What we do not do
- No credit or mortgage advice
- No application or intermediary services
- No rates or borrowing capacity
Property finance and your insurance
We hold a licence for general insurance, not for credit. What we explain here is the insurance side of your finance: which policy the lender requires and what goes wrong in it.
- 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
- 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
Finass Verzekert (AFM 12016589) advises and acts as an intermediary in non-life insurance. Property finance falls under a different licence category. We do not advise on it, do not act as an intermediary and make no offers. We refer you to a party that does hold that licence.
Please note: borrowing money costs money. Compare offers on the annual percentage rate (APR), not on the monthly payment: a lower monthly payment often just means a longer term. For consumer and mortgage credit, every licence holder consults BKR (the Dutch credit register) from 250 euros upwards with a term longer than one month. For business finance those rules do not always apply. In that case ask about the total costs yourself.
Almost every lender requires as a condition that the security is insured on rebuild value, with the lender noted on the policy as an interested party. That is our field: buildings insurance for commercial property, glass, loss of rent and liability.
Insurance never stands alone
A mortgage, loan or investment often touches your insurance too. We look at the bigger picture and point you to the right specialist whenever something falls outside insurance itself.
FinancialPhoto coming soon
OverviewPhoto coming soon
AdvicePhoto coming soon
Who does what: we or the lender?
First the division of roles in three cards, then who carries out each task.
What to look out for
What to check before you sign a finance proposal.
- A licence in the AFM register
- Total costs over the term
- The insurance requirements in the offer
What we do provide
The general insurance policies on and around the financed property.
- Buildings insurance at rebuild value
- Glass and loss of rent
- Liability and environmental damage
What is covered
| Situation | At Finass Verzekert | With the licensed provider |
|---|---|---|
| Advice on the form of finance, the term and the security | No | Yes |
| Valuation of the market value for the finance | No | Yes |
| Statutory credit information and APR | No | Yes |
| Buildings insurance at rebuild value | Yes | No |
| Recording the lender as an interested party | Yes | Provided that |
| Liability as the owner of the building | Yes | No |
What is actually covered is set out in the policy conditions and the insurance card (verzekeringskaart) you receive before you take out the policy.
What to look out for when comparing
- AFM licence: is the provider listed in the public register
- APR rather than the monthly payment: only that percentage makes quotes comparable
- Total cost of credit: the amount over the full term, not per month
- Penalty-free repayment: how much you may repay without a charge
- Insurance requirements: which policy, which value and which endorsement
- Duty to notify: report use, vacancy and building work in good time
This overview is general in nature and is not personal advice.
How it works
- You look for a licensed partyCheck that first in the AFM's public register.
- You read the insurance requirementsThey are in the offer, usually among the conditions precedent.
- We arrange the policyThe building on rebuild value, with the right endorsements.
- We keep it up to dateIf the use or the value changes, we adjust the 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 the insurance side gets stuck
Four points on which a finance file is delayed.
Rebuild value and market value diverge
The finance hangs on the market value, the insurance on what rebuilding costs. For older or unusual property the rebuild value is often higher than the sale proceeds. Have both established separately. A valuation under 7:960 DCC prevents a reduction for underinsurance.
The actual use determines acceptance
A building with catering, storage of hazardous substances or a solar roof is assessed differently from an office. If the declaration is not correct, the insurer can rely on 7:928 DCC and the payout under 7:930 DCC reduce or refuse the payout.
Liability is not part of buildings cover
As the owner you are, under 6:174 DCC liable for defects in the building, even without any blame. Think of facade cladding coming loose or a slippery entrance. That is a separate policy, and many lenders ask about it expressly for let property.
Soil contamination falls outside the premises policy
Damage to soil and groundwater is excluded as standard on a premises insurance policy, as are earthquake, flooding from primary flood defences and deferred maintenance. For the environmental risk you need a separate environmental damage policy; where there are tanks or workshops, a lender may require one.
Frequently asked questions
This is what people ask us most.
Can I arrange my property finance through Finass Verzekert?
No. Our AFM licence covers general insurance. For the finance we refer you to a party that holds a licence for it. We do remain your point of contact for the building, the glass, the loss of rent and the liability around the property.
Why does the bank want to be named on my policy?
Because the building is its security. With an endorsement as interested party, the lender knows that a payment after a fire will be spent on repair or repayment and will not end up elsewhere. It is a simple notification, but it must be in place before the deed is executed.
What is not covered on a premises insurance policy?
Wear and tear and deferred maintenance, construction and design faults, soil contamination, earthquake and flooding from primary flood defences fall outside cover as standard. Intent and recklessness are excluded as well; that follows from Article 7:952 of the Dutch Civil Code. Gradual penetrating damp is also almost never paid for.
Do I have to report a vacancy?
Yes. As soon as a building stands empty for longer than the policy allows, cover is usually reduced to fire, storm and lightning. So report it actively and ask about vacancy cover. You must also report a claim as soon as is reasonably possible, as Article 7:941 DCC requires.
Every situation is different. For these situations we have a separate page.
- Finance: we refer you onThe main page
- Financing property to letNo finance advice, let property, referral
- Information about property financeNo finance advice, information, referral
- Financing let propertyNo financing advice, existing tenancies, referral
- A buy-to-let mortgage and your buildings insurance (opstalverzekering)No mortgage advice, let home, referral
- Property portfolio: financing and insuranceNo finance advice, portfolio, referral
- Financing and insuring a renovationNo finance advice, building work, referral
Would you like to discuss the security?
For the finance we will refer you on. For insuring the building you can come to us.
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 (LinkedIn). Last updated on .
The information on this page is general in nature and is not personal advice.