Nomen

die Grundbesitzversicherung

property insurance, real estate insurance, landowner's liability insurance

Eine Grundbesitzversicherung ist für Hausbesitzer wichtig.

Property insurance is important for homeowners.

to take out ((a/an sth.)) (e.g., an insurance) He needs to take out a property insurance.

Gebäudeversicherung (building insurance), Haftpflichtversicherung (liability insurance)

Composed of 'Grund' (ground, land), 'Besitz' (possession), and 'Versicherung' (insurance). Literally 'land possession insurance'.

Think of it as 'ground-possession-insurance'. It's insurance for the property you possess on the ground.

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