What we do not do
- No financing advice
- No brokerage or application
- No assessment of your rental income
Financing let property
If you buy a property with tenants in it, you take on more than bricks and mortar. We arrange the insurance that goes with it. For the financing we refer you on.
- 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 · Deutsch
- We compare the offerings of several insurers
- An adviser checks whether the cover suits your activities
- 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
Finass Verzekert (AFM 12016589) advises and acts as an intermediary in non-life insurance. Financing let property falls under a different licence category. We do not advise on it and do not act as an intermediary for it. For that you go to a firm listed in the public AFM register.
Please note: borrowing money costs money. With consumer credit and mortgage credit, what makes the difference is the annual percentage rate (APR) offers are comparable. The monthly cost is not. Licence holders consult the BKR (the Dutch credit register) from 250 euros upwards and for terms longer than a month. Those rules do not always apply to business finance. In that case ask for the total cost yourself.
On a sale the tenancy follows the property: existing tenancy agreements continue. For insurance that means the type of letting and the use must be stated on the policy, and that loss of rent is often just as important as the buildings cover itself. See buildings insurance for a let property.
Insurance never stands alone
A mortgage, loan or investment often touches your insurance too. We look at the bigger picture and point you to the right specialist whenever something falls outside insurance itself.
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OverviewPhoto coming soon
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Who does what with let property?
The division of roles in three cards, with below each task the person who carries it out.
What to look out for
What to check with a property that has sitting tenants.
- The provider's licence
- Costs over the full term
- What the tenancy agreements say
What we do provide
The insurance around the let property.
- Buildings cover with the correct type of letting
- Loss of rent and glass
- Liability as owner
What is covered
| Situation | At Finass Verzekert | With the licensed provider |
|---|---|---|
| Advice on the form of finance and the term | No | Yes |
| Assessment of rental income and tenancy agreements | No | Yes |
| Statutory credit information and APR | No | Yes |
| Buildings policy with the actual type of letting | Yes | No |
| Loss of rent after a covered claim | Yes | No |
| Recording the lender as an interested party | Yes | Provided that |
What is actually covered is set out in the policy conditions and the insurance card (verzekeringskaart) you receive before you take out the policy.
What to look out for when comparing
- AFM licence: check the provider in the public register
- APR above the monthly payment: only that percentage makes quotes comparable
- Total cost of credit: the amount over the full term
- Penalty-free repayment: relevant if you sell the property earlier
- Type of letting and use: determines whether and how an insurer accepts the risk
- Start date of the cover: it coincides with the transfer, not later
This overview is general in nature and is not personal advice.
How it works
- You arrange the finance elsewhereWith a party listed in the public AFM register.
- You take stock of the letting situationWhich contracts are running and what actually goes on in the property.
- We put the policy in placeStarting on the date of transfer, with the correct type of letting.
- We keep it up to dateYou tell us about a change of tenant, a vacancy or a different use.
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.
Where things go wrong when you take over tenants
Four points that arise as soon as you take over a let property.
The previous owner's policy does not simply transfer
On a transfer of ownership the insurance usually ends or continues for only a short period. Arrange your own policy with effect from the date of transfer. If there is no cover at that moment, a fire on day one is entirely at your expense.
The actual use often differs from the contract
An office on paper, storage or room letting. That difference determines whether cover is accepted. If you declare it incorrectly, that affects 7:928 DCC and the insurer may, under 7:930 DCC reduce or refuse. Walk through the property and report what you find.
Loss of rent is the item that affects the financing
If the property stands idle for months after a fire, the rent stops while interest and repayments continue. Loss of rent cover absorbs that, but always for a limited period and only after an insured loss. Non-payment or a tenant moving out is never covered.
Liability towards tenants and visitors
If someone trips over a loose paving slab or a stair rail gives way, you are liable as the owner under 6:174 DCC, even without fault. That is not included in the buildings cover; landlords arrange separate liability insurance for it.
Frequently asked questions
This is what people ask us most.
Does Finass Verzekert act as an intermediary for financing let property?
No. Our AFM licence covers general insurance. We do not advise on forms of financing, do not assess rental income and do not submit applications. We refer you to a licensed firm and arrange the buildings, loss of rent and liability cover around the property.
Do I take over the seller's insurance?
Usually not. Most policies end on a transfer of ownership or continue for only a limited period afterwards. Make sure your own cover starts on the date of transfer. Also ask for a copy of the old policy. It shows which clauses applied to this property.
What falls outside loss of rent cover?
Loss of rent cover pays only for rent lost after an insured loss to the building, for a period stated in the policy. Non-payment, a tenant's insolvency, a vacancy between two tenants and a lower market rent are not covered. There is no general insurance for that.
What happens if a tenant moves out?
The property then stands empty, and you have to report that. If the vacancy lasts longer than the policy allows, cover is usually restricted to fire, storm and lightning; burglary and water damage then fall away. Ask about a vacancy clause before the keys come back.
Every situation is different. For these situations we have a separate page.
- Finance: we refer you onThe main page
- Financing property to letNo finance advice, let property, referral
- Property finance and your insuranceNo finance advice, insuring the security, referral
- Property portfolio: financing and insuranceNo finance advice, portfolio, referral
- A buy-to-let mortgage and your buildings insurance (opstalverzekering)No mortgage advice, let home, referral
- Information about property financeNo finance advice, information, referral
Read more
Taking over a property with tenants?
Make sure the cover starts on the day of transfer. We will put that in place for you.
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.