Building insurance vve
The most important and legally required insurance for your homeowners' association. Protect the entire apartment complex against fire, storm, water damage and more. Including guarantee against underinsurance!
🏢 Premium indication 2025
Building insurance vve
The building insurance VvE (also called building insurance) is the most important insurance for your homeowners association. This insurance covers damage to it entire apartment complex: the common areas and the individual apartments.
Think about damage fire, storm, water damage, burglary and vandalism. The costs for repair or reconstruction will be reimbursed up to the reconstruction value. The board takes out the insurance, the costs are distributed among all owners via the homeowners' association contribution.
Home insurance is Legally required for every homeowners' association. This is recorded in it model regulations in the deed of division (since 1973). Also the liability insurance is mandatory.
The board is responsible for closing. The membership meeting approves. Without insurance, owners can in case of damage jointly liable be asked!
What is Standard Insured?
The basic coverage of a homeowners' association building insurance policy.
Fire & Fire Extinguishing
Damage caused by fire, smoke, soot and fire extinguishing water is fully covered
Storm & Hail
Damage at wind speed from 14 m/s, hail damage
Water damage
Leakage, precipitation that suddenly penetrates
Lightning & Surge
Lightning strike, induction and overvoltage
Explosion
Explosion and implosion, gas explosion
Burglary & Theft
Burglary damage and theft of building parts
Vandalism
Intentional destruction after unwanted intrusion
Collision
Damage due to collision with vehicles
The Reconstruction value Determine
The Reconstruction value is the amount needed to rebuild the building to its original state after total damage. This is what it says regardless of the market value or sales value – the land value does not count!
A professional appraisal (every 5-6 years) is necessary to determine the correct reconstruction value. If you are underinsured you will receive less, if you are overinsured you will pay too much premium.
What Is Insured?
All parts of the apartment complex that are covered.
🏢 Common Sharing
- ✓ Roof and roofing
- ✓ Facades and exterior walls
- ✓ Foundations
- ✓ Stairwell and gallery
- ✓ Entrance and hall
- ✓ Elevator and elevator shaft
- ✓ Parking garage
- ✓ Storage rooms and cellars
🏠 Individual Apartments
- ✓ Interior walls and floors
- ✓ Ceilings and window frames
- ✓ Standard kitchen
- ✓ Standard bathroom
- ✓ Standard toilet
- ✓ Central heating installation
- ✓ Pipes and cables
- ✓ Meter cupboard
⚡ Installations & Facilities
- ✓ Central heating
- ✓ Heat pumps
- ✓ Solar panels
- ✓ Charging stations
- ✓ Air conditioning
- ✓ Intercom system
- ✓ Security system
- ✓ Antennas and dishes
🌳 Other Parts
- ✓ Fences and fencing
- ✓ Paving area
- ✓ Garden walls
- ✓ Playground equipment
- ✓ Bicycle shed
- ✓ Waste containers (fixed)
- ✓ Flagpole
- ✓ Outdoor lighting
Optional Extensions
Expand your home insurance with these additional coverages.
Glass cover
All windows, wind screens, balcony partitions
POPULAROwner's interest
Improvements: kitchen, bathroom, floors
RECOMMENDEDenvironmental damage
Remediation in case of leaking cooling system or tank
OPTIONALLoss of rental income due to uninhabitability
LANDLORDERSReplacement Living Space
Costs of alternative housing after damage
OPTIONALlegal aid
Legal assistance in conflicts
OPTIONALDirectors' liability
Protection of private assets of management
RECOMMENDEDOwn Defect
Damage due to construction errors
OPTIONAL💎 Co-insurance of owner's interests
Improvements to your apartment are not covered as standard – insure them separately!
🏠 What is Owner's Interest?
- • Improvements since delivery
- • Luxury kitchen or bathroom
- • Solid floors (parquet, laminate)
- • Plastered walls and ceilings
- • Sliding doors to balcony
- • Extra sockets/lighting
📋 How to insure?
- 1. Via homeowners' association building insurance (collective)
- 2. Through your own home contents insurance
- • Often 10% of the rebuilding value as standard
- • Or unlimited (Central Management, FBTO)
- • Or max €150,000 (Nationale-Nederlanden)
- • Check your coverage!
Practical examples
Situations in which homeowners' association building insurance offers a solution.
🔥 Fire in Apartment
A short circuit causes a fire in an apartment. The damage spreads to surrounding homes and the communal corridor. The building insurance reimburses all repair costs.
🌪️ Storm damage to roof
During a heavy storm, roof tiles blow off the roof and leakage occurs in several apartments. The insurance covers roof damage and consequential damage.
💧 Leakage central heating system
A leak in the collective central heating system causes water damage in the stairwell and several storage rooms. The building insurance covers both repairs and consequential damage.
🔓 Parking garage burglary
Burglars force the entrance door to the parking garage and damage several storage doors. The building insurance covers all burglary damage to the building.
Covered and Not Covered
Know what the homeowners' association building insurance does and does not reimburse.
✓ Well covered
- ✓ Fire damage and fire extinguishing water
- ✓ Storm and hail damage
- ✓ Water damage due to leakage
- ✓ Lightning strike and overvoltage
- ✓ Explosion and implosion
- ✓ Burglary damage to building
- ✓ Vandalism after entry
- ✓ Collision damage
- ✓ Falling aircraft/objects
- ✓ Rescue costs (preventing damage)
✗ Not Covered
- ✗ Flooding of primary flood defenses
- ✗ Earthquake (also due to gas extraction)
- ✗ Damage due to overdue maintenance
- ✗ Intention, recklessness, fraud
- ✗ Wear and aging
- ✗ Mold and fungus
- ✗ Groundwater (often excluded)
- ✗ Graffiti on the outside
- ✗ Contents (separate insurance)
- ✗ Illegal hemp farm (unless ignorant)
Why Choose Us?
HOA Specialist
Extensive experience with building insurance for homeowners' associations of all sizes.
Underinsurance guarantee
We provide policies with a guarantee against underinsurance.
Owner's Interest Advice
We advise on the best coverage for home improvements.
Valuation Service
We arrange a professional reconstruction value assessment.
HOA package
Combine with liability, glass and directors' liability.
24/7 Damage reporting
Available day and night for damage reports.
100% Independent
We compare 30+ insurers for the best premium and coverage.
50+ Years of Expertise
More than 50 years of experience in homeowners' association insurance.
Frequently Asked Questions
Protect Your Apartment Complex
Compare the best homeowners' association building insurance policies now. Legally required, optimal coverage!
