Storage insurance for your garage box: is it mandatory and what does it cover?

A garage box is a valuable possession, whether you use it for your car, motorcycle, tools or storage of other precious items. But what if your garage rises fire damage , storm damage occurs or burglary takes place ?

a home insurance for a garage box against unforeseen damage and financial risks. But is it mandatory? What exactly does it cover? And how do you choose the right insurance? In this blog we answer all these questions and help you make the best choice.

1. Is a home insurance for a garage box mandatory?

A building insurance for a garage box is in some cases mandatory and in other cases voluntary , depending on the ownership situation:

✔ With a garage box owned - a home insurance is not required by law , but highly recommended to cover damage.
✔ Garage box with mortgage - banks often demand that you take out home insurance if you have financed the garage box.
✔ Garagebox As part of a VvE - The Owners' Association (VVE) can have a joint home insurance that covers the garage box.
✔ Garage box as a separate unit (for example on a business park) - in this case a separate home insurance is needed , because a VvE is usually missing.

💡 Do you doubt whether your garage is already insured? Check the policy of your home insurance policy or inquire at the VvE.

2. What does a home insurance cover for a garage box?

A home insurance covers damage to the garage box itself, but not the items in it. The exact coverage differs per insurer, but usually the following risks are covered:

✅ What is covered?

🔹 fire damage- coverage in the event of fire, smoke and extinguishing damage.
🔹 Storm and weather damage- In the event of damage caused by storm, lightning and hail.
🔹 Water damage - leakage due to rain or jumped pipes.
🔹 Burglary and vandalism - Damage to the garage itself due to a burglary attempt.
🔹 Collision damage - if someone accidentally hit your garage.

📌 Please note: a home insurance does not reimburse the content of the garage . Stuff such as cars, motorbikes or tools must be insured separately via a household insurance or vehicle insurance .

❌ What is not covered?

⛔ Stolen items from the garage - this falls under a household insurance.
⛔ Own damage due to poor maintenance - for example cracks in the walls due to overdue maintenance.
⛔ Damage due to illegal activities - for example, a 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. How do you choose the best building insurance for a garage box?

Not every home insurance offers the same coverage for a garage box. Here are a few important points of attention:

✔ 1. Check whether your garage falls under your home policy

Some home insurance policies cover individual garages if they are on the same plot as your home. Is your garage somewhere else? Then a separate insurance required.

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

Garage boxes run an additional risk of storm and fire damage, especially if they detached . Make sure your insurance covers this damage in full.

✔ 3. Think of extra coverage for burglary and vandalism

Garage boxes are often targets for burglars. Choose an insurance policy that also covers burglary damage to the garage itself

✔ 4. Check the new value or rebuilding value coverage

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

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

4. What does a building insurance cost for a garage box?

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

📌 The value of the garage box - the more expensive the garage, the higher the premium.
📌 The location - burglar -sensitive areas often have higher premiums.
📌 Discount level - Extra coverage for burglary and vandalism can increase the premium.
📌 Own risk - a higher deductible lowers the premium.

💰 Indication of the costs:
🔹 Loose garage box - from € 5 to € 15 per month .
🔹 Garagebox as part of home insurance - often included, without extra premium.
🔹 Garage box in a VvE -usually covered by the VVE-Opstal insurance.

💡 Do you want to know what an insurance policy costs for your garage box? Request a free quote from Finass insures .

5. Frequently asked questions about building insurance for garage boxes

💬 Is my garage box insured through my home insurance?
Sometimes, but only if the garage is on the same plot as your home. Check this in your policy conditions.

💬 Does a home insurance also cover the items in my garage box?
No, the home insurance only covers the building itself . Do you want to insure tools, a motorcycle or other items? Then you need a household insurance .

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

💬 Can I insure my garage box with my VVE?
If your garage is part of a VvE, it can fall under the joint home insurance. Request this from the VvE manager.

💬 Is damage caused by storm or fire always covered?
Yes, but some insurers use an increased deductible for storm and fire damage.

