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.
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
A bridging loan finances the surplus value still tied up in your current home, so that you can buy the new home before the old one has been transferred. If the old home has already been sold, the lender counts a larger part of that surplus value than if it is still on the market. The term is limited and the double costs continue in the meantime.
In insurance terms this period turns on one fact: the risk only passes on transfer before the notary, not on signing the contract of sale. Until that moment you keep the old home insured. Once you have moved, that home stands empty, and a vacancy clause that severely limits cover almost always comes into effect.
We do not provide bridging loans. The buildings insurance at both addresses and the notification of the vacancy are things we do arrange.
Please note: borrowing money costs money. Finass Advies B.V. holds a licence for non-life insurance and does not act as an intermediary for credit or mortgages. This page is informative. For an application we refer you to a provider with a licence for consumer credit or mortgage credit. Every licensed provider consults the BKR (the Dutch credit register) for credit of € 250 or more with a term of longer than one month.
The structure of the cover in three parts, with an overview per situation below.
In advance
What you need
What a lender asks for.
Income details
Value of the collateral
Overview of obligations
In addition to the interest
What it costs
What is often forgotten.
Advice and arrangement fees
Valuation and notary
Property transfer tax
Conditions
What goes with it
What the lender requires.
Buildings insurance compulsory
Sometimes term life cover
Interested party on the policy
What is covered
Subject
Explanation
Advice is independent
Yes
We compare several providers
Yes
We arrange credit ourselves
No
Referral to a specialist party
Yes
A first conversation without obligation
Yes
Costs clear in advance
Yes
This overview is general in nature and is not personal advice. What is actually covered, including exclusions, limits and the excess, is set out in the policy conditions and the insurance card (verzekeringskaart) of the insurer; you receive both before you take out cover. Taking out cover without advice? Then read what execution only means for you.
Where things go wrong in practice
Four points that make the difference between a policy that pays out and one that does not.
The empty home loses most of its cover
Once the home is no longer occupied, insurers usually reduce cover to fire, storm and lightning strike. Burglary, vandalism, broken glass and water damage then fall outside the policy. Report the vacancy actively; failing to disclose it costs you cover. Arrange for someone to keep an eye on the property, do not let post pile up, drain the pipes in winter and keep the heating above freezing.
Two policies alongside each other until transfer
Do not end the insurance on the old home on the moving date but on the day of transfer; until then you are the owner and bear the risk. For the new home, cover starts on the transfer date. Your contents are spread over two addresses during that period, and damage during the move itself is generally covered only to a limited extent under a home contents policy.
Damage between sale and transfer affects the sale
If the old home suffers a fire or a leak after the contract of sale has been signed but before transfer, you as the seller are required to arrange the repair. In the event of serious damage the buyer can rescind the purchase. The insurance payout is then all you are left with, and your lender is named as interested party on that policy and has a claim of its own.
If the old home does not sell
The bridging loan has an end date. If transfer does not take place in time, you must extend it or arrange other finance, while the double costs continue. If you are considering letting the property temporarily, that is a change of risk that leads to a different policy; a private buildings cover is not designed for it and letting without notification costs you your cover.
What does your premium depend on?
Length of the unoccupied period. The longer the home stands empty, the heavier the clause and the premium loading.
Rebuild value of both homes. During the bridging period you pay premium on two buildings at once.
Year of construction and construction type. Older pipework and timber structures increase the risk in an empty property.
Security and supervision. Demonstrable supervision and good locks and fittings widen acceptance.
Excess chosen. A higher excess per event reduces the premium on both policies.
Glass and garden cover included. With vacancy, broken glass is often precisely the section that is excluded.
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.
Yes. You remain the owner of the old home until transfer before the notary and bear the risk until that moment. You insure the new home from the transfer date. There is therefore a period in which two buildings policies run alongside each other. Only cancel the old policy after the deed of transfer has been executed, not when you move.
When does the risk pass to the buyer?
On transfer, that is to say at the moment the deed is executed before the notary. Signing the contract of sale changes nothing about that. If damage occurs in the intervening period, that is your problem as the seller: you must repair it or reach an arrangement with the buyer, and in the event of serious damage they can rescind the purchase.
What if the empty home is broken into?
There is then a strong chance that you will receive nothing. With vacancy, a clause almost always applies that limits cover to fire, storm and lightning strike, so that burglary, vandalism and broken glass fall outside it. Report the vacancy in advance, therefore, and ask what measures your insurer requires, such as supervision or additional locks and fittings.
Does Finass provide bridging loans?
No. We advise and act as intermediary in general insurance. For bridging finance we refer you to an adviser with a mortgage licence. What we do is align the cover at both addresses with the transfer date, notify the vacancy and make sure your lender remains named as an interested party on the policy.
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.
