Buildings compulsory · contents · term life
Which insurance do you need when you buy a home?
With a home you own, one insurance is almost always compulsory and there are three you should seriously consider.
Deze pagina in het Nederlands: Welke verzekeringen heeft u nodig bij een koophuis?.
Calculate your premium or request a quote
Without obligation; a reply within one working day.
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 your own premium with the calculator.
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.
What the lender requires
A buildings insurance at rebuild value, with the lender named on the policy as an interested party. Without that policy the transfer usually does not go ahead.
With a mortgage under the national mortgage guarantee or a high loan-to-value ratio, term life insurance can also be required.
What you arrange yourself
A home contents insurance for your belongings. Count on replacement value: what it costs to buy everything again, not what you paid at the time.
A liability insurance. As the owner you are liable under Article 6:174 of the Dutch Civil Code for defects in your home, even without fault.
What you can consider
A mortgage payment protection insurance that covers the mortgage payments if you become unable to work or unemployed. Particularly with a single income or as a self-employed professional.
A legal expenses insurance with the housing module, for disputes with a contractor or the neighbours.
On completion
Make sure the buildings insurance starts on the date of transfer, not later. From that moment you bear the risk; one day without cover is precisely the day something can go wrong.
Frequently asked questions
The questions we are asked most often about this.
Which insurance is compulsory with a home you own?
Buildings insurance (opstalverzekering) is almost always required by the lender.
Do I need home contents insurance (inboedelverzekering)?
Not compulsory, but sensible; count on replacement value.
Why liability insurance?
As the owner you are liable for defects in your home, even without fault.
When does the cover have to start?
On the date of transfer; from that moment you bear the risk.
What is mortgage payment protection insurance?
Cover that meets your mortgage payments if you become unable to work or unemployed.
Does the bank require term life insurance?
Sometimes, depending on the ratio between the loan and the value of the property.
What is covered and what is not
Which home policy pays for this?
| Situation | Buildings insurance (opstalverzekering) | Home contents insurance (inboedelverzekering) |
|---|---|---|
| A storm lifts tiles off your roof | Yes | No |
| The fitted kitchen you took over on purchase burns out | Yes | No |
| Burglars force the back door and take your laptop | Yes | Yes |
| Your foundations settle after a dry summer | No | No |
| Your wedding ring is worth more than the sub-limit for jewellery | No | Provided that |
| A remover drops your television on the day of completion | No | Provided that |
Above the sub-limit for jewellery and equipment, only separate valuables insurance helps.