Same cover · differences in conditions ·. When to choose it
Fully comprehensive or all risks
Full own-damage cover and comprehensive cover are two names for the same form of cover. The difference between policies lies in the depreciation, the excess and the exclusions, not in the word on the policy schedule.
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
Every own-damage cover is built up of three layers. third-party liability is compulsory under Article 2 of the Dutch Motor Insurance Liability Act (WAM) and pays for damage you cause to other people with the vehicle. Third-party, fire and theft adds a list of events you do not cause yourself: fire, theft, broken glass, storm, collision with wild animals. Fully comprehensive or all risks adds to that the damage to your own vehicle caused by you, plus vandalism.
Because the cover is built up the same way at virtually every insurer, the distinction lies elsewhere: in the depreciation scheme. One policy pays the replacement value as new or the purchase price for the first few years, another depreciates to market value from the first month. In a total loss or theft that is the amount that matters, while the difference in premium between those policies can be small.
The choice between forms of cover is a calculation about the residual value of your vehicle and not about your driving style. As soon as the market value falls below the amount you could do without if you were uninsured, third-party, fire and theft or third-party liability alone is defensible. For vehicles used for business, such as a motorbike for business use, it also counts that standing still after a claim costs turnover immediately.
What does full own-damage or comprehensive cover include?
The structure of the cover in three parts, with an overview per situation below.
The basics
Liability
AVB for property damage and injury, BAV for professional errors.
Damage to third parties
Employers' liability
Care, custody and control as an extension
Your business
Assets and continuity
Business contents, goods and lost turnover during downtime.
Business contents at replacement value as new
Goods at cost price
Business interruption or additional costs
If you employ people
Staff
Sickness absence, accidents and the traffic risk.
Continued pay for 104 weeks
Group personal accident
WEGAS for traffic risks
What is covered
Situation
AVB
BAV
Cyber
Injury to a visitor or customer
Yes
No
No
Damage to a client's property
Sometimes
No
No
Financial loss caused by an advisory or calculation error
No
Yes
No
Downtime after a ransomware attack
No
No
Yes
Data breach involving personal data
No
Sometimes
Yes
Damage to property in your care
No
No
No
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 depreciation scale determines the payment
Compare policies on three points: how long the replacement value as new or purchase price arrangement applies, what happens after that, and whether depreciation is per month or per year. An arrangement that moves to market value after the first year gives a substantially different outcome in a total loss from one that runs for three years. Ask about this before you choose on premium, because changing it afterwards is usually only possible at renewal.
Your own fault is covered, intent and recklessness are not
Comprehensive cover pays for the damage you cause yourself: a pillar in a car park, a misjudgement while parking. The limit lies in Article 7:952 of the Dutch Civil Code, which excludes damage caused by intent or recklessness. That also covers driving under the influence, driving without a valid licence and taking part in speed or handling events. Those situations moreover affect both the own-damage cover and the insurer's right of recovery for damage to third parties.
Wear and defects fall outside every own-damage cover
Own-damage insurance covers sudden and unforeseen damage from outside. A worn clutch, an engine burnt out through deferred maintenance, rust or paint damage through ageing are not included, not even under the widest comprehensive policy. The same goes for damage caused by misfuelling and for consequential damage to the drivetrain after driving on with a warning light showing. That is a matter of warranty or maintenance, not insurance.
An own-damage claim can cost you no-claims years
With third-party, fire and theft, the no-claims discount generally stays intact, because these are events you do not cause. With a comprehensive claim for damage you cause yourself, you do step back on the bonus-malus scale, and that step back works through for years. So with small claims, work out what the step back and the excess cost together before you report the claim. Do report the event within the period in Article 7:941 DCC.
What does your premium depend on?
Value and type of vehicle. List price, weight and the repair cost of the bodywork and assistance systems used.
Type of cover chosen. Third-party liability, third-party liability plus third-party fire and theft, or full own-damage cover. The difference lies mainly in the own-damage layer.
No-claims years. Your position on the bonus-malus scale and whether earlier claims have been bought off.
Excess. A higher excess on the own-damage section keeps the premium down, even where the third-party liability cover stays the same.
Use and mileage. Private, commuting or business use and the number of kilometres a year.
Security and storage. Alarm class, immobiliser and whether the vehicle is kept indoors or in the street.
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. Insurers use both names for the same form of cover: liability, the events from third-party, fire and theft, and on top of that damage to your own vehicle caused by you. Because the name says nothing, you have to compare on the depreciation arrangement, the excess, the treatment of no-claims years and the exclusions. Two policies both called comprehensive can differ considerably on those points.
When should I switch from comprehensive cover to third-party, fire and theft?
At the moment the market value of the vehicle has fallen to an amount you could bear yourself. Take the excess into account as well: that always comes off an own-damage claim. If finance or a lease obligation is still running, the lender may require full own-damage cover, even where the residual value is low.
Does comprehensive cover pay for wear or an engine failure?
No. Every own-damage cover requires a sudden event from outside. Wear, rust, material and construction faults, deferred maintenance and consequential damage after driving on with a warning light are excluded. Misfuelling is also excluded under many policies or covered only through a separate module. For mechanical failures, a warranty or breakdown product is the route to take, not own-damage insurance.
Does every comprehensive claim cost me no-claims years?
Damage falling under third-party, fire and theft, such as broken glass, fire or theft, generally leaves the no-claims years untouched. Damage you cause yourself does affect them: you step back on the bonus-malus scale and that works through into the premium for years. With small claims it pays to set the step back and the excess together against the repair costs before you submit the claim.
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.
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