What we do not do
- No financing advice
- No brokerage or application
- No valuation for the bank
No finance advice · portfolio · referral
Property portfolio: financing and Insurance
A portfolio is often financed as a whole but insured property by property. We arrange that second side. For the finance we refer you to a licensed party.
- several Insurers compared objectively
- 9.5 customer rating for a New policy
- AFM license 12016589
- Personal 072 - 509 24 56, weekdays 9–17
This page in another language: Nederlands · Deutsch
The calculator and the quote form below are in Dutch. Prefer to do this in English? E-mail 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 advisor 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.
In brief
Finass Verzekert (AFM 12016589) advises and acts as an intermediary in non-life Insurance. Financing a property portfolio falls under a different licence category. We do not advise on it and do not act as an intermediary, but refer you on.
Please note: borrowing money costs money. With consumer credit and mortgage credit, what makes the difference is the annual percentage rate (APR) makes offerings comparable. The monthly payment does not. License holders consult BKR (the Dutch credit register) from 250 euros upwards with a term longer than one month. For business portfolio finance those rules do not always apply. In that case ask for the total costs over the term yourself.
On the Insurance side it comes down to three things: whether the sums insured per property are right, whether the use of each building has been declared correctly, and whether the lenders are properly endorsed. See also property insurance.
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.
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Who does what with a portfolio?
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 portfolio finance.
- The provider's licence
- Costs over the full term
- Terms on the sale of a property
What we do provide
The Insurance structure across all the properties.
- Master policy with a schedule of properties
- Valuation, glass and loss of rent
- Liability as owner
What is covered
| Situation | At Finass Verzekert | With the licensed provider |
|---|---|---|
| Advice on portfolio finance and security | No | Yes |
| Valuing the portfolio for the bank | No | Yes |
| Statutory credit information and APR | No | Yes |
| Setting up a master policy with a schedule of properties | Yes | No |
| Arranging a valuation of the rebuild value | Yes | Provided that |
| Glass, loss of rent and liability | Yes | No |
What is actually covered is set out for each property in the policy conditions and the Insurance card (verzekeringskaart).
Where a portfolio policy goes wrong
Four points that only become visible at the first large loss.
Sums insured go out of date faster than you think
Building costs rise; sums insured do not follow of their own accord. Without index-linking or a periodic valuation, some of your properties become underinsured, with a proportional reduction when you claim. A valuation under 7:960 DCC fixes the value for an agreed period.
A vacancy between tenants restricts Cover
If a property stands empty for longer than the policy allows, usually only cover for fire, Storm and lightning remains. Vandalism, water damage and burglary then drop out. Report a vacancy for each property and ask about a vacancy arrangement.
The use of each building determines acceptance
Catering, storage of hazardous substances, letting rooms or solar roofs are assessed differently from an office. If the declaration differs from reality, that engages 7:928 DCC and the insurer may reduce the payment under 7:930 DCC reduce or refuse the payout.
Glass and liability are separate from the buildings Cover
Breakage of glass in shop fronts and facades is separate Cover, and liability as possessor of a defective structure follows from 6:174 DCC. Neither is included as standard in a premises policy. For let properties a lender often asks about them expressly.
What to look out for when comparing
- The provider's license: check the party in the AFM's public register
- APR above the monthly payment: only that percentage makes quotes comparable
- Total costs over the term: including arrangement, valuation and management costs
- Terms on a sale: what happens if you take a property out of the portfolio
- Insurance requirements: which value and which endorsement the lender requires
- How up to date the schedule of properties is: buildings that have not been declared are not insured
This overview is general in nature and is not Personal advice.
How it works
- You arrange the finance elsewhereWith a party listed in the public AFM register.
- You gather the requirementsThe offer states, for each property, which policy is required.
- We build the policy structureA master policy or separate policies, with an up-to-date schedule of properties.
- We keep it up to dateWe process alterations, vacancies and changes of use.
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.
Frequently asked questions
This is what people ask us most.
Does Finass arrange the finance for my portfolio?
No. We hold an AFM license for general insurance, not for credit. We do not advise on forms of finance and do not submit applications. For the finance we refer you on. We do arrange the insurance of the properties and the liability.
What is the advantage of a master policy?
A master policy gives you one schedule of properties, one common renewal date and usually an arrangement for alterations on purchase and sale. That saves administration. The drawback is that different lenders find their endorsement less easy to identify; record it for each property on the policy schedule.
Is market value or rebuild value assured?
Rebuild value. The finance depends on the market value, but an insurer pays what it costs to rebuild the property. For older buildings and listed properties the rebuild value is regularly higher than the sale proceeds. So have both established separately.
What is not covered?
Deferred maintenance, wear and tear, construction and design faults, soil contamination, earthquake and flooding from primary flood defenses fall outside cover. Intent and recklessness are excluded under Article 7:952 of the Dutch Civil Code. You must report a claim as soon as is reasonably possible, as Article 7:941 DCC requires.
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Bring your portfolio into line?
We put the Insurance around your properties in order. For the finance we refer you on.
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 written and checked by an adviser at Finass Verzekert. Last updated on .
The information on this page is general in nature and is not Personal advice.