Household insurance is one of the most frequently sold insurance products in Austria. Around nine out of ten tenants, apartment owners, and home owners have already concluded a household insurance policy. Due the heterogeneity of the risks to be insured against, it is a relatively complicated product that may have a widely varying scope of cover. Depending on what it includes, insurance cover offered financial protection against damage arising from fires, storm damage, water pipes, burglary and broken glass, to name but a few of the most important areas. Most insurance policies also include an additional private liability insurance. The amount of the premium therefore varies very significantly, depending on the scope of coverage. It is therefore worthwhile for consumers to consider very carefully about the insurance package that they actually require, as well as the rights and obligations that are included in the insurance policy.<\/p>