Switzerland

Life insurance in Switzerland is a financial product designed to provide monetary benefits in the event of death, disability, and/or retirement. It is an integral part ofthe Swiss three-pillar pension system, which is considered one of the most robust in the world. The three pillars are:

1. Pillar 1: The state pension scheme, which provides basic financial security for retirement, disability, or death. The retirement benefits are capped at CHF 2’450.- per month in 2025 for those who have worked for 44 years in Switzerland and earned an average income over that period of roughly CHF 90k per year.

2. Pillar 2: The occupational or professional pension scheme, funded by employers and employees, offering additional income atretirement or in case of disability or death. The retirement benefits represent, on average, 12% of your gross salary over a 40-year period. The higher your income, the higher your retirement annuity.

3. Pillar 3: The private pension scheme, which includes Swiss term life insurance policies and Swiss mixed life insurance and savings plans under Pillar 3Awhich are tax deductible throughout Switzerland and Pillar 3Bwhich are only tax deductible in the Cantons of Geneva and Fribourg.

Swiss third pillar plans can be tailored to individual needs, offering options such as term life insurance, savings plans, mixed contracts, and disability income protection. These policies can be subscribed to under the Swiss 3rd Pillar system, providing significant tax benefits and financial security.

Pillar 3a and 3b plans are also commonly used to amortize Swiss mortgages by pledging them to the bank. Contact Charles directly on 078 601 40 90 for advice on structuring and amortizing your mortgage deal.  

Types of Swiss third pillar life insurance products

Swiss pillar three life insurance products are diverse and cater to various financial and personal needs. The options available are:

• Term Life Insurance: Provides a fixed benefit in case of death, ensuring financial stability for the beneficiaries. Comes without any benefits if the policy holder is still alive at the contract term.

• Mixed Life Insurance: Providesboth a fixed death benefit and a savings component if the policy holder is still alive at the contract term.

• Disability Income Insurance: Provides a fixed monthly income if the policyholder is unable to earn incomedue to illness or accident.

• Retirement Pension Insurance: Supplements Pillar 1 and Pillar 2 pensions, offering additional income forretirement. Comes without a life insurance policy.

Real-Life Examples of how third pillar plans are used

Understanding how these insurances work in practice can be best illustrated by examining real-life scenarios. Below are five examples of how a third pillar is used in Switzerland, highlighting the importance of having the right coverage:

1. Mortgage Protection:

A family in Zurich used a term life insurance policy to cover their mortgage after the sudden passing of the primary earner. The policy ensured that the surviving spouse could retain the family home without financial strain.

2. Disability Income:

A professional in Geneva suffered loss of income following illness. Their disability income insurance under the Swiss third pillar provided an annuity, bridging the gap left by Pillar 1 and Pillar 2 benefits.

3. Retirement Planning:

A recently retired couple in Lausanne useda mixed life insurance policy to supplement their Pillar 1 and Pillar 2 pensions. The savings component of their policy, provided a large lump sum, greatly improving their cash position at retirement and nicely complementing their pillar 1 and 2 annuities. 

4. Children’s Education Fund:

A family in Geneva invested in a Pillar 3B savings plan to secure their children’s future. When the policy matured, the funds were used to cover university tuition fees, ensuring the children’s education without financial burden.

5. Mortgage amortization:

A couple paid an average of CHF 7’000.- each, per year, into their pillar 3A plan for 21 years. On the CHF 14’000.- paid in per year they saved CHF 4’900.- of taxes per year, just over CHF 100k over the life of the two contracts. At the contract term the bank cashed in the two policies, worth CHF 447.6k and amortized 70% of their mortgage.

Conclusion

The different products of the Swiss three pillar system are a vital component of a comprehensive insurance packagefor expatriates and locals alike. The strict laws and regulations in the country, combined with the potential financial implications of poor or no coverage, make it an important part of your financial planning.

By investing into your second and third pillars, individuals can enjoy peace of mind, knowing that they are prepared for a comfortable retirement and protected against potential loss of income or the passing of a spouse. Whether you are an expat or a Swiss resident, ensuring that you have the right coverage is crucial.

