Avéro Achmea · compared independently · advice from Finass
Tenant's improvements insurance through Avéro Achmea
Tenant's improvements insurance covers the installations you as a tenant have put into rented premises yourself and which are not covered by the landlord's buildings policy when damage occurs.
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 situation
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
In brief
Anyone who rents premises or a home and then puts thousands of euros into it is left with a gap. The owner insures the building as it was; everything you had installed afterwards does not appear in his policy. Think of a kitchen, bathroom fittings, a poured floor, a suspended ceiling, partition walls, air conditioning, sun blinds, an alarm system or a reception desk and counter fixed to the building.
Legally the position is uncomfortable. Under accession those installations become the property of the owner of the building, even though you paid for them. After a fire he receives the payment for the shell and you are left empty-handed, unless you have insured your own interest separately. Article 7:216 DCC does give you the right to remove alterations you have made at the end of the lease.
Do not confuse this cover with business contents insurance. Loose furniture, stock and equipment that you can take with you belong there. The tenant's improvements policy is only about what is fixed to the structure.
The structure of the cover in three parts, with an overview per situation below.
Basic cover
The basic cover insures the core of your tenant's improvements insurance. We show what Avéro Achmea and other insurers offer within it.
Injury to persons
Property damage to third parties
Employees included
Retroactive cover (prior risk)
Extended cover
On top of that to damage to third parties, employers' and product liability and damage during work at the client's premises.
Employers' liability at the client's premises
Product liability
Agency workers, interns & volunteers
Care, custody and control (property in your care)
Complete package
The most complete cover. We compare Avéro Achmea's extended version with the market.
Environmental impairment (unforeseen, limited)
Retroactive cover (prior risk)
Higher sums insured
What is covered
Situation
Standard
With extension
Fire, smoke and lightning strike
Yes
Yes
Storm from force 7 upwards
Yes
Yes
Water damage from a burst pipe
Yes
Yes
Glass breakage
Provided it is declared
Yes
Groundwater coming through the floor
No
No
Wear and deferred maintenance
No
No
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.
Where the boundary with the buildings policy lies
What matters is what was already there when the lease began. The shell, the original installations and the facade belong to the landlord and fall under his insurance. Everything you had installed afterwards is your interest. Record it: keep quotations, invoices and photographs of the handover. Without those documents it can never be established after a fire whose kitchen was whose and who receives which part of the payment.
Your liability towards the landlord
Under Article 7:218 of the Dutch Civil Code as a tenant you are liable for damage to the property let arising during the lease, unless you show that it cannot be attributed to you. A separate rule of proof applies to fire damage. The landlord or his insurer can therefore recover the loss from you. You do not arrange that liability with this policy but through liability cover; check that the two fit together.
What is not reimbursed
Outside the cover are: defects and deferred maintenance to the building itself, which is the owner's concern; damage from gradually acting influences such as damp, wet rot and wear and tear of your own installations; and design faults in the fit-out you had carried out, for which you must turn to the contractor. Depreciation through ageing and reinstatement to the original condition at the end of the lease are also not insured.
Keep the sum insured up to date after every alteration
The amount is set at what it costs to install your fittings again. That grows with every alteration: an extra consulting room, a new floor, a second kitchenette. If the amount is not adjusted, a claim is settled proportionately and you pay the difference yourself. So report alterations immediately; the duty of disclosure at inception under Article 7:928 of the Dutch Civil Code continues with every change in the risk.
Retroactive cover (prior risk)
Retroactive cover (prior risk) Included for your staff during work.
Defence & legal costs
What does your premium depend on?
Value of the fittings installed. The main basis: what it costs to have your own fit-out installed again.
Use of the premises. An office, a hair salon and a catering business each carry their own fire risk.
Construction type of the building. Brick with a hard roof covering or a hall with sandwich panels makes a difference to how fire spreads.
Security. Burglary-resistant locks and fittings, an alarm and the presence of a fire detection system.
Type of cover chosen. Fire and storm only, extended, or an all-embracing form including inherent defect.
Excess and glass cover. Glass in the facade and frontage is often arranged separately and moves the premium considerably.
Insurers weigh these details differently. That is where your saving is.
How we arrange it
You request a quoteWe take stock of your situation, your risk and your 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.
My landlord has insured everything, so is this duplication?
No. His policy pays for the building as it existed when the lease began, and pays out to him. Your own investment in the fit-out does not appear in it and would simply disappear in a fire. If you wish, ask the landlord to confirm in writing what is and is not included in his sum insured. That prevents you insuring twice unnecessarily.
I rent a home and have only replaced a kitchen. Is it worth it?
That depends on the size of the investment. A kitchen, bathroom and floor together often represent a substantial amount that you would have to spend again in full after a fire or a major leak. If it has stayed at a few individual alterations, you can sometimes include them as owner's improvements on your contents policy. Have the amounts set side by side.
What happens to the cover if I move?
Your interest ends as soon as you hand the property back. If you take the installations with you under your right of removal, they move to the new premises and you adjust the policy accordingly. If you leave them behind, for example because the landlord takes them over, your interest lapses and the cover has to be ended or transferred to the new location.
Is damage caused by the landlord covered as well?
If the owner or his contractor damages your fit-out during work on the building, that is in the first place their liability. Your own policy can advance the cost of the loss and then recover it. Report such damage immediately and photograph the situation before any repairs are made, otherwise it can no longer be established afterwards which part was caused by the work.
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.
