Buildings
- Excess of 250 or 500 euros, storm separate
- Indexation and margin up to 125 percent
- Loss of rent and debris removal up to 10 percent
Compare VvE insurance packages
Two VvE quotes with the same premium can end up hundreds of euros apart after a single leak: in the excess, the index margin, loss of rent and who counts as a board member.
- several insurers compared objectively
- 9.5 customer rating for a new policy
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- 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.
Which details do we ask for?
Business quote request. A no-obligation request: nothing is taken out automatically. After sending you receive a reference number and a confirmation by e-mail.
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- Comments
- Have you, or anyone else with an interest in this insurance, been in contact with the police or judicial authorities in the past 8 years? (required)
- Has an insurance policy ever been cancelled, refused or terminated due to fraud, or are you registered in the incident register? (required)
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Additional questions follow per chosen insurance.
- Independent advice
- Several insurers
- Switching arranged
- Help with claims
In brief
The Netherlands has more than 135,000 owners' associations (VvE), and almost half of them consist of one to three addresses. Yet a small building above a shop is often offered the same package as a complex with a lift and an underground car park. Comparing therefore starts with the question of whether the quote is tailored to your building: mixed use, the age of the pipework, a flat or pitched roof, and whether it is based on an up-to-date reinstatement value.
The differences lie in figures you have to look up in the policy conditions. A VvE buildings policy (opstalpolis) that we used as a reference charges an excess of 250 euros per event and 500 euros for storm damage from wind force 7, pays debris removal costs, garden landscaping and loss of rent each up to 10 percent of the sum insured, with loss of rent for a maximum of 104 weeks, and lets the sum insured grow with the building cost index after a claim up to 125 percent. Laminate flooring is never insured under that policy, and owners' improvements (eigenaarsbelang) only if they are stated on the policy schedule. Another provider fills in each of those points differently.
Unlike our page on VvE insurance via Turien & Co, which is about a single underwriting agency (volmacht), here we set quotes from several insurers and underwriting agencies side by side on exactly these points. The board receives one overview per component and can put a well-founded proposal to the general meeting; if you wish, we explain it at the meeting.
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?
You compare a VvE package component by component: the building, the liability of the association and the liability of those who run it.
Liability
For the liability of the VvE, you compare the sum insured per claim and per year and whether damage to property of its own members is covered.
- Falling roof tile on a parked car
- Courier falls in an unlit stairwell
- Leak from a shared pipe into a private unit
Drivers
For directors' cover, you compare the definition of who is insured, the sum insured per year and whether defence costs are paid on top.
- Audit committee and technical committee
- External property manager as de facto director
- Run-off cover for board members who have stepped down
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 on which VvE quotes most often differ in our comparisons.
Excess: per event or per apartment
If a riser pipe leaks and four apartments are affected, the VvE pays 250 euros once with an excess per event, but four times with an excess per damaged apartment. Some insurers raise the excess for escape of water to 500 or 1,000 euros after repeated leaks, or exclude it until the pipes have been replaced. So ask the current insurer for the claims history of the last five years and set out per quote which excess applies to which cause. For a 1960s complex with its original pipework, this weighs more heavily than the difference in premium.
Reinstatement value, index and guarantee against underinsurance
A quote can come out lower because it is based on an older reinstatement value. In the policy we used as a reference, the payout is reduced proportionally if the sum insured turns out to be too low, and after a claim the sum insured grows by no more than 125 percent of the most recently indexed amount. Other insurers give a guarantee against underinsurance if the valuation is no more than six years old. So compare three things: the basis of the amount, the indexation method and whether there is a guarantee. You only notice the difference after a major fire, and then in full.
Who counts as a director
In a VvE, more people take decisions than the elected board. The audit committee approves the annual accounts, the technical committee selects the contractor for the roof, and an external property manager carries out the work. Some packages insure only statutory directors, others also committee members, the property manager as de facto manager and former board members with a run-off period. If a façade renovation worth several hundred thousand euros goes wrong because of a flawed tender, the whole chain is held liable. Check the definition of insured person and whether defence costs are paid on top of the sum insured.
What the policy does not cover and who does
In the reference policy, laminate flooring is never insured, and floors, kitchens and bathroom fittings are only covered if owners' improvements are stated separately on the policy schedule; personal belongings in shared storage rooms are covered up to 10,000 euros. A quote without owners' improvements is cheaper, but shifts the cover for renovations to the contents policy of each individual owner. In a complex with many rented apartments, loss of rent matters: 10 percent of the sum insured and a maximum of 104 weeks in the reference policy, a fixed amount with other insurers. Record per quote which components end up with the owners themselves.
Frequently asked questions
Questions boards ask us when they want to compare VvE packages.
Is a VvE package different from an SME or self-employed (zzp) insurance package?
Yes. An SME or zzp package bundles business risks such as equipment, business interruption and business liability (AVB) for an enterprise with turnover. A VvE has no turnover and no business activity; its risk is the building itself, together with its liability as building owner and the liability of its board. If there is a shop or office on the ground floor, that business owner insures their own equipment and liability in an SME package, while the VvE insures the structure of the entire building.
How many quotes do we need for a good comparison?
Three to five, from different insurers and underwriting agencies, is enough in practice. More important than the number is that they rest on the same assumptions: the same reinstatement value, the same use of the building, the same claims history and the same desired excess. We send all providers one identical request, so that the differences in the quotes really lie in the conditions and not in the information supplied.
May the board choose the cheapest quote?
It may, as long as the general meeting knows what it is choosing. Almost every deed of division (splitsingsreglement) obliges the VvE to insure the building, and the board carries out that decision. If the board deliberately opts for a higher excess, a lower reinstatement value or narrower directors' cover without putting this to the members, it may later be held liable for it itself. An overview per component in the minutes protects the board.
Does our claims history count in the quotes?
Yes, insurers ask for the claims history, usually over five years. A complex with recurring leaks gets a higher premium, a higher excess for escape of water, or is not accepted. Withholding information is not an option: in a later dispute the insurer can rely on it. What does help is a long-term maintenance plan showing that the cause is being dealt with, for example replacement of the riser pipes in the coming year.
Should we have a valuation done before we compare?
If the last valuation is older than about six years or the building has been renovated, that is sensible. An up-to-date valuation report ensures that all quotes start from the same sum insured and, with many insurers, entitles you to a guarantee against underinsurance. Without a valuation, insurers use their own model or the figures supplied by the board; the sums insured then differ and the premiums are not comparable. We arrange the valuer.
How do we present the comparison to the general meeting?
With one table per component: premium, sum insured, excess per cause, indexation, loss of rent, cover for owners' improvements and the definition of director. Below that, the board's proposal with the reasoning, and if desired the premium converted per apartment according to the ownership shares (breukdelen). We draw up that overview in plain language and can answer members' questions at the meeting, so that the decision is well substantiated in the minutes.
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
- 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 (LinkedIn). Last updated on .
The information on this page is general in nature and is not personal advice.