The consumer advice center repeatedly advises against residual debt insurance. According to the experts, these are simply too expensive, do too little and rarely pay out. If you take out larger loans for cars, electronics or furniture, you will still be eligible for such offers.
The good news: The insurance has been allowed since January 2025 only one week after concluding a loan agreement be completed. This protects you from being hastily foisted upon you by such insurance and gives you more time to think about it.
This means that a common point of criticism of residual debt insurance is reduced: the pressure that is placed on customers during the brokerage process. Don’t be fooled by phrases like: “I bear all costs and risks myself” Don’t be unsettled and check carefully during this time whether residual debt insurance is really worth it.
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