What we do not do
- No credit or mortgage advice
- No building deposit or application
- No interest or borrowing capacity
Financing and insuring a renovation
Building work touches two things: the finance and your insurance. For the first we refer you on. The second we arrange, and things go wrong there more often than people think.
- 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
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
Finass Verzekert (AFM 12016589) advises and acts as an intermediary in non-life insurance. Financing building work, whether through an increase in the mortgage or through a loan, falls under a different licence category. We do nothing in that field and refer you on.
Please note: borrowing money costs money. Compare offers on the annual percentage rate (APR) and not on the monthly payment: that mainly tells you something about the term. Licence holders consult BKR (the Dutch credit register) for credit from 250 euros upwards with a term longer than one month. Parties who claim it can be done without that check usually do not hold the licence.
What we do: during building work your risk changes. A Construction all risks (CAR) insurance covers damage to the works themselves, and your buildings insurer wants to know about the work. Afterwards, the rebuild value.
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 during building work?
The division of roles in three cards, with below each task the person who carries it out.
What to look out for
What to arrange before the first brick comes out.
- The provider's licence
- Costs over the full term
- Notification to your insurer
What we do provide
The insurance during and after the work.
- Construction all risks (CAR) insurance for the works
- Buildings cover during construction
- Liability towards third parties
What is covered
| Situation | At Finass Verzekert | With the licensed provider |
|---|---|---|
| Advice on a home improvement loan or an increase in the mortgage | No | Yes |
| Managing a building deposit and claims for payment | No | Yes |
| BKR check and statutory credit information | No | Yes |
| Construction all risks (CAR) insurance for the structure | Yes | No |
| Reporting the work on the buildings policy | Yes | No |
| Adjusting the rebuild value after completion | Yes | Provided that |
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: check the provider in the public register
- APR above 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: useful if the work turns out cheaper than expected
- Reporting to the insurer: you pass on a change in the risk in advance
- Rebuild value after completion: the sum insured has to rise with it
This overview is general in nature and is not personal advice.
How it works
- You arrange the money elsewhereWith a party listed in the public AFM register.
- You report the work to usIts nature, its duration and whether you are living there during the work.
- We arrange the coverCAR insurance where needed, and a clause on the buildings policy.
- We adjust the sum insuredAfter completion we adjust the rebuild value.
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 during building work
Four points that determine whether damage during the works is at your expense.
The buildings policy covers the works only to a limited extent
An ordinary buildings insurance policy covers the existing building, not the works under construction, the building materials or the contractor's mistakes. And as long as the property is open, there is an increased risk of water and storm damage. So report the work to your insurer in advance.
Report the work, even if the contractor is insured
A change in the risk that you do not pass on engages your duty of disclosure. At inception 7:928 DCCapplies; if it later emerges that the risk was different, the insurer can reduce the payment under 7:930 DCC. A short notification in advance prevents that conversation.
Temporarily unoccupied is not the same as occupied
If you live elsewhere during the work, the policy may treat this as a vacancy. Cover is then often reduced to fire, storm and lightning, and it is precisely burglary and water damage that occur more often in an open property. Ask about a building works or vacancy clause.
After completion your sum insured is no longer right
An extension, a dormer window or a luxury kitchen increases the rebuild value. If the sum insured stays as it was, you are underinsured and a claim is settled proportionally. Have the sum reassessed after completion, if necessary with a valuation under 7:960 DCC.
Frequently asked questions
This is what people ask us most.
Can I finance my building work through Finass Verzekert?
No. We hold an AFM licence for general insurance and not for credit or mortgages. So we do not advise on a home improvement loan or an increase in the mortgage and do not act as an intermediary in them. We refer you on and do arrange the insurance around the work.
Do I need CAR insurance if the contractor has one?
Often you do. The contractor's policy covers his own work and liability, but not always your existing property, materials you buy yourself or work you carry out yourself. Ask for a copy of his policy and check who is named as an insured.
What is not covered during building work?
Design and construction faults, putting right poorly executed work, business interruption losses and fines for delay normally fall outside cover. Theft of materials without signs of forced entry is often excluded as well, as are intent and recklessness under Article 7:952 of the Dutch Civil Code.
When do I have to report a claim?
As soon as is reasonably possible, as Article 7:941 DCC requires. During building work that matters all the more, because work is often hidden behind new plaster or floors. Take photographs before building continues and only let the work go on after consulting the insurer.
Every situation is different. For these situations we have a separate page.
- Finance: we refer you onThe main page
- Property finance and your insuranceNo finance advice, insuring the security, referral
- A buy-to-let mortgage and your buildings insurance (opstalverzekering)No mortgage advice, let home, referral
- Insulation: financing and insurancePlease note: borrowing money costs money, APR, buildings insurance
- Property portfolio: financing and insuranceNo finance advice, portfolio, referral
- Financing property to letNo finance advice, let property, referral
- Property funds and insuranceNo investment advice, funds and entities, referral
- Commercial property: financing and insurancePlease note: borrowing money costs money, buildings, loss of rent
Read more
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Building work coming up?
Report it before the work starts; then we will arrange the cover you need during and after construction.
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.