6. How do you take out home insurance for your garage box?

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

1️⃣ Check whether your garage is already co-insured with your home or VVE-Opstal insurance.
2️⃣ Compare coverings and premiums from different insurers.
3️⃣ Select an insurance policy with the correct coverage for fire, storm and burglary damage.
4️⃣ Request a quote from Finass insure for a customized policy.
5️⃣ Take out the insurance and enjoy optimum protection!

Conclusion: is a home insurance for a garage box mandatory and what does it cover?

A building insurance for a garage box is not required by law , but often necessary to limit financial risks in the event of damage. Fire damage, storm damage and burglary damage can entail high costs.

💡 Do you want to optimally protect your garage box? Request a quote from Finass insures and discover the best insurance for your situation! 🚀

Liability insurance for business premises and homes: How do you choose the best coverage?

Whether you rent out a home, own a business premises or manage several real estate objects , you always run the risk of liability claims. What if a tenant stumbles over a separate tile in your building ? Or if a roof tile of your building causes damage to a parked car ?

insurance for business premises and homes protects you against damage claims from third parties and prevents you from having a person or business for unexpected costs. In this blog you discover why this insurance is essential, what it covers and how you choose the right coverage .

1. Why is liability insurance needed for property owners?

As the owner of a home or business premises you are responsible for the state of the building and the safety of tenants, visitors and local residents. A small defect can have major financial consequences if someone is injured or property is damaged.

Common liability risks

✔ Personal injury - A tenant or visitor slides on a wet staircase and breaks one leg.
✔ Damage to third parties - a facing brick comes loose and damages an adjacent building.
✔ Fire damage to neighbors - A fire caused by defective wiring is spreading to other buildings.
✔ Damage due to overdue maintenance - a leak in your building causes water damage at an under neighbor.
✔ Architectural defects - a poorly maintained balcony collapses and causes injury.

📌 Without insurance, these damage claims can cost thousands to even hundreds of thousands of euros.

💡 Do you want to cover these risks? Then view the options for a real estate liability insurance .

2. What does liability insurance cover for real estate?

insurance for business premises and homes offers coverage for financial claims as a result of damage to third parties.

What is Reimbursed?

✅ Damage to third parties - for example if a passer -by is injured by falling debris of your building.
✅ Personal injury - If a tenant or visitor is injured by a dangerous situation in your building.
✅ Damage due to architectural defects - for example if a leak in your building causes damage to another building.
✅ Fire damage - If a fire in your building extends to adjacent buildings.
✅ Legal costs - coverage for legal assistance in the event of liability claims.

📌 Note: Damage that a tenant himself causes to your building does not under your liability insurance. This home insurance or landlord insurance .

3. For whom is liability insurance required for real estate?

Liability insurance is crucial for:

🏠 Private landlords - do you rent a home or apartment? Then you are liable for damage to third parties.
🏢 Business property owners - Office buildings, shops and business premises bring extra liability risks.
🏨 Investors and real estate investors - the more real estate you possess, the greater the risk of claims.
🏬 Owners' associations (VVEs) - A VvE can be held liable for damage caused by common parts of a building, such as stairwells and lifts.

Do you want to know if your real estate entails extra risks? Request advice without obligation from Finass insures .

4. How do you choose the best coverage for your real estate?

Not all liability insurance offers the same coverage. Pay attention to the following points when choosing the right insurance:

✔ 1. Premium and insured coverage

The costs of a liability insurance vary depending on:
📌 The type of real estate - home, office, store or warehouse.
📌 The number of buildings - the more real estate, the higher the premium.
📌 Coverage limit - Choose a sufficiently high coverage (at least € 1 million).

✔ 2. Cover for tenant liability

Some insurers offer extra coverage if a tenant suffers damage due to overdue maintenance or defects in the building.

✔ 3. Cover for vacancy or construction projects

Empty buildings or real estate in renovation entail additional risks. Choose insurance that also offers coverage with vacancy.

💡 Do you want a customized policy? Request a quote from Finass insures .

