Insurances
Dec 20, 2022
Which insurance do you need when buying a house?
After a long search, you have finally bought a house that you are very happy with. So, you want to protect your property, right? For this there are a number of (home) insurance policies that are mandatory/ recommended. Below we have listed all important insurance policies.
Often compulsory insurances
Home insurance
A home insurance policy protects the property against damage that can be incurred by, for example, fire, storm and burglary. This applies to regular properties such as single-family homes, detached homes, etc. When purchasing an apartment, the home insurance is in most cases included in the VVE (Home Owners Association). Always inquire about this with the (old) owner and/or broker.
Term life insurance
Term life insurance is usually not always required, but it is recommended in most cases. With this insurance, a predetermined amount of capital is paid out to the insured person or to his/her dependents. The amount of the capital depends on the degree of risk that you have to cover from the lender and what the mortgage advisor has indicated in his/her advice. The money that is subsequently released can be used to (partially) repay the mortgage or be used as a buffer in the event of loss of income.
Recommended insurances
Liability insurance
This used to be compulsory insurance, but this is no longer the case. It is recommended in most cases to take out such an insurance. The reason for this is to protect yourself against high costs if, for example, a roof tile from your property ends up on a neighbor's car or if you accidentally cause damage to the neighbors or an unknown person.
Home insurance
A home content insurance is requested to properly protect your belongings in your home against damage, theft and fire. Your belongings are often more valuable than you think, so always think carefully about taking out this insurance on time. An accident often happens in a small corner.
Legal insurance
Did you buy something that quickly broke down or do you have a dispute as a home owner? Legal insurance helps you to resolve disputes together with a lawyer. Hiring a lawyer, yourself is quite pricey, but if you are insured, they can help you free of charge.
Housing costs protection in the event of incapacity for work or unemployment
We’ve all sometimes thought about becoming incapacitated for work or unemployed. When think about such situations, a lot of questions remain unanswered. An insurance that covers your housing costs creates more peace of mind. This also prevents you from having to sell your home unexpectedly.
