Top-Ranked Accident Insurers: Insights into the 69 Companies with Outstanding Ratings.
## News Article: M&M Evaluates Top Accident Insurance Tariffs in Germany
Morgen & Morgen (M&M), a renowned financial analysis firm, has conducted an evaluation of accident insurance tariffs in Germany, providing valuable insights for consumers seeking comprehensive coverage. The M&M rating shows that the tariffs are generally at a high to very high level of conditions, with 69 out of 225 tariffs receiving the top rating of five stars.
Andreas Ludwig, an M&M analyst, explains that the extended accident definition benefits policyholders, covering a wide range of triggers such as pre-existing conditions, insect bites, and food intolerances. This expanded definition is a significant factor in the evaluation process, as testers pay particular attention to its details.
The evaluation also takes into account the basic sum, with the recommendation that it should always be chosen high enough to provide sufficient coverage in case of less than 25 percent invalidity. Moreover, the quality of the evaluated tariffs is generally reliable, according to M&M analysts.
Price differences in accident insurance are substantial, with a maximum difference of over 200%. The most expensive tariff for the same scenario costs 1,364.88 euros per year, while the cheapest tariff without progression for a 30-year-old insurance salesman seeking a 1,000,000 euro total invalidity sum insured costs 523.60 euros annually. The higher the progression, the lower the premium, according to Ludwig. With a 350% progression, the cheapest tariff costs 196.05 euros per year.
The M&M Rating Accident Insurance evaluates the conditions of insurers using 50 performance questions, weighted according to their importance. Only eight tariffs receive the lowest rating of one star in the M&M rating. The rating takes into account factors such as the claims handling process, customer service, and additional features like accident-related travel costs or rehabilitation support.
For an insurance advisor, the challenge lies in choosing a high-quality tariff with an individually suitable combination of basic sum and progression for the customer. When comparing accident insurance tariffs, several key factors are typically considered: coverage, price, rating and analysis, customer service and claims process, and additional features.
For specific information on top-rated accident insurance tariffs in Germany, including their comparison in terms of price and coverage according to M&M's rating, you would need to consult their publications or contact them directly. It is essential to make an informed decision when choosing accident insurance, and M&M's evaluation provides a valuable resource for consumers seeking comprehensive coverage at a reasonable price.
In the process of evaluating top accident insurance tariffs, Morgen & Morgen (M&M) considers the investment strategy in terms of the quality of tariffs and the basic sum, aiming to provide coverage that is both comprehensive and affordable for consumers. A key factor in their evaluation is the extended accident definition, which covers a variety of triggers, such as pre-existing conditions, insect bites, and food intolerances, thus playing a significant role in their rating system.