Expat-experts.ch, with their in-depth knowledge of the Swiss insurance market and the three pillar system, ensure that their clientshave access to the necessary protection.

About Charles McHugo on the Expat-Experts.ch Specialist Panel

Charles is a leading provider of expatriate insurance solutions, catering to the needs of individuals living in Switzerland. With his extensive knowledge of the local insurance market and a commitment to customer satisfaction, Charles offers tailored insurance solutions to meet the unique needs of expatriates and locals alike. He is the Expat-Experts.ch insurance specialist.

To learn more about life insurance in Switzerland and explore the range of coverage options available, contact Charles directly at +41 78 601 40 90, visit his website at www.charlesinsurances.com or read his guide on the subject at https://expat-experts.ch/life-insurance. 

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Understanding the different modules of travel insurance in Switzerland

 Travel insurance is a crucial element for anyone planning a trip, offering financial protection against unexpected events that could interfere with your travel plans. In Switzerland, comprehensive travel insurance packages provide a strong safety net for travelers, covering various potential issues such as trip cancellations and medical emergency cash advances. This article delves into the different aspects of cancellation, travel & roadside assistance insurance, and gives real-life examples of Swiss travel insurance claims. This piece is writtenwith the valuable cooperation of Expat-Experts.ch and their panel of English-speaking experts who will help you understand how it works in Switzerland.

What is cancellation, travel & roadside assistance protection in Switzerland?

In Switzerland, cancellation, travel, and roadside assistance insurance offers comprehensive protection for travelers. It covers trip cancellation or postponement costs due to unforeseen circumstances like home damage, theft, or strikes. It provides worldwide assistance, including document theft protection, advances on medical expenses, and costs related to travel disruptions. Roadside assistance covers vehicle breakdowns, repatriation, and additional transport and accommodation costs. These insurance plans ensure full protection for multiple trips and various transport modes, making them cost-effective compared to individual policies for each trip.

For frequent travelers, these insurance plans provide peace of mind by mitigating the financial risks associated with travel disruptions and emergencies. They ensure that you are not left vulnerable to unexpected costs and can focus on enjoying your trip, knowing that help is readily available if needed.

Real-life examples of Swiss travel insurance claims

Travel insurance in Switzerland is indispensable for ensuring a worry-free travel experience. Whether it's protecting against trip cancellations, helping withmedical emergencies, or providing roadside assistance, having a robust insurance policy can save you from significant financial losses and stress. Real-life examples highlight the importance and effectiveness of such insurance, underscoring the need for every traveler to invest in comprehensive coverage.

1. Cancellation Claim: Sudden Illness

A family from Geneva had planned a week-long vacation in Florida. Unfortunately, just days before their departure, the father fell seriously ill and was hospitalized. With cancellation protection, they were able to recover the costs of their non-refundable hotel bookings and flight tickets. This insurance saved them a significant amount of money, which would have otherwise been lost.

2. Travel Claim: Lost Luggage

A traveler flying into Toronto from Zurich found that his luggage was lost upon arrival. His travel insurance included lost luggage coverage, which provided immediate financial assistance to purchase essential items until his luggage was recovered. 

3. Roadside Assistance Claim: Vehicle Breakdown

While driving through the picturesque roads of the Swiss countryside, a tourist experienced a sudden car breakdown. Luckily, he had roadside assistance protection. A quick call to the insurance provider dispatched a mechanic who arrived within an hour, fixed the issue, and allowed the tourist to continue his journey without major disruptions. The cost of the repair was covered by the insurance, sparing the traveler from unexpected expenses.

4. Travel Claim: Airline grounding due to natural events

A Swiss family’s flight was cancelled due to a natural event. Thanks to their travel insurance plan new tickets were financed for the next day, so no financial loss was suffered on flights. The unused hotel night and car rental day was also refunded.

