The different types of insurance you’ll need as a homeowner or tenant:
This is home structural insurance, and you HAVE to have it if you own property and it is a requirement if you have a mortgage over your own home. It is not needed if you are renting.
Please make sure when you set up a policy that you check the following:
- it must cover windows and glass;
- it must cover underground plumbing and pipes below your house;
- it must cover the roof and all relevant to roofing.
Either you can speak to your financial advisor about this or your bank.
This is contents insurance. TVs, valuables, appliances, jewellery, etc. Anything you own that’s movable. If you have this already, do not forget to contact your insurance provider and advise them that you moved house. This is a must for both homeowners and tenants.
It’s important to note that glass (in terms of windows) is part of the home and is normally insured by the landlord against damage caused by storms or fire. But, as a tenant, you will be liable for the costs if you were directly responsible for damage to a window in the property you’re renting. The simplest would be to check the rental contract to see if you need to arrange glass insurance yourself. This you can arrange by adding glasverzekering to your inboedelverzekering as a small additional cost per month.
This is personal indemnity insurance. EVERY single person in NL should have this, as it covers you for personal indemnity. Here, if you walk into a store and you or your child knock over a shelf of plates/bottle etc, you are held responsible for all costs. If your child kicks a soccer ball through a school window, you are held responsible for the costs. If your child scratched a car with the handlebars of his bike, while he cycles past. You are responsible financially for any damage. We highly recommend getting this, it is cheap and you take it out for your whole family in one package. You can get this through your bank.
This is like legal aid insurance. Not as important as the above, but you might still be interested in looking at getting it. It is quite popular here, due to the cost of lawyers. As a property owner, we would advise getting it.