Environmental damage insurance vve
Protect your apartment complex from environmental damage. Leaking cooling systems, old oil tanks, asbestos after fire – remediation costs can be enormous. Your home insurance does NOT cover this!
🌿 Premium indication 2025
Environmental damage insurance vve
A environmental damage insurance for homeowners' associations covers the financial consequences of environmental damage to your apartment complex. When pollutants are released, insurance will reimburse the remediation costs, research costs and any consequential damage.
Your apartment complex also has environmental risks: cooling systems with coolant, old oil tanks, asbestos in roofs/walls, and solar panels that release harmful substances in the event of fire.
Building insurance This does NOT cover!
The standard building insurance and fire insurance for homeowners' associations do NOT cover environmental damage! During a fire, asbestos particles can be released and end up in the soil via fire extinguishing water.
The remediation costs will then be borne by the VvE. You can take out environmental damage insurance if: supplement to the mandatory building insurance.
Environmental Risks in an Apartment Complex
These situations can lead to significant remediation costs for your homeowners' association.
Leaking Cooling System
Central air conditioning or cooling systems contain coolant that can contaminate soil and groundwater if leaked.
Old Oil Tank
Underground fuel oil or diesel tanks from the past can rust through and leak. Often unknown to the board!
Asbestos after fire/storm
Asbestos in roofs, facades or stairwells that is released during fire or storm. It ends up in the soil via fire extinguishing water.
Contaminated fire extinguishing water
In the event of a fire, fire extinguishing water can carry harmful substances to the ground. The VvE is responsible for remediation!
Solar Panels After Fire
Solar panels contain heavy metals and other substances that are released during fire and contaminate the soil.
Fire at Neighbors
A fire at a neighboring property can cause contaminated fire extinguishing water and soot particles to end up on your property. You pay for remediation!
What is Reimbursed?
Extensive coverage for environmental damage and all associated costs.
Remediation costs
All costs for remediation of soil, soil and water
Research costs
Costs to determine contamination
Reconstruction costs
Demolition and rebuilding if necessary for remediation
Repair Pipes
Repair underground pipes, cables, conduits
Repair Paving
Restore paving and plants after remediation
legal aid
Legal costs and defense in case of liability
Damage from Outside
Contamination that enters your property from outside
consequential damage
Damage to property due to contamination
💰 Remediation costs can be enormous
Without environmental damage insurance, the VvE pays for this itself!
Leaking Oil Tank
Soil + groundwater remediation
Asbestos removal
After fire or storm damage
Cooling system leakage
Coolant in bottom
Contaminated fire extinguishing water
After a big fire
Specific to HOAs
The environmental damage insurance for homeowners' associations is specially tailored to the risks of apartment complexes. Central installations, common areas and older building materials pose specific environmental risks.
The insurance does not only cover damage to your car Private property, but also damage that from outside (e.g. fire at neighbors) and damage surrounding areas caused by your complex.
Practical examples
Situations in which the VvE environmental damage insurance offers a solution.
❄️ Leaking Cooling System Apartment Complex
An apartment's central air conditioning unit is leaking coolant. The groundwater becomes contaminated. The VvE environmental damage insurance covers research and remediation.
☢️ Asbestos Released after Storm
Storm damages the roof of a 1970s apartment building. Asbestos-containing roof panels break off and contaminate the site. Extensive remediation required.
🛢️ Discovery of Old Oil Tank
A forgotten underground oil tank is discovered during work. The tank has been leaking for years - extensive soil remediation is necessary.
🔥 Fire in Neighboring Building
Major fire at neighboring business premises. Contaminated fire extinguishing water and soot particles end up on the VvE site. The insurance covers your remediation!
Covered and Not Covered
Know what the homeowners' association environmental damage insurance does and does not cover.
✓ Well covered
- ✓ Soil and water remediation costs
- ✓ Asbestos removal after fire/storm
- ✓ Pollution research costs
- ✓ Leakage cooling system/air conditioning
- ✓ Leaking (old) oil tanks
- ✓ Contaminated fire extinguishing water after fire
- ✓ Residual parts of solar panels after fire
- ✓ Repair pipes, cables, paving
- ✓ Pollution from outside (neighbors)
- ✓ Legal aid and legal costs
✗ Not Covered
- ✗ Flooding of primary flood defenses
- ✗ Earthquake (also due to gas extraction)
- ✗ In violation of environmental care/permit
- ✗ Intention, recklessness, fraud
- ✗ Air pollution
- ✗ Personal injury/injury
- ✗ Known contamination at shutdown
- ✗ Damage in commercial areas*
- ✗ Overdue maintenance
- ✗ Criminal activities
* Business premises on the ground floor: entrepreneur takes out his own insurance
Why Choose Us?
HOA Specialist
Extensive experience with environmental damage insurance specifically for homeowners' associations.
MSV Expertise
Specialist in environmental damage insurance and remediation risks.
Up to €1,000,000
High insured amount for major remediation costs.
Cooling system Included
Central air conditioning and cooling systems are also insured.
Asbestos Covered
Asbestos damage after fire or storm up to €100,000.
HOA package
Combine with buildings, liability and more.
100% Independent
We compare 30+ insurers for the best premium.
50+ Years of Expertise
More than 50 years of experience in homeowners' association insurance.
Frequently Asked Questions
Protect your homeowners' association against environmental damage
Compare the best homeowners' association environmental damage insurance policies now. Up to €1,000,000 insured!
