- What is covered by homeowner insurance?
- When do people need House and Building Insurance in Germany and Austria homeowner’s insurance?
- Why is the correct calculation of the house insurance important?
- When do people lose coverage for home or building insurance?
- Fill out the form and get the most suitable and economical quote for your home insurance in Germany or Austria.
- How does Sicher Sicher ensure that you have proper house insurance coverage?
- FAQ. Regarding Homeowner Insurance
What is covered by homeowner insurance?
Homeowners insurance covers the majority of risks to the building. From the foundations to the roof truss, it covers damage caused by fire, lightning, explosions, pipe water, storms, and hail. In addition, it is recommended to include the peril of claims caused by natural hazards. Buildings insurance covers damage to external parts of the house (e.g., the front door, windows, and walls). The costs of decontaminating contaminated soil can also be insured by a special agreement. Additional inclusions are often offered.
We recommend adding additional risks to the standard cover, like:
- Glass breakage
- Extended coverage for water supply and heating pipes on and outside the insured property (depending on the legal rules of each city).
- Loss of rent for non-commercial and commercial property up to 36 months
- Protection against natural hazards at level II
When do people need House and Building Insurance in Germany and Austria homeowner’s insurance?
For a house or other habitable property as an owner, or if you are in the process of constructing such a property, and the costs. It is not mandatory to obtain that coverage, but banks and some states request the insurance protection.
Why is the correct calculation of the house insurance important?
There are various models for determining the value of a building; it is crucial that all information is correct during the application. Attention should be paid to the following:
- number of square meters of living space
- the type of the building
- the types of equipment (high-quality sanitary facilities, doors, windows, floors, etc.)
- the number of garages or carports
- Photovoltaic systems and other installations.
- Swimming pool
- Sauna
- Fireplace
- Commercial operation in the building
- Outbuildings (garden sheds, barns, other buildings)
In the event of missing or incorrect information, the insurer may refuse to pay the claim, retain the insurance premiums paid, and withdraw from the contract.
When do people lose coverage for home or building insurance?
If coverage is not selected or if only 120 m² instead of 150 m² of living space has been documented, In that case, the insurer can significantly reduce the claim payment or, in the worst case, appeal against the contract, withhold the premium already paid, and refuse to pay the claim. That is why it is important not to save money in the wrong area but rather to look for an insurer who offers coverage at an acceptable price with customer-friendly terms and conditions.
Fill out the form and get the most suitable and economical quote.
How does Sicher Sicher ensure that you have proper house insurance coverage?
Sicher Sicher advises our clients, as an independent insurance broker and expert in the field of building insurance, to find the optimal solution. Therefore, Sicher Sicher does not blindly accept the data from a preliminary contract, since our 20 years of experience have shown that 80% of the residential property insurance we have seen had been incorrectly calculated or had insufficient insurance coverage. In this way, we avoid taking over and continuing errors that have already been made.
As a claim pro broker, clients get homeowner insurance, which covers the selected perils. Sicher Sicher advises our clients based on the most suitable and economical solution. In the event of a claim, the difference does not make the 100 € annual insurance fee, which clients may save. Based on our experience, it is a matter of 300,000 euros or more to pay to get their house back.
FAQ. Regarding Homeowner Insurance
1. Can building insurance be deducted from tax?
Contributions to homeowners‘ insurance for self-use are not tax-deductible, as they are non-deductible “private“ expenses.
2. Which pipes are insured under homeowners’ insurance?
The insurance therefore covers „frost-related and other breakage damage to pipes.“ The pipes must belong to the supply and discharge lines of the water supply, or the hoses connected to them. The insurance also covers pipes for hot water and steam heating systems, as well as air conditioning, heat pumps, and solar systems.
3. Why is homeowner’s insurance becoming so expensive?
The reason for the massive price increase in existing policies is not simply increases by insurers. The rise in costs is due to high inflation and ever-more expensive construction materials.
4. How much should a house be insured for?
The sum insured under building insurance should be high enough to ensure that, in the event of a total loss, a new house of the same type could be rebuilt at current costs. It is best to choose a calculation based on the adapted Reinstatement value factor.
5. What is the basic coverage for buildings?
- Fire, water damage, and storm/hail are insured as standard.
- In addition, protection against natural hazards is recommended.
- Waiver of an under insurance clause
- Inclusion of gross negligence in claims
6. What happens to building insurance in the event of death?
It is essential to know what to do with existing building insurance in the event of an inheritance. After the death of the insured person, the building’s insurance is transferred to the heirs and protects the property until the next main premium due date.