5. Frequently asked questions about liability at Vastgoed

💬 Is liability insurance required for landlords?
No, but many mortgage lenders do demand it. In addition, it is strongly recommended to cover financial risks.

💬 Does the insurance cover damage to my own building?
No, a liability insurance only covers damage to third parties . You need a home insurance policy .

💬 What if a tenant causes damage?
Damage by tenants falls under their own household or liability insurance, not under your liability insurance.

💬 How much does liability insurance cost for landlords?
The premium often starts from € 100 per year , depending on the type of building and the coverage.

6. How do you take out liability insurance for real estate?

Do you want to avoid financial risks? Follow these steps:

1️⃣ Determine your risks - look at the type of real estate and its use.
2️⃣ Compare coverings - choose an insurance policy that matches your situation.
3️⃣ Request a quote from Finass insure - our experts help you with a customized policy.
4️⃣ Take out the insurance and protect your real estate against financial claims!

Conclusion: Why liability insurance is indispensable for property owners

As a property owner you run legal and financial risks . A liability insurance protects you against high damage claims and ensures that your real estate is not at risk due to unforeseen costs.

💡 Do you want to optimally protect your real estate? Request a quote from Finass and make sure you are fully covered! 🚀

VVE and Liability: Which insurance policies do you need for common real estate?

An association of owners (VVE) is responsible for the management and maintenance of common parts of a building, such as stairwells, lifts, facades and roofs. But what if there is damage to third parties due to a poorly maintained balcony ? Or if a loose roof tile falls on a passer -by ?

In such situations, the VvE can be held liable , with possibly high damage claims as a result. That is why it is crucial that a VvE takes out the correct insurance policies to protect both the building and the financial interests of the members.

In this blog we discuss which liability risks a VvE is running , which insurance policies are mandatory and what you should pay attention to when choosing the correct coverage .

1. Why is liability a risk for a VvE?

A VvE is responsible for the maintenance and management of the common parts of a building. damage caused to third parties due to overdue maintenance or a lack of the building , the VvE can be held legally liable.

Common liability risks for a VvE

✔ Personal injury due to poor maintenance - think of a loose tile in the stairwell, causing a visitor to stumble.
✔ Damage to vehicles or property of third parties - for example, a façade plate that comes loose and damages a parked car.
✔ Storm or fire damage to neighboring buildings- when a roof tile of the building ends up on an adjacent building and causes damage.
✔ Water nuisance due to leaks - for example if a jumped lead in a joint space causes damage to apartments.
✔ Damage due to work - for example if maintenance on the roof is carried out incorrectly and water is seeping downwards.

Do you want to cover these risks? Then a liability insurance for VVEs essential.

2. Which insurance policies does a VvE need?

A VvE needs several insurance policies to limit risks. Some are mandatory , while others are strongly recommended.

✔ 1. Storage insurance (mandatory)

A home insurance for VVEs covers damage to the common parts of the building, such as:

🏢 facades and roof constructions
🚪 staircases, lifts and common halls
💡 electrical installations and pipes

Why is this mandatory?
According to the law, a VvE is obliged to take out home insurance to cover damage to the building.

📌 TIP: Check whether the insurance also covers damage due to natural disasters, storm or fire damage.

✔ 2. Liability insurance VVE (required in the event of legal liability)

A liability insurance for VvEs protects the association against claims from third parties in the event of damage by the building.

✅ Covers damage to persons or property of third parties
✅ prevents the members from being personally held liable
✅ mandatory if a VvE personnel employs (such as a caretaker)

📌 Example: If a visitor falls over a poorly maintained staircase and submit a claim, this insurance prevents the costs on the VvE members to recover.

✔ 3. Director's liability insurance (recommended)

VVE drivers make important decisions about maintenance and finances. If a director makes a mistake , he can be held personally liable for financial damage.

✅ Protects directors against claims from members or third parties
✅ Covers damage due to incorrect financial policy or mismanagement
✅ Prevents private liability for board members

📌 Example: If a VvE administration incorrectly manages a renovation assignment and this leads to financial damage, members can hold the board liable.

