Home contents insurance (inboedelverzekering)
- Combined maximum for jewellery and watches
- Sub-limits for art and collections
- Named causes only
- No cover away from the home
Jewellery limit · valuation · safe clause
Insuring luxury possessions
Luxury possessions fall under a maximum amount on home contents insurance and usually only within the home. Below you can read how to insure them in full and where the cover stops.
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Deze pagina in het Nederlands: Luxe bezit verzekeren.
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 situation
- We arrange the switch, including cancellation
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
In brief
Home contents insurance (inboedelverzekering) is designed for an average household. That is why the conditions contain a payment limit for jewellery and watches, with separate sub-limits for art, collections and equipment. Above those amounts you receive nothing extra. Cover also applies in principle only inside the home and only for named causes such as fire, storm and burglary with signs of forced entry.
Anyone with luxury possessions insures them on a valuables insurance. Items are named on it, each with its own sum insured derived from a a valuation report or a recent purchase invoice. The cover is normally all risks and applies inside the home, outside it and abroad: not only theft and fire, but also dropping, knocking and breakage through your own clumsiness.
That wider cover comes with conditions. Insurers set requirements on safekeeping and security: an anchored safe, an alarm system, or a prohibition on leaving valuables in a car. Those clauses decide whether a claim is paid. Read them before you take out the policy, therefore, together with the exclusions; see also where the home contents policy stops.
From home contents to valuables
The difference lies in the limit, in where the damage occurs and in the value recorded.
Valuables insurance
Items appear on the policy with their own sum insured and valuation.
- Normally all risks, including dropping and breakage
- Cover outside the home and while travelling
- Sum insured per item
- Keep the list up to date when you buy something
Clauses and evidence
Safekeeping, security and documentation determine how the claim is settled.
- Safe clause outside the time worn
- Requirements for alarms and locks
- Keep invoices, certificates and photographs
- Reporting the theft to the police
What is covered
| Situation | Home contents | Valuables |
|---|---|---|
| Theft from the home after a break-in | Provided that | Yes |
| Theft or robbery away from home | No | Yes |
| Damage or theft during a trip abroad | No | Yes |
| Dropping, knocking or breakage through your own actions | No | Yes |
| Disappearance with no identifiable cause | No | Provided that |
| Wear, scratches and damage during repair | No | No |
Which limits, clauses and excess apply to you is set out in the policy conditions and the insurance card (verzekeringskaart) that you receive before you take out cover.
Four points that determine the cover
Where a claim comes unstuck is almost always the limit, the value or the clauses.
The limit applies per event
On a home contents policy, jewellery and watches count together under a single maximum. If a single burglary takes the whole jewellery box, you receive that amount once, whatever was actually in it. Separate sub-limits apply to art, collections and equipment. Add up what you have in the house and compare that with your conditions. Only items named on a valuables insurance policy fall outside those limits.
A valuation fixes what you get back
Above a certain value, insurers ask for a valuation report from a a recognised valuer or a certified jeweller. A valuation that meets Article 7:960 of the Dutch Civil Code binds the parties for an agreed period: within that period the insurer cannot argue that the item was worth less. Once the report expires, the market value is established when you claim. With gold, gemstones and sought-after watches the market value also moves quickly, so that an old report no longer reflects reality either.
What even comprehensive cover does not pay for
Usually excluded are wear, scratches and discolouration through normal use, damage that arises during repair, cleaning or treatment to a third party, and the the diminution in value that after a successful repair remains. Also inherent defect and material faults fall outside it. That is a guarantee matter. Under some policies, disappearance without an identifiable cause excluded, and theft from a motor vehicle is almost always excluded or covered only where there are signs of forced entry to a locked boot. Intent and recklessness are excluded under Article 7:952 of the Dutch Civil Code.
Clauses and notifications determine the rest
The policy sets out concrete requirements: storage in an anchored safe when not being worn, a working alarm system, or restrictions during long absences. If you do not meet a clause, cover lapses for that event. If your situation changes, for example through a move, building work or a second home where items are kept, the duty of disclosure under Article 7:928 of the Dutch Civil Code; a breach can reduce the payout or cause it to lapse (Article 7:930 of the Dutch Civil Code). You report a claim as soon as reasonably possible (Article 7:941 of the Dutch Civil Code).
What does your premium depend on?
- Total valued amount: the main basis for calculation
- Type of objects: jewellery, watches or design pieces
- Area of cover: the Netherlands, Europe or worldwide
- Security of the home: a safe, an alarm, locks
- Use and storage: wearing, displaying or storing
- Excess and claims history: previous claims count
Insurers weigh these details differently. That is where your saving is.
How we arrange it
- You request a quoteWe take stock of your situation, risk and 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.
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.
When does home contents insurance fall short?
As soon as your jewellery and watches together exceed the limit in the conditions, or as soon as you wear them outside the home. Home contents cover works within the home and for named causes such as fire and burglary. Dropping, breakage and loss are not insured under it. A single expensive item usually exceeds the limit on its own.
Does every item have to be listed separately?
Not necessarily. Key pieces are listed by name with their own sum insured and valuation. Smaller pieces can go together in a collective item, with a maximum per individual object. That form is simpler to manage, but with an expensive piece you run into that sub-limit. Have it assessed item by item which form fits.
Does the cover also apply abroad?
On a valuables insurance policy usually yes, within the agreed territorial scope. Note restrictions during long stays outside the Netherlands, the exclusion for theft from a car and the requirement to carry valuables in hand luggage. In the event of theft, always report it to the local police and keep the report for your claim.
What happens if an item goes missing?
Disappearance without an identifiable cause is covered by some policies and excluded by others. Some insurers require a demonstrable event, such as forced entry or robbery. This is one of the most important differences between providers, and with small, portable items it is a common cause of loss. Check this before you sign.
What proof of ownership do I need?
Purchase invoices, certificates, valuation reports and photographs of each item with serial numbers and distinguishing features. Keep that file somewhere other than with the items themselves, for example digitally or with your adviser. After a fire or theft this is often the only proof of ownership and value; without that file, settling the claim becomes a long argument.
Read more
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Are your luxury possessions properly covered?
Request a quotation without obligation. We check the valuations, the clauses and the area of cover.
Prefer to call? 072 - 509 24 56, weekdays 09:00–17:00.
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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.
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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.