Actual value
- Not capped per kilogram
- Regardless of who is liable
- Including freight and costs
Own goods in transit insurance
Tools, materials and stock in your own van are legally not part of the vehicle and therefore fall outside the own-damage cover of the motor policy.
- several insurers compared objectively
- 9.5 customer rating for a new policy
- AFM licence 12016589
- Personal 072 - 509 24 56, weekdays 9–17
This page in another language: Nederlands
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
- We arrange the switch, including cancellation
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
- Independent advice
- Several insurers
- Switching arranged
- Help with claims
In brief
Own goods in transit insurance covers the things you carry yourself for your own use or for delivery to your customer: hand tools, machinery, measuring equipment, materials and stock. The motor policy insures the vehicle itself. If the side door is forced, the motor insurer pays for the bodywork and the lock; the contents of the load space are on this policy or nowhere.
The heart of this page is the valuation. You insure an amount you state yourself, and that amount has to match what it costs to buy everything again. An inventory with makes, types and serial numbers is the starting point for that and, when you claim, your supporting evidence at the same time. Anyone who insures for too little faces underinsurance and a proportionately lower payment.
You can read more about the conditions on which the cover applies (overnight storage, security, emptying the van) on carrying your own goods: what you need to know. If you carry other people's goods for payment, this policy is not the right one. In that case look at goods in transit.
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We compare your goods-in-transit insurance across dozens of insurers, explain where the real differences lie, and arrange the switch from start to finish — without you having to chase it yourself.
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What does own goods in transit insurance cover?
The structure of the cover in three parts, with an overview per situation below.
Liability
What a carrier bears at most.
- CMR: 8.33 SDR per kilo
- AVC: € 3.40 per kilo
- Rarely the actual value
Type of cover
From limited to all risks.
- All external perils
- Limited perils
- Storage in transit
What is covered
| Situation | Carriers' liability | Goods in transit |
|---|---|---|
| Damage from an accident, up to the weight limit | Yes | Yes |
| Damage above the weight limit | No | Yes |
| Theft of the cargo | Sometimes | Yes |
| Damage with no identifiable fault | No | Yes |
| Storage during the journey | No | Sometimes |
| Inherent defect or inadequate packaging | No | No |
This overview is general in nature and is not personal advice. What is actually covered, including exclusions, limits and the excess, is set out in the policy conditions and the insurance card (verzekeringskaart) of the insurer; you receive both before you take out cover. Taking out cover without advice? Then read what execution only means for you.
What does your premium depend on?
- Sum insured per vehicle. The amount you declare per van is the main basis on which the premium is calculated.
- Nature of the goods carried. Hand tools are weighted differently from electronic measuring equipment or cordless tools, which are stolen more selectively.
- Number of vehicles. Several vans on one policy produce a different structure from a single van.
- Security of the vehicle. Additional locks, an alarm system or a tracking system count in the assessment of the theft risk.
- Where the vehicle is kept. Where the van stands at night largely determines the risk the insurer runs.
- Excess and type of cover. A higher excess or cover limited to named events lowers the premium at the cost of the scope.
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.
Why arrange it through Finass Verzekert?
We look at the terms as well as the premium, and stay your point of contact when there is a claim.
Independent
We are not tied to one insurer and compare on the basis of an objective analysis of several companies.
One fixed adviser
You call or email someone who knows your file. No menu options, no changing call centres.
Switching without hassle
We cancel your old policy and align the start date, so you are never a day without cover.
Help with claims
We report the claim and monitor how it is handled. In urgent cases you can reach us on the emergency line.
9.5New policy
9.8Claims handling
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.
Where things go wrong in practice
Four points that make the difference between a policy that pays out and one that does not.
The load space is not part of the vehicle
Comprehensive cover on the company van insures the van: bodywork, glass, engine and fixed fittings. Loose items in the load space are not a component of the vehicle and are not included, not even when they are secured in a racking system. If the van is broken into, the repair of the door runs through the motor policy and the stolen contents through this insurance. Two policies, two claims, two excesses.
Insure at replacement value, not at book value
The book value of your tools says nothing about what you have to pay to be able to work again tomorrow. So calculate with the purchase price of new, comparable equipment and include batteries, measuring instruments and consumables. Article 7:960 of the Dutch Civil Code provides that you never receive more than your actual loss, so insuring for too much achieves nothing; insuring for too little costs you part of the payment on every claim.
What falls outside the cover
Not covered as standard are money and securities, personal property of your own or of your employees, and goods that belong to third parties and are in your care. Wear and tear, rust, deterioration and inherent defect of the equipment fall outside it as well, as does damage caused by items lying loose in the load space and knocking against each other. Securing the load is your responsibility, not the insurer's.
Tell us if the character of your load changes
The statement you make when taking out the policy is the basis of the premium and of the cover; Article 7:928 of the Dutch Civil Code obliges you to make that statement fully and correctly. If you start carrying expensive measuring, welding or inspection equipment, or the stock you have with you increases as a matter of course, let us know. An increase in risk that only comes to light after a claim leads to argument about the amount of the payment.
Frequently asked questions
This is what people ask us most.
Are my tools covered on the motor insurance?
No. Own-damage or comprehensive cover insures the vehicle and the fixed fittings, not the loose items you carry in it. After a break-in the motor policy pays for the damaged lock and the door, while the stolen tools are only paid for if you have taken out own goods in transit insurance for them.
What is the difference from goods in transit insurance?
Own goods in transit insurance is about property that belongs to you and that you carry yourself. A goods in transit insurance is intended for cargo you carry for a client or that you have in transit as seller or buyer. The question of who owns the cargo determines which of the two you need.
Are tools covered if they disappear from the building site?
Not automatically. The cover attaches to the carriage and to the vehicle; as soon as you leave things outside the van on a job or in a site hut, that is a different risk. Some policies have an extension for this with requirements as to locking and supervision. Ask about it expressly if you regularly leave materials on site.
Are hired or borrowed machines included?
Only if they have been declared. As standard the policy covers property that belongs to you. A hired breaker or borrowed measuring equipment belongs to someone else and comes under the provision on third-party property. If you regularly hire in equipment, say so when taking out the policy so that the cover is adjusted accordingly.
Every situation is different. For these situations we have a separate page.
- Compare goods in transit insuranceThe main page
- Insuring the transport of your own goodsWhat is included, conditions, limits
- Carrying your own goods: what you need to knowOvernight storage, declaration, theft
- Goods in transit insuranceActual value, route, who insures
- Own goods in transit insurance for self-employed professionalsTools in the van, overnight storage, replacement value
- Transport insurance for electronicsHigh value, low weight, theft
- Transport insurance for courier servicesMany consignments, high value, speed
- Transport insurance for foodstuffsSpoilage, hygiene, rejection
Insurers we compare
A selection. Which insurers appear in your comparison depends on your situation and the cover you choose.
Read more
Within Compare goods in transit insurance
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Ready to compare?
Request a quote without obligation. We will look at which insurer best matches your activities and your risk.
Prefer to call? 072 - 509 24 56, weekdays 09:00–17:00.
Claim on the road? Emergency line 06 - 55 20 40 72.
About our service
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.
This page was compiled by Finass Verzekert. Last updated on .
The information on this page is general in nature and is not personal advice.