✔ 4. Legal assistance insurance VVE (recommended)

Sometimes legal conflicts arise within the VvE, for example at:

⚖️ Conflicts with contractors or maintenance companies
⚖️ Views between members about service costs
⚖️ Disputes with a tenant or real estate manager

Legal assistance insurance covers the legal costs and prevents the VvE itself from having to engage expensive lawyers.

📌 Example: A VvE has a legal dispute with a contractor about poorly executed roof renovations. Legal assistance insurance helps with the legal procedure.

✔ 5. Glass insurance (optional, but recommended)

In the event of damage to windows in common parts, a glass insurance offer a solution.

✅ Covers damage to windows and doors in common areas
✅ Handy for buildings with large glass parts or joint entrances

📌 TIP: Check whether the home insurance already contains a breast cover before you take out this insurance.

3. What does a VvE Liability Insurance cost?

The premium of a liability insurance for a VvE depends on:

📌 The size of the building - the more units, the higher the premium.
📌 The number of residents and visitors - the more intensive use, the greater the risk.
📌 The insured value - the higher the insured amount, the higher the premium.
📌 coverage options - Extra coverage for glass, legal aid or directors' liability increases the costs.

💰 Indication of costs:
🔹 VvE Liability Insurance - from € 100 per year
🔹 VvE home insurance - from € 750 per year
🔹 Driver's liability - from € 200 per year

💡 Do you want to know what the best insurance is for your VvE? Ask for a customized quote from Finass insures .

4. Frequently asked questions about VvE Insurance

💬 Is liability insurance required for a VvE?
Yes, if a VvE personnel employs or manages common areas, this insurance is mandatory.

💬 What happens if a VvE has no home insurance?
Then the individual apartment owners pay for the costs in the event of damage to the building.

💬 Are tenants of apartments automatically insured?
No, tenants must household effects and liability insurance for their own property.

💬 Does VVE insurance also cover damage due to overdue maintenance?
Not always. Some insurers refuse benefit if it appears that the damage could have been prevented due to good maintenance.

💬 Can a VVE take out collective glass insurance?
Yes, that is possible and often cheaper than individual insurance policies.

5. How do you take out liability insurance for a VvE?

Do you want to optimally protect your VvE? Follow these steps:

1️⃣ Analyze the risks - which common parts fall under the VvE?
2️⃣ Compare Insurance - Choose insurance with the correct coverage.
3️⃣ Request a quote from Finass insure - our specialists help you with a customized policy.
4️⃣ Take out the insurance and protect the VvE against financial risks!

💡 Prevent liability claims and financial surprises! Request a free quote today. 🚀

Liability risks in the event of real estate: how does insurance protect you?

Investing in real estate can be a smart move, whether you rent a house, have a commercial building or manage several real estate objects. But real estate property also entails liability risks What if a tenant slides through a smooth staircase in your building ? Or if storm damage to your building also caused damage to an adjacent building ?

As the owner you can be held legally liable for damage to third parties, which can lead to high financial claims . insurance for real estate protects you against these risks and prevents one damage claim from jeopardizing your investment.

In this blog you discover which liability risks you run as a property owner and how insurance protects you against unforeseen costs .

1. What liability risks does a property owner run?

As the owner of real estate you can be held liable in various ways. These are the most common risks:

✔ Personal injury to tenants or visitors

A poorly maintained staircase, smooth floors or loose tiles can cause falls and personal injury . As an owner you can be held responsible if it appears that insufficient maintenance or negligence was the cause.

✔ Damage to Neuurschap

Suppose a fire breaks out in your building and spreads to an adjacent home or store. If it turns out that the fire is caused by overdue maintenance or defective electricity , you can be held liable for consequential damage .

✔ Danger of collapse or building defects

Poor maintenance or a construction error can lead to a danger of collapse , causing damage to others or their property. Think of a facade that comes loose or a roof that blows through storms.