By understanding the various compensation plansavailable and choosing the best travel insurance in Switzerland, you can travel with confidence, knowing you're covered against the unexpected. So, whether you're planning an adventurous vacation in Thailand or a ski holiday in the Alps, make sure your travel insurance is as reliable as your itinerary.

Conclusion

Travel insurance is a vital component of a comprehensive insurance plan for expatriates and locals alike. The strict laws and regulations in the country, combined with the potential financial implications of poor or no coverage, make it an important part of your insurance package.

By investing in travel insurance, individuals can enjoy peace of mind, knowing that they are adequately protected against potential travel insurance claims. It is also more cost efficient to buy one annual travel insurance plan, rather than adding travel specific plans each time one books a trip.

Expat-experts.ch, with their in-depth knowledge of the Swiss insurance market, ensure that individuals have access to the necessary protection. This includes all types of travel insurances.

About Charles McHugo on the Expat-Experts.ch specialist panel

Charles is a leading provider of expatriate insurance solutions, catering to the needs of individuals living in Switzerland. With his extensive knowledge of the local insurance market and a commitment to customer satisfaction, Charles offers tailored insurance solutions to meet the unique needs of expatriates and locals alike. He is the Expat-Experts.ch insurance specialist.

To learn more about travel insurance in Switzerland and explore the range of coverage options available, contact Charles directly on +41 78 601 40 90 or go to his website at www.expat-experts.ch or www.charlesinsurances.com.

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How the Swiss Social and Private Insurance System Defines Disability

Disability is commonly defined as a person’s mental or physical condition that restricts his or her movements, senses or activities. It is generally a condition that makes it difficult for a person to interact with the outside world. This definition does not apply to the term “disability” in loss of income and disability insurance in Switzerland. According to the Swiss social security system, disability does not refer to a person’s mental or physical condition, but to their capacity to earn income.

Before subscribing to Swiss loss of Income and Disability Insurance, it is important to understand the term “disability”.  The following examples will help to clarify:

Case 1: When a person suffers from a physical condition that partially restricts his movements and activities

Due to a serious car accident, a software engineer has to have his right leg amputated beneath the knee. Despite his impairment he can continue his desk job. This means he continues to have the capacity to earn income, not making him liable for a full Swiss disability insurance compensation package.

Considering the discomfort caused by the disability, the employee is authorized by the authorities to only work at a rate of 60%. This results in a 40% loss of his capacity to earn income, which qualifies him for partial loss of income and disability insurance benefits from his Swiss pillar one and pillar two pension plans.

Case 2: Person suffering from acute mental sicknesses such as a depression or burnout

If the same software engineer suffers from a burnout which unable him to work for several years, he will be considered 100% disabled as his entire capacity to earn an income has been lost. This condition qualifies him for the full Swiss loss of income insurance pillar one and pillar two compensation package. The pillar one benefits will be liberated after 360 days, the pillar two benefits after 720 days.

The Swiss loss of income or disability insurance compensation scale

As can be seen on the below scale, if one loses more than 40% of ones capacity to earn income one will benefit from the pillar one and pillar two Swiss disability or loss of income insurance compensation schemes. The amount of the full compensation scheme depends on the revenue one earns and the number of years one has been contributing to the pension plans for.

• 25% of the full compensation package is allocated for a 40% loss of earning capacity
• 50% of the full compensation package is allocated for a 50% loss of earning capacity
• 75% of the full compensation package is allocated for a 60% loss of earning capacity
• 100% of the full compensation package is allocated for a 70% or above loss of earning capacity

Note: There is no compensation for individuals who lose less than 40% of their earning capacity.

