The calculator and the quote form below are in Dutch. Prefer to do this in English? Email info@finassverzekert. nl or call 072 - 509 24 56 and we will take it from there.
Work out for yourself what it would cost.
Enter your details; you will receive a proposal within one working day.
We compare the offerings of several insurers
An adviser checks whether the cover suits your activities
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
In brief
A VvE package covers the entire block of flats: the buildings including the communal parts, glass, the association's liability and usually the liability of the board as well. The boundary between what is communal and what is private is set out not in the policy but in the deed of division; those two documents have to match.
As the possessor of the structure, the VvE bears strict liability under Article 6:174 of the Dutch Civil Code. If the edge of a balcony falls or someone is injured by a defective stairwell, the association is liable without fault having to be shown. That makes maintenance and an up-to-date long-term maintenance plan an insurance matter.
We compare this structure with the offerings of other insurers and check in particular how the rebuild value is established and how it ties in with your deed. See also business general insurance.
The structure of the cover in three parts, with an overview per situation below.
Our starting point
Comparing independently
We compare Avéro Achmea with several insurers.
No ties to a single insurer
Advice tailored to your situation
We arrange the switch
What we do
What we do
At Finass
Direct with Avéro Achmea
Comparison across several insurers
Yes
No
Advice based on your own situation
Yes
Sometimes
One point of contact for claims
Yes
Sometimes
Cancellation with your current insurer arranged
Yes
No
We determine whether Avéro Achmea is the best choice
Yes
No
Advice fees for you as a customer
No
No
This overview concerns our service, not the cover. What is actually covered is set out in the policy conditions and on the insurer's insurance card (verzekeringskaart); you receive both before you take out cover.
Where things go wrong in practice
Four points that make the difference between a policy that pays out and one that does not.
Rebuild value of the whole block, not of your flat
The sum insured on a VvE buildings policy is the rebuild value of the entire building, including foundations in so far as they are covered, stairwells and storage rooms. If that amount is set too low, every claim is settled proportionately and each owner bears a share of the shortfall. Have the rebuild value established by a valuer and keep an eye on the guarantee period against underinsurance.
Communal or private: the deed decides
Window frames, balconies, pipework and the central heating system may be allocated differently from one block to another. What is private under the deed does not fall under the VvE policy but under the owner's contents or home insurance. After a leak, the argument arises precisely at that boundary. Set the deed alongside the policy cover and record the outcome in the VvE regulations, so that residents know where they need to be insured themselves.
The board carries a risk of its own
Board members of a VvE are usually volunteers, but they do take decisions about reserves, maintenance and tendering. If it turns out afterwards that the maintenance fund was inadequate or that a decision was unlawful, they can be held personally liable. So directors' and officers' liability cover belongs in this package. Without it, such a claim falls outside the buildings and liability policies.
Deferred maintenance and subsidence are excluded
Not covered are: damage from deferred maintenance, gradual penetration of damp, construction faults and subsidence or foundation repairs. Those are exactly the items the long-term maintenance plan and the reserve fund are intended for. Damage to residents' private contents also falls outside the VvE policy. Anyone who treats these elements as insurable is in for a shock at the first major repair.
What does your premium depend on?
Rebuild value of the complex. The assessed value of the entire building forms the calculation basis.
Construction type and roof covering. Brick, timber and the type of roof covering determine the fire risk of the whole.
Year of construction and state of maintenance. An up-to-date long-term maintenance plan works in your favour on acceptance.
Number of flats and commercial units. Mixed blocks with shops or catering on the ground floor are rated more heavily.
Cover components chosen. Glass, the association's liability and directors' and officers' liability are separate modules.
Excess per event. A higher excess reduces the premium and therefore the monthly contribution per owner.
Insurers weigh these details differently. That is where your saving is.
How we arrange it
You request a quoteWe take stock of your activities, turnover and wishes.
We compareseveral insurers, on premium as well as conditions.
You receive a proposalWith an explanation of the differences and the exclusions.
We arrange the switchIncluding cancellation, so there is no gap in cover.
Customers rate our service on four aspects: personal service, service delivery, availability and the outcome. The reviews are collected and published by NH1816 and come from customers who have actually taken out a policy with Finass Advies B.V. or reported a claim.
That follows from the deed of division. If the pipe runs through a communal part, it is a matter for the VvE policy. If the defect is behind the front door in a private part, it is for the owner and their own home or contents insurance. Set the deed and the policy side by side before the damage occurs.
Is the VvE liable if someone is injured in the stairwell?
As possessor of the structure the association bears strict liability under Article 6:174 of the Dutch Civil Code. Fault does not have to be shown. A defective condition of the building is enough. The liability cover in the VvE package meets such a claim, provided maintenance was not deliberately neglected.
We are underinsured. What happens when we claim?
In the event of underinsurance the insurer pays proportionately, including on small claims. Each owner then bears a share of the shortfall through the VvE contribution. So have the rebuild value assessed and check whether a guarantee against underinsurance applies and how long that valuation remains valid.
Am I obliged to place this with Avéro Achmea?
No. We are not tied to any one insurer and compare this with the offerings of other VvE insurers. The difference here lies mainly in the rebuild value guarantee, the treatment of glass and whether directors' and officers' liability is included. If another provider suits your block better, that is what we will advise.
Finass Verzekert is a trading name of Finass Advies B.V. We advise on and arrange non-life insurance on the basis of an objective analysis of several insurers, and receive commission for this from the insurer, which is included in the premium. You pay no separate advice fee. Before you take out cover, we establish your wishes and needs.
You will find our licence, KvK and Kifid details and our complaints procedure at the foot of every page.
