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
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
In brief
A villa is hard to capture in a rebuild value tool. Such a tool works with an average price per cubic metre for a house with standard brickwork, standard window frames and a standard installation. With a villa the value lies precisely in what departs from that: natural stone, exposed plasterwork, made-to-measure window frames, built-in building services and home automation. Rebuilding means having those elements made again, and that is exactly the cost the model does not see.
For this type of property you therefore work with a an agreed value valuation by an expert under Article 7:960 of the Dutch Civil Code. The value established is then fixed between you and the insurer and the proportionality rule for underinsurance no longer applies, as long as the report is valid. Without a valuation you depend on the guarantee against underinsurance, and that lapses as soon as it turns out that you completed the tool incompletely or incorrectly.
What a valuation does not solve is the rest of the plot: the swimming pool, pool house, landscaping, fencing and paving fall under their own sub-limits or outside the cover altogether. If your main concern is the form of construction and the plot, read buildings insurance for a detached house. If the property has protected status, different rules on repairs apply; see buildings insurance for a listed building.
The structure of the cover in three parts, with an overview per situation below.
Most chosen
Extended cover
The named perils: fire, storm, water, burglary and collision.
Fire, smoke and lightning strike
Storm from force 7 upwards
Water damage and leakage
Burglary damage
Widest form of cover
Comprehensive
All sudden and unforeseen damage from outside, unless excluded.
Unnamed causes included
A small mishap while doing DIY
Less discussion when you claim
The essentials
Basis of value
Rebuild value with a guarantee against underinsurance, or a valuation.
Rebuild value calculator
Valuation under 7:960 DCC
Guarantee on your policy schedule
What is covered
Situation
Extended
Comprehensive
Fire, smoke and lightning damage
Yes
Yes
Storm damage from force 7 upwards
Yes
Yes
Water damage from a burst pipe
Yes
Yes
Burglary damage to doors and frames
Yes
Yes
Drilling through a pipe while doing DIY
No
Yes
Subsidence, pile rot and deferred maintenance
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.
Where things go wrong in practice
Four points that make the difference between a policy that pays out and one that does not.
An agreed valuation fixes the value, not the cover
An agreed valuation under Article 7:960 of the Dutch Civil Code binds both parties to the assessed amount. Disputes about underinsurance therefore fall away, but the rest of the policy continues to apply in full: the report says nothing about whether the cause is covered. Settlement, pile rot, poor maintenance and slow-acting damp remain excluded, however recent the valuation. Also watch the period of validity; it is stated on your policy schedule and it expires.
The finish determines the rebuilding costs, not the volume
Two properties of the same volume differ widely in rebuilding costs as soon as one has a standard finish and the other has natural stone, resin floors and made-to-measure window frames. The repair time differs too: made-to-measure glass, curved frames or a particular type of brick have lead times, and that time runs on in the cost of alternative accommodation. Have the valuer name those elements separately rather than writing them off under a general heading for finishing.
The swimming pool, pool house and landscaping stand apart from the buildings
Site features do not automatically belong to the insured building. A swimming pool with filtration and heating, a pool house, garden walls, fencing with access control and the paving of the drive fall under a sub-limit in many policies or outside the cover. Planting and trees are almost always excluded, even where they are lost in a fire or storm. Declare each element with a value of its own and then check that it appears word for word on the policy schedule.
The security clause is a condition, not a recommendation
For high sums insured, insurers include a clause on certified locks and fittings and often on an alarm system monitored by an alarm receiving centre. If that provision is missing or the alarm was switched off, damage from burglary will not be paid or only in part. Theft without signs of forced entry is excluded in any case. Answer the questions about security on the application in full: incorrect information falls under Articles 7:928 and 7:930 of the Dutch Civil Code.
Security as a condition
For higher sums insured, insurers require certified locks and fittings and often an alarm connected to an alarm receiving centre.
A guarantee against underinsurance is not automatic
If you fill in the insurer's rebuild value calculator correctly, you will usually receive a guarantee against underinsurance: in the event of a claim the actual amount is paid, even if the sum insured turns out to be too low. Your policy schedule states whether you have that guarantee. Without it, the proportionality rule applies, and that also affects small claims.
Agreed rebuild value. The amount in the valuation report is the basis. A higher assessed value means a higher maximum payout.
Level of finish and choice of materials. Natural stone, made-to-measure frames and exposed work make repairs more expensive and slower than a standard finished interior.
Outbuildings and grounds features. A pool house, a swimming pool with its plant, fencing and paving are valued separately and raise the sum insured.
Security and monitoring. Certification of locks and an alarm connected to an alarm receiving centre count in both the underwriting and the premium.
Building services and home automation. Built-in climate, audio and control systems are vulnerable to water and fire damage and are expensive to install again.
Type of cover and excess. Comprehensive cover costs more than extended perils cover. A higher excess brings the premium down.
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.
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.
Why is a rebuild value tool not enough for a villa?
A tool works with average building costs per cubic metre for a house with a standard finish. Everything that is different about a villa, such as natural stone, made-to-measure frames and built-in building services, is not in that average. As a result you end up structurally too low and lose the difference when you claim, unless you have the value fixed with a valuation report.
What happens if my valuation report has expired?
The binding effect of the assessed value then lapses and, when you claim, the insurer assesses again whether the sum insured is adequate. If it turns out to be too low, payment is made proportionately and that affects small claims as well. Put the expiry date of the report in your diary and have a new valuation carried out in good time.
Are the swimming pool, pool house and landscaping covered as well?
Not automatically. Under most policies these elements fall under a separate maximum or outside the cover, and planting is usually excluded altogether. Declare the pool plant, outbuildings, fencing and paving with a value of their own on the application and then check on the policy schedule that they have actually been included.
What security does an insurer require for a high sum insured?
As a rule, certified locks and fittings on all accessible openings in the facade and, above a certain sum insured, an alarm system monitored by an alarm receiving centre. That appears as a clause on the policy. If you do not comply, the insurer can refuse or reduce a burglary claim; the exact requirement is set out in your policy conditions.
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.
