Form and extent
- Limited: fire, storm, explosion, lightning
- Extended: water and burglary as well
- Comprehensive cover rarely available for letting
- Glass often a separate section
Compare buildings insurance (opstalverzekering) for let homes
Premiums for let homes vary widely. The difference lies rarely in the insurer and almost always in the type of cover, the excess and the details you have given.
- several insurers compared objectively
- 9.5 customer rating for a new policy
- AFM licence 12016589
- Personal 072 - 509 24 56, weekdays 9–17
This page in another language: Nederlands
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
- We arrange the switch, including cancellation
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
- Independent advice
- Several insurers
- Switching arranged
- Help with claims
In brief
Buildings insurance (opstalverzekering) for a let home has no fixed price. The premium follows from the rebuild value, adjusted for construction type, roof covering, year of construction, postcode area, type of letting, type of cover and excess. That is why we quote no figures: a price without your address, sum insured and type of letting means nothing. What is certain is that 21% insurance premium tax is charged on every general insurance premium, included in the amount on your policy schedule.
For let homes, the real difference lies in the conditions. Note the type of cover: many cheap quotations cover only fire, storm and explosion and leave out water and burglary damage. Look further at the vacancy period, at whether loss of rent and owner's interest are included and whether a guarantee against underinsurance applies. That guarantee is by no means always given on let properties.
One thing you cannot compare away: the details must be correct. A low premium based on a home you would occupy yourself is not a saving but a risk. The duty of disclosure under Article 7:928 of the Dutch Civil Code applies when you take out the policy, and Article 7:930 of the Dutch Civil Code allows the insurer to reduce or refuse payment if the details were not correct. See also several buildings insurance policies for let homes.
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What to look at when comparing
Three elements together decide whether a cheaper quotation really is cheaper.
Sum insured
Rebuild value, indexation and whether or not there is a guarantee against underinsurance.
- Not the same as the WOZ or market value
- Check the annual indexation
- Guarantee not always given when letting
- Valuation of unusual properties
Loss of rent and more
Elements that one insurer includes as standard and another prices separately.
- Loss of rent and the associated period
- Owner's interest with its own sum
- Vacancy period in the conditions
- Excess per event
What is covered
| Situation | Limited | Extended |
|---|---|---|
| Fire, lightning strike, storm and explosion | Yes | Yes |
| Water damage from a burst pipe | No | Yes |
| Burglary damage to doors and frames | No | Yes |
| Loss of rent and owner's interest | Provided that | Provided that |
| Damage caused by the tenant or vandalism by occupants | No | No |
| Deferred maintenance, wear and subsidence | No | No |
What is actually covered, including exclusions, limits and the excess, is set out in the policy conditions and the insurance card (verzekeringskaart) that you receive before you take out cover.
What does your premium depend on?
- Rebuild value: the main basis for calculation
- Type of letting: a family, rooms or holiday use
- Type of cover: limited or extended
- Excess: higher risk, lower premium
- Construction type and year of construction: material and state of maintenance
- Number of properties: combining on one policy
Insurers weigh these details differently. That is where your saving is.
How we arrange it
- You request a quoteWe take stock of your situation, risk 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.
Why arrange it through Finass Verzekert?
We look at the terms as well as the premium, and stay your point of contact when there is a claim.
Independent
We are not tied to one insurer and compare on the basis of an objective analysis of several companies.
One fixed adviser
You call or email someone who knows your file. No menu options, no changing call centres.
Switching without hassle
We cancel your old policy and align the start date, so you are never a day without cover.
Help with claims
We report the claim and monitor how it is handled. In urgent cases you can reach us on the emergency line.
9.5New policy
9.8Claims handling
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.
Why the cheapest quotation is not always the best
Four points that determine what you really pay and what you get for it.
A lower premium comes from somewhere
Price differences between quotations almost always have an identifiable cause: a a more limited form of cover, a a higher excess, the absence of loss of rent cover or the absence of guarantee against underinsurance. So set the quotations side by side on these points and not just on the monthly amount. With let homes that matters more than with your own home, because you cannot deal with a claim on the spot yourself and the repairs affect your rental income.