The loss of earnings capacity for the most common infirmities have been pre-defined by the authorities, some examples below:

• Tetraplegia:        100% loss of earning capacity
• Complete deafness: 85% loss of earning capacity
• Loss of an arm 50% loss of earning capacity
• Loss of a kidney         20% loss of earning capacity
• Loss of an eye         30% loss of earning capacity
• Loss of a thumb         20% loss of earning capacity

Understanding how loss of income and disability is defined in Swiss insurance law can help each and every one of us understand why it is wise to subscribe to a third pillar loss of income and disability insurance in Switzerland. If one suffers a loss of earning capacity following an illness the pillar 1 and 2 benefits will never exceed 60% of one’s last salary, and in many cases less. We therefore recommend consulting a professional such as Charles McHugo on +41 78 601 40 90, the Expat-Experts.ch insurance specialist, to calculate your social security compensation plan and how you can improve it. You can consult his guide to loss of income and disability insurance in Switzerland

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Does My Swiss Contents Insurance Cover My Valuable Items All Over The World?

Nearly 80% of the people who buy standard Swiss contents insurance believe that it will protect all of their personal belongings anywhere in the world. But this is not true. Thus, when the majority of people lose their expensive personal belongings or medical equipment they get little or no compensation whatsoever for these losses.

In this article, you’ll learn why a standard contents insurance is an extremely poor way to protect your valuable items and why subscribing to Swiss High Value Items Insurance is the only valid way to protect your valuable items that are close to your heart.

Let us start by understanding what standard contents insurance actually covers and why it is not the right insurance coverage for your valuable items.

What does the Swiss contents insurance cover?

Basic Swiss contents or personal belongings insurance only protects your personal belongings against three distinct risks if they get damaged inside your house; these are fire damage, water damage and damage following a natural event such as a flood or heavy winds. Contents insurance also protects your personal belongings in the event of robbery and burglary.

Valuable items like your watches or jewelry are poorly covered by the contents insurance because you can only get compensation for them if they are damaged by one of the above mentioned risks. You will also receive a capped amount which might not cover their full value if they are stolen from your home or by force when you are outside of your home.
The only way to protect ones valuable items all over the world is to subscribe to Swiss high value items insurance.

What does Swiss high value items insurance cover?

The truth is that your valuable items like jewelry, medical devices, or even musical instruments can get stolen, lost or damaged anywhere. It can happen inside your home or abroad. As mentioned above, the standard Swiss contents insurances have capped compensation for your valuable items for a limited number of risks.

So, if you accidentally damage or lose a precious item it is gone forever and the insurance company will not help you to replace it through your contents insurance plan.

High value items insurance in Switzerland is the only way to protect your valuables worldwide. Here is a list of things high value items insurance in Switzerland covers:

• Loss: If you lose your insured valuable items you’ll be compensated according to their declared value.
• Damage and repair: If your insured items get damaged and are repairable, then you will get compensation for the complete cost of repairing the items.
• Loss of value: If a valuable item, such as a complex watch suffers damage and the repair results in a loss of value, the lost value will be compensated.
• Robbery, burglary, or larceny: If your insured items are stolen from you by force or larceny you will be compensated for them.

Swiss high value items insurance is a unique all risk worldwide protection package. 

Examples of high value items insurance claims

Jennifer accidentally broke her engagement ring which she insured for CHF 12,000.

If it would cost Jennifer CHF 1,500 to repair the broken engagement ring which she was paying the premium for, the insurance provider will bear the total cost of CHF 1,500 to repair the ring (less the deductible if applicable). Moreover, if the engagement ring is only valued at CHF 11’000 after the repair, the insurance company will also pay her CHF 1,000 as compensation for the loss of value the engagement ring suffered.

How to subscribe to high value items insurance in Switzerland?

In order to subscribe to Swiss high-value items insurance protection, you need the following:

• The invoice of each individual item or a recent estimate to define the insured value. 
• A photograph of all the items you are planning to add to your insurance coverage.

It is important to remember that the high-value item's insurance in Switzerland is a lump sum insurance so the compensation for each of your items is capped at its declared value which you are paying a premium for. This is why it is important to re-assess the value of your items at least once every 3-5 years to see if the insured amount should be increased or decreased.

Expat Experts recommends that you consult a certified high value items insurance expert who will provide you with a detailed guide to high value items insurance in Switzerland so you can choose the best plan for you and protect the precious pieces that you have spent a lot of memorable moments with.

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