✔ Mold, moisture problems or poor ventilation

If a tenant has health problems due to fungus or moisture in your building, you can be held legally responsible and receive damage claims.

✔ Damage to common areas (at VVEs)

For apartments and business compensation buildings, the Owners Association (VVE) is responsible for the management of stairwells, lifts and facades . In the event of damage to third parties, the VvE can be held liable.

💡 Do you want to cover these risks? Then view the options for a real estate liability insurance .

2. How does liability insurance protect you?

A liability insurance for real estate protects you against financial claims arising from damage to third parties. This can relate to tenants, visitors, neighbors or other parties who are damaged by your real estate.

What does liability insurance cover?

✅ Damage to third parties - for example if a loose roof tile causes damage to a parked car.
✅ Personal injury - coverage in the event of injury due to architectural defects, such as a smooth staircase or poorly maintained balcony.
✅ Damage due to architectural defects - think of leaks, cracks or collapses.
✅ Fire damage to neighboring buildings - if the fire is caused by overdue maintenance or technical defects.
✅ Legal costs - reimbursement for legal assistance in the event of liability claims.

📌 Note: Damage that a tenant himself causes to your building does not under your liability insurance. This tenant insurance or additional coverage.

3. For whom is liability insurance for real estate needed?

Liability insurance is essential for:

🏠 Private landlords - do you have a home that you rent out? Then you run the risk of claims from tenants and third parties.
🏢 Real estate investors - whether you have one building or more objects, the greater your portfolio, the greater the risk.
🏨 Owners of commercial real estate - stores, offices and business premises bring more visitors and therefore more liability risks.
🏬 Owners' associations (VVEs) - A VvE is responsible for damage that comes from common areas such as stairwells and lifts.

Do you want to know if your real estate entails extra risks? Request a no -obligation advice from Finass insures .

4. When is liability insurance for real estate mandatory?

Although a liability insurance not required by law , there are situations in which it is necessary:

✔ Mortgage lenders - Banks often demand that real estate investors take out liability insurance as a condition for a loan.
✔ Owners' Association (VvE) - For apartments, liability insurance is often mandatory for the VvE.
✔ Business rental - Insurance is often required for commercial real estate.

📌 Tip: Always check whether your insurance matches the requirements of your bank or VVE!

5. What does liability insurance for real estate cost?

The costs of a liability insurance depend on:

📌 The type of real estate - home, shop, office or industrial building.
📌 The number of buildings - the more real estate, the higher the premium.
📌 The insured value - the amount of the cover you choose.
📌 coverage options - Only basic coverage or extensive protection?

💡 Good to know: premiums often start from € 100 per year , but can rise depending on the risks. Ask for a customized quote from Finass insures .

6. Frequently asked questions about liability risks in the event of real estate

💬 Is liability insurance required for private rental?
No, but many mortgage lenders do demand it. In addition, it is strongly recommended to cover financial risks.

💬 What happens if a tenant claims damage?
If the damage is due to negligence to the building, you as the lessor can be held liable. In that case, liability insurance covers these costs.

💬 A liability insurance also applies to vacancy?
With long -term vacancy, the coverage can expire . It is therefore important to discuss this with your insurer.

💬 What if a fire in my building extends to other buildings?
If it turns out that overdue maintenance or a architectural defect was the cause, you can be held liable for the damage. A liability insurance prevents you from turning for these costs.

7. How do you take out liability insurance for real estate?

Do you want to avoid financial risks? Follow these steps:

1️⃣ Determine your risks - analyze your property and possible liability risks.
2️⃣ Compare Insurance - Choose a cover that matches your situation.
3️⃣ Request a quote from Finass insure - our specialists help you with a customized policy.
4️⃣ Take out the insurance and protect your real estate!

Conclusion: Why liability insurance is indispensable for property owners

As a property owner you run legal and financial risks . A liability insurance protects you against high damage claims and ensures that your real estate is not at risk due to unforeseen costs.

💡 Do you want to optimally protect your real estate? Request a quote from Finass and make sure you are fully covered! 🚀