Giving the correct details is not optional
The temptation not to report letting is understandable, because the premium is lower. The effect, however, is that you pay a premium for cover that does not work when you claim. Article 7:928 of the Dutch Civil Code requires full disclosure when you take out the policy; under Article 7:930 of the Dutch Civil Code the insurer can reduce payment proportionally or refuse it altogether if, knowing the facts, it would have accepted the property on different terms or not at all. So report letting, rooms let, vacancy and building work.
Note the vacancy period
A detail that is rarely visible in comparisons but counts immediately when letting: the period during which vacancy is allowed without consequences. Every home stands empty between two tenants, and with renovation or a sale it takes longer. Insurers usually limit cover during vacancy to fire, storm and explosion, and let it lapse beyond the stated period. Two quotations with the same premium can be far apart here.
Exclusions that appear in every quotation
Whatever you choose, these items remain outside cover: damage the tenant causes themselves and vandalism by occupants, deferred maintenance, wear, design and material faults, vacancy for longer than the term in the policy and damage caused by cannabis cultivation or other illegal use. Subsidence, vermin, mould and slowly acting damp also fall outside it, as do intent and recklessness under Article 7:952 of the Dutch Civil Code. A quotation that promises otherwise deserves closer inspection.
Frequently asked questions
This is what people ask us most.
Why is there no premium figure on this page?
Because the premium is calculated for each property. The insurer works from your rebuild value and adjusts it for construction type, roof covering, year of construction, postcode, type of letting, type of cover and excess. Quoting an amount without those details would mislead you. A calculation for your address takes a few minutes and does give a usable answer.
Where can I really save without stripping out the cover?
Choose an excess you can carry yourself, pay annually rather than monthly and bring several properties together on one policy. Also check for double cover, for example glass insured both on the buildings policy and through a VvE. Cutting back on the sum insured is not a saving but deferred risk.
Can I switch part-way through the year?
With most buildings insurance policies you can cancel on any day after the first year, with one month's notice. Check this in your conditions and make sure the new policy starts the moment the old one ends. A day without cover is a real risk with a let property. We arrange the cancellation and the handover when you switch.
What is a guarantee against underinsurance worth when letting?
A great deal. Without that guarantee, the insurer pays proportionally less than your loss if the sum insured is too low. With let homes the guarantee is by no means always given, because the value is more often assessed at a distance. Check whether it appears in the quotation and on what conditions, for example the use of the insurer's rebuild value calculator.
Does my claims history count towards the premium?
Yes. Insurers ask about claims in recent years and take them into account for acceptance and rating. For a portfolio of let homes, they look at the total number of claims per number of properties. Report your claims history honestly; insurers can check it with one another, and incorrect details again engage the duty of disclosure under Article 7:928 of the Dutch Civil Code.
Every situation is different. For these situations we have a separate page.
- Insuring a home that you letThe main page
- Buildings insurance (opstalverzekering) for let homesLet home, types of cover, loss of rent
- Choosing buildings insurance (opstalverzekering) for the home you letLetting clause, vacancy, loss of rent
- Insurance for your second home: what do you need to know?Second home, vacancy, letting
- Buildings insurance (opstalverzekering) for a let homeReporting the letting, tenant damage, loss of rent
- Insuring your property investmentRebuild value, use, liability
- Buildings insurance (opstalverzekering) when lettingReporting, commercial use, tenant risk
- Buildings insurance (opstalverzekering) for a rented homeThe landlord insures, tenant's interest, contents
- Comparing home contents insurance (inboedelverzekering): how to save without giving up coverSum insured, limits, excess
Read more
Set quotations side by side?
Request a quote without obligation. We compare premium and conditions for your let home.
Prefer to call? 072 - 509 24 56, weekdays 09:00–17:00.
Claim on the road? Emergency line 06 - 55 20 40 72.
About our service
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.
This page was compiled by Finass Verzekert (LinkedIn). Last updated on .
The information on this page is general in nature and is not personal advice.