Buildings
- Foundations, facade and roof
- Lifts and installations
- Communal areas
Compare VvE insurance packages
A VvE (Dutch owners' association) has one insurance policy that is required by law and a handful that are not, but which affect the board personally if they are missing.
- 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
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 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
Under Article 5:112 of the Dutch Civil Code the association is obliged to insure the building collectively. That is the core of every package. Around it sit liability, directors' and officers' liability, legal expenses, glass, environmental damage and sometimes a personal accident cover for volunteers.
The sum insured of the buildings policy is the rebuild value of the whole block. That same rebuild value is, under Article 5:126(2) of the Dutch Civil Code the basis for the annual contribution to the reserve fund: setting money aside in line with a multi-year maintenance plan covering at least ten years, or at least 0.5 per cent of that rebuild value.
A sum insured that is too low therefore works both ways: the VvE is underinsured and structurally saves too little for major maintenance.
Independent, personal, sorted quickly
We compare your insurance package across dozens of insurers, explain where the real differences lie, and arrange the switch from start to finish — without you having to chase it yourself.
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What does the VvE insurance package cover?
The structure of the cover in three parts, with an overview per situation below.
Liability
Damage to third parties caused by a defect in the building.
- A loose roof tile
- Injury in the stairwell
- Ice at the entrance
Drivers
Personal liability of board members, who are often unpaid.
- Improper management
- A neglected reserve fund
- Defence costs
What is covered
| Section | Compulsory | Strongly recommended |
|---|---|---|
| Buildings insurance (opstalverzekering) | Yes | Yes |
| Liability of the association | No | Yes |
| Directors' and officers' liability | No | Yes |
| Legal expenses | No | Yes |
| Glass | No | Sometimes |
| Environmental damage | No | Sometimes |
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.
What does your premium depend on?
- Rebuild value of the complex: the main basis for calculation
- Year of construction and state of maintenance
- Number of apartment rights
- Installations present: lift, heat pump, solar panels, charging points
- Use: residential only or commercial units as well
- Sections chosen and the excess
Insurers weigh these details differently. That is where your saving is.
How we arrange it
- You request a quoteWe take stock of your activities, turnover 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.
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 in practice
Four points that make the difference between a policy that pays out and one that does not.
The rebuild value also determines your duty to save
Since 1 January 2018, Article 5:126(2) of the Dutch Civil Code has prescribed a minimum annual contribution: in line with a current multi-year maintenance plan looking at least ten years ahead, or at least 0.5 per cent of the rebuild value from the buildings policy. If that plan is out of date and the general meeting does not update it, the 0.5% rule applies automatically. For a block with a rebuild value of four million, that means twenty thousand euros a year, regardless of what the building actually needs.
Board members run a personal risk
The statutory standard of proper performance of duties makes no distinction between paid and voluntary board members. If the board lets the reserve fund be neglected, or fails to insure what should have been insured, personal liability can follow for the loss that results.
The owner's interest falls between two stools
What an owner has installed themselves (kitchen, bathroom, parquet floor) falls neither under the VvE policy nor under their home contents insurance. That is the owner's interest and it has to be insured separately. Point this out to your members actively. In a large loss this is the most common disappointment.
Report installations that are added
Solar panels, charging points, a heat pump or a new lift raise the rebuild value and change the risk. Anything installed since the last declaration is often not included. Take it up in the same annual round as the budget.
Frequently asked questions
This is what people ask us most.
Which insurance is compulsory for a VvE?
Buildings insurance (opstalverzekering). Article 5:112 of the Dutch Civil Code requires the association to insure the building collectively, and the board must inform the members about what is covered.
What is the link with the reserve fund?
The VvE must set money aside each year in line with a maintenance plan covering at least ten years, or at least 0.5 per cent of the rebuild value from the buildings policy. A rebuild value that is too low leads both to underinsurance and to saving too little.
Is directors' and officers' liability cover needed for a small VvE?
In that case too. The standard of proper performance of duties applies regardless of size and regardless of whether board members are paid; recovery runs against their private assets.
What must owners insure themselves?
Their home contents and their owner's interest: everything they have installed themselves that is fixed in place. Alongside that, their own liability insurance.
Are solar panels covered as well?
Only if they have been declared. They raise the rebuild value and change the fire risk; anything installed since the last declaration otherwise falls outside the cover.
Who pays the excess?
Usually the communal fund. Record how this is settled where the damage was demonstrably caused by one owner.
Every situation is different. For these situations we have a separate page.
- Insurance packagesThe main page
- Insurance for a VvECompulsory, board, additional
- VvE packageOne policy, all sections, one file
- Insuring a dormant VvERequired by law, liability, risk
- Insurance in a VvE packageDeed of division, communal parts, rebuild value
- Home packageBuildings, contents, the fit between them
- Compare exclusive insurance packagesOne policy, one point of contact ·. A valuation as the basis
- Insuring a dormant VvEInactive association, still compulsory, underinsurance
- A VvE and liability: which insurance do you need?Article 5:112 DCC, communal parts, the board
Read more
Ready to compare?
Request a quote without obligation. We will look at which insurer best matches your activities and your risk.
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. Last updated on .
The information on this page is general in nature and is not personal advice.