Contents & personal liability

First-loss cover


Some insurance companies offer so-called first-loss cover. Insurance on a "first-loss" basis means that the policyholder and the insurance company agree on a maximum sum insured per loss event for a certain module of an insurance. This amount is much smaller than the general sum insured.

Example:

  • The sum insured for all household contents is CHF 100,000.
  • The sum insured on a "first-loss" basis for furniture glass is CHF 3,000.


Consequences:
  • Underinsurance is not possible with a first-loss cover.
  • In the event of damage, the benefits for the "first loss" are not reduced due to underinsurance.