Garage box insurance: Do you need building insurance?

A garage box can be a worthwhile investment, whether you use it as parking space, storage space or rented object. But what if your garage fire damage, has storm damage, or there burglary occurs?

A building insurance for your garage box can protect you against these risks. But is such an insurance obliged? What exactly will be covered? And how do you choose the best insurance? In this blog you will discover everything you need to know about insuring your garage.

1. Is Building Insurance for your Garage Box Mandatory?

The obligation of building insurance for a garage depends on you ownership situation:

✔ Garage box on private land – Building insurance not legally required, but highly recommended to cover damage.
✔ Garage box with mortgage – Many banks require building insurance if you have financed the garage.
✔ Garage box in an Owners' Association (VvE) – The homeowners' association may have a collective building insurance policy, which also insures your garage.
✔ Rented garage box – If you rent out a garage, a building insurance for rental strongly recommended.

💡 Are you unsure whether your garage box is already insured? Check your home insurance or inquire with your homeowners' association.

2. What does Building Insurance cover for a Garage Box?

A home insurance covers the garage itself, but not the things in it. The exact coverage varies per insurer, but the following risks are usually covered:

✅ What is Covered?

🔹 Fire damage – Coverage for fire, smoke and extinguishing damage.
🔹 Storm and weather damage – In case of damage due to storm, lightning and hail.
🔹 Water damage – Leakage due to rain or burst pipes.
🔹 Burglary and vandalism – Damage to the garage itself due to a burglary attempt.
🔹 Collision damage – If someone accidentally crashes into your garage.

📌 NB: Building insurance reimburses not the contents of the garage. Items such as cars, motorcycles or tools must be insured separately through a home contents insurance or vehicle insurance .

❌ What is Not Covered?

⛔ Stolen items from the garage – This is covered by home contents insurance.
⛔ Own damage due to poor maintenance – For example, cracks in the walls due to overdue maintenance.
⛔ Damage due to illegal activities – For example, fire due to storage of hazardous substances.

💡 Do you want to know which coverage best suits your situation? Request a quote from Finass Insures .

3. What if your Garage Box is Covered by your Home Insurance?

In some cases it is a separate garage included in your home insurance for your home. This usually applies if the garage box is located on the same plot when your house is located.

Check the policy conditions for:

✔ Or outbuildings (such as a garage) are included.
✔ Or one maximum distance applies between your home and garage.
✔ Or there restrictions apply to rented garages .

📌 NB: Is the garage box at another location then your home? Then one separate building insurance required .

4. How do you choose the best garage box insurance?

Not all insurance policies provide the same coverage. Please note the following points:

✔ 1. Check whether your garage is covered by your home policy

Some home insurance policies cover separate garages if they are on the same plot as your home. Is your garage located somewhere else? Then one separate insurance necessary.

✔ 2. Choose the right coverage for storm and fire damage

Garage boxes are at extra risk of storm and fire damage, especially if they... detached are. Make sure your insurance fully covers this damage.

✔ 3. Consider extra coverage for burglary and vandalism

Garage boxes are often targets for burglars. Choose insurance that does too burglary damage to the garage itself covers.

✔ 4. Check the new value or rebuild value coverage

In the event of damage, your garage will be reimbursed on the basis of: rebuilding value. Make sure this value is realistic and not underestimated.

💡 Tip: Insurers sometimes offer one premium discount if your garage is equipped with good security, such as a certified lock or alarm system.

5. How much does Building Insurance cost for a Garage Box?

The premium for home insurance for a garage depends on various factors:

📌 The value of the garage box – The more expensive the garage, the higher the premium.
📌 The location – Burglary-prone areas often have higher premiums.
📌 Coverage level – Additional coverage for burglary and vandalism can increase the premium.
📌 Own risk – A higher deductible lowers the premium.

💰 Indication of costs:
🔹 Separate garage box – From €5 to €15 per month .
🔹 Garage box as part of home insurance – Often included, without extra premium.
🔹 Garage box in a homeowners' association – Usually covered by the homeowners' association building insurance.

💡 Do you want to know what insurance for your garage costs? Request a no-obligation quote from Finass Insures .

6. Frequently Asked Questions about Garagebox Insurance

💬 Is a garage box compulsorily insured through my home?
Only if the garage on the same plot stands as your home. Otherwise, separate insurance is required.

💬 Does home insurance also cover the items in my garage?
No, the building insurance covers it just the building itself. Do you want to insure tools, a motorcycle or other items? Then you have one Contents insurance necessary.

💬 What if my garage is empty?
Some insurers limit coverage for long-term vacancy. This may affect the compensation in the event of damage.

💬 Can I insure my garage box with my homeowners' association?
If your garage is part of a homeowners' association, it may be covered by the joint building insurance. Ask the homeowners' association manager about this.

💬 Is damage due to storm or fire always covered?
Yes, but some insurers charge an increased amount Own risk for storm and fire damage.

7. How do you take out Building Insurance for your Garage Box?

Do you want to be sure that your garage box is properly insured? Follow these steps:

1️⃣ Check whether your garage is already insured with your home or homeowners' association building insurance.
2️⃣ Compare coverage and premiums from various insurers.
3️⃣ Choose an insurance policy with the right coverage for fire, storm and burglary damage.
4️⃣ Request a quote from Finass Insures for a tailor-made policy.
5️⃣ Take out insurance and enjoy optimal protection!

💡 Do you want to optimally protect your garage box? Request a quote without obligation Finass Insures and discover the best insurance for your situation! 🚀