What we don't do
- No savings Account or fixed-term deposit
- No savings advice
- No recommendation from banks
Saving: What to look out for
We assure; we do not offer savings accounts and do not act as intermediary in them. What we do here is explain how to assess a savings product and how a buffer relates to your insurance.
- several Insurers compared objectively
- 9.5 customer rating for a New policy
- AFM license 12016589
- Personal 072 - 509 24 56, weekdays 9–17
This page in another language: Nederlands
- We compare the offerings of several Insurers
- An advisor 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.
- Independent advice
- several insurers
- Switching arranged
- Help with claims
In letter
Saving is intended for spending you can see coming and for setbacks you want to be able to bear yourself. A savings Account is not an investment: the amount does not fall in value, but its purchasing power can decline with inflation. A provider promising a high and guaranteed return is not offering a savings product.
Finass Insures advises on and arranges Non-life insurance. Savings products fall under a different license category. We do not open accounts, give no savings advice and recommend no bank. We only explain which features to compare and what protection applies by law.
Where saving and insuring meet is the excess. Anyone with a reserve can deliberately opt for a higher excess and so Save on premium. Anyone without that reserve had better not. That is precisely the conversation we can have with you.
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.
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Who does what with savings?
Three cards showing where our role ends and the bank's begins.
What to look out for
The features on which savings products actually differ.
- Which guarantee scheme applies
- Access to your money and penalties
- Conditions attached to promotional rates
What we do provide
What you can come to us for.
- Home, traffic and liability
- Choice of excess
- Business and property
What is covered
| Situation | At Finass Insures | With the licensed provider |
|---|---|---|
| Opening a savings Account or fixed-term deposit | No | Yes |
| Application of the deposit guarantee scheme | No | Yes |
| Information about conditions and access to your money | No | Yes |
| Advice on your Non-life insurance | Yes | No |
| Matching the excess to your financial buffer | Yes | No |
| Assessment of Cover for major expenditure | Yes | No |
This overview is general in nature and is not personal advice; saving requires a separate license, which we do not hold.
What to look out for when comparing
- Guarantee scheme: which country and which supervisory authority stand behind the bank
- Access to your money: Freely withdrawable or fixed, and subject to what penalty
- Conditions attached to the rate: whether it applies only to new money or only temporarily
- Balance limits: whether the rate changes above a certain amount
- Size of your buffer: determines what excess you can bear
- The provider's license: check the party in the public register of the AFM or DNB
This overview is general in nature and is not Personal advice.
How it works
- You will read What to look out forThis page sets out the features of savings products.
- You choose a licensed bankCheck which guarantee scheme and which supervisory authority apply.
- You set your bufferEstablish which setbacks you want to be able to absorb yourself.
- We align your policiesWe adjust the excess to what you can actually bear.
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 E-mail 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 determine whether your savings do what you expect of them.
Know Which guarantee scheme applies
The Dutch deposit guarantee scheme applies to banks with a Dutch license and guarantees balances up to a statutory maximum per person per bank. If you save through a platform with a foreign bank, the scheme of that country and a different supervisory authority apply. Look that up before you transfer money, not afterwards.
Promotional rates and access to your money
An attractive rate often applies only temporarily, only to new money or only up to a certain balance. With a fixed-term deposit your money is tied up and you pay a penalty for early withdrawal. So do not judge the rate but the combination of rate, term and whether you need to be able to get at the money unexpectedly.
Saving does not replace Insurance
A buffer covers small setbacks; insurance covers what you cannot bear yourself. For risks such as liability, fire or a collision, saving is no alternative, because the amount can run up without limit. Indeed, it is unnecessary to ensure small losses: you would then be paying premium for something you can absorb yourself.
A reserve changes your policy
With a buffer you can increase the excess and reduce the premium. Bear in mind, though, that certain damage is never covered, whatever your excess: wear and tear, deferred maintenance and gradually acting influences fall outside Cover, and 7:952 DCC excludes damage through intent and recklessness.
Frequently asked questions
This is what people ask us most.
Does Finass Insure act as intermediary in savings accounts?
No. We advise and act as intermediary solely in general insurance. Savings products fall under a different license category, which we do not hold. We do not open accounts, give no savings advice and recommend no bank. For your insurance and for setting your excess, you can come to us.
What does the deposit guarantee scheme guarantee?
It guarantees balances at a bank with a Dutch license up to a statutory maximum per person per bank, where that bank can no longer meet its obligations. It does not cover investments and does not cover a loss of value through inflation. With foreign providers, the scheme of the country of establishment applies.
How large should my buffer be?
There is no generally applicable figure for that. It depends on your fixed outgoings, the security of your income and the state of your Home and car. A workable rule of thumb is that you should be able to absorb unexpected expenditure and the excess on your policies without borrowing. We are happy to work the latter through with you.
Can I reduce my premium with a buffer?
Often yes. With most general insurance, a higher excess reduces the premium. You then pay for small losses yourself and ensure only what you cannot bear. Whether that is sensible depends on your reserve and your claims history. We set the variants side by side for you.
Is saving risk-free?
In nominal terms your balance does not change, but its purchasing power can decline with inflation. You also run a counterparty risk, which the guarantee scheme covers up to a statutory maximum. Anyone saving above that maximum can spread the amount across several banks. We give No advice on that.
Every Situation is different. For these situations we have a separate page.
- Finance: we refer you onthe main page
- Save or borrow?Please note! Borrowing money costs money, APR, buffer
- Investing: we refer you onNo investment advice, Returns not guaranteed, We insure
- Trading: What to look out forNo investment advice, leverage, costs
- How much can I borrow?Please note: borrowing money costs money, APR, BKR check
Read more
Does your excess match your buffer?
We compare the offerings of several Insurers and match the cover and excess to what you can bear yourself.
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 license, Chamber of Commerce 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.