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 for yourself what it would cost.
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 activities
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
In brief
Construction insurance, known in the market as CAR insurance, covers damage to the works themselves during construction: a storm that wrecks the formwork, a collapsed trench, a fire in a shell, theft of material already built in. It is property insurance on the object, not liability insurance on your conduct.
The policy is built up in sections. Alongside the works themselves there are normally sections for liability on the site, for existing property belonging to the client on or at which you are working, for plant and site huts, and for the maintenance period after completion. Which sections are included determines the cover more than the name of the insurer does.
With refurbishments the section for existing property is the most sensitive: damage to the client's existing house does not automatically fall under the cover for the new works. With Nationale-Nederlanden we agree who is the policyholder and who has to be named as an insured on the policy.
Through Finass or direct with Nationale-Nederlanden?
The structure of the cover in three parts, with an overview per situation below.
Basic cover
The basic cover insures the core of your construction insurance. We show what Nationale-Nederlanden and other insurers offer within it.
Injury to persons
Property damage to third parties
Employees included
Retroactive cover (prior risk)
Extended cover
On top of that to damage to third parties, employers' and product liability and damage during work at the client's premises.
Employers' liability at the client's premises
Product liability
Agency workers, interns & volunteers
Care, custody and control (property in your care)
Complete package
The most complete cover. We compare Nationale-Nederlanden's extended version with the market.
Environmental impairment (unforeseen, limited)
Retroactive cover (prior risk)
Higher sums insured
What we do
What we do
At Finass
Direct with Nationale
Comparison across several insurers
Yes
No
Advice based on your own situation
Yes
Sometimes
One point of contact for claims
Yes
Sometimes
Cancellation with your current insurer arranged
Yes
No
We determine whether Nationale is the best choice
Yes
No
Advice fees for you as a customer
No
No
This overview concerns our service, not the cover. What is actually covered is set out in the policy conditions and on the insurer's insurance card (verzekeringskaart); you receive both before you take out cover.
Where things go wrong in practice
Four points that make the difference between a policy that pays out and one that does not.
The works themselves, whoever is at fault
The works section pays for physical damage to the works under construction, even where nobody is at fault. That is the difference from liability: there does not have to be anyone liable. Storm, frost, collapse, vandalism and fire fall under it, up to completion. The sum insured has to follow the full contract sum including extra work; if the project grows, the declaration grows with it.
Existing property in a refurbishment
If you are working on or in an existing building, that building is not part of the works. If the existing facade cracks because of your excavation, that is covered only where the section for existing property is included with an adequate amount. For the client this is the most important part of the whole policy and at the same time the part most often forgotten when applying.
The maintenance period after handover
After completion a maintenance period runs during which you put defects right. If you damage something during that repair work, it can still fall under the policy, provided the maintenance cover is included and the period has been declared. Without that section the cover ends at the handover of the keys. Liability on the site also stops then. What comes after that is a matter for your liability insurance.
What the construction insurance does not pay for
Putting right work that was carried out defectively is at your own cost. The consequential damage from it can be covered, your own performance cannot. Design faults are covered only where a separate clause has been included. Beyond that, loss from delay, contractual penalties, normal wear of plant and theft of tools left unattended remain outside the cover.
Retroactive cover (prior risk)
Retroactive cover (prior risk) Included for your staff during work.
Defence & legal costs
What does your premium depend on?
Contract sum for the work. The contract value including extra work is the basis; underestimating it leads to underinsurance on the works section.
Nature of the work. New building on an empty plot carries a different risk from a refurbishment within an existing building.
Term and construction period. A single-project policy runs for that project. A continuous contract policy covers all works within a year.
Existing property section. With refurbishments, the amount insured for the client's building is the decisive choice.
Ancillary plant and site huts. Cranes, scaffolding, site huts and tools are not part of the works and call for their own section.
Maintenance period. The length of the maintenance period insured after completion counts towards the premium.
Insurers weigh these details differently. That is where your saving is.
How we arrange it
You request a quoteWe take stock of your situation, your risk and your wishes.
We compareseveral insurers, on premium as well as conditions.
You receive a proposalWith an explanation of the differences and the exclusions.
We arrange the switchIncluding cancellation, so there is no gap in cover.
Customers rate our service on four aspects: personal service, service delivery, availability and the outcome. The reviews are collected and published by NH1816 and come from customers who have actually taken out a policy with Finass Advies B.V. or reported a claim.
Who takes out the construction insurance: the client or the builder?
Both occur. With private refurbishments the builder usually takes it out, with larger projects often the client. Who the policyholder is matters less than who is named as an insured on the policy: subcontractors, consultants and the client have to be named expressly, otherwise they can still be held liable by each other.
Is theft of building materials covered?
Material already built into the works is normally covered. For material still lying loose on the site, and for tools, stricter conditions apply: often only where there is forced entry to properly locked storage or a site hut. Items left unattended in an open excavation generally fall outside. Record the storage arrangements in advance.
What is the difference with my liability insurance?
Liability insurance pays only where you are liable for someone else's loss. Construction insurance pays for damage to the works themselves, even where nobody is at fault, for example after a storm or a collapse. On a project the two run alongside each other: one covers the object, the other covers your relationship with third parties.
My work has been completed and a defect appears. What now?
Putting right your own defective performance does not fall under the policy. That remains a business risk. If that defect causes damage to other property or to the surroundings, your liability insurance comes into play. If a maintenance period is included, damage arising during the repair work can still fall under the construction insurance.
Finass Verzekert is a trading name of Finass Advies B.V. We advise on and arrange non-life insurance on the basis of an objective analysis of several insurers, and receive commission for this from the insurer, which is included in the premium. You pay no separate advice fee. Before you take out cover, we establish your wishes and needs.
You will find our licence, KvK and Kifid details and our complaints procedure at the foot of every page.
