Residential Building Insurance: Comprehensive Protection for Your Home
What is residential building insurance?
Residential building insurance is indispensable for every homeowner. It protects you against the financial consequences of damage to your building. Whether a single-family house, an apartment building or another property – this insurance ensures that your home can be rebuilt or repaired after a loss without you having to bear enormous costs.
What damage does residential building insurance cover?
Our standard residential building insurance offers comprehensive protection against:
- Fire: damage caused by fire, lightning, explosions or implosions.
- Tap water: damage caused by burst water pipes, leaking fittings or other water escapes.
- Storm and hail: damage caused by strong winds (from wind force 8) or hail.
- Natural hazards: optional protection against natural hazards such as floods, earthquakes, landslides, snow load or avalanches.
What is not insured?
Some types of damage are not covered, including:
- Intentional damage
- War and civil unrest
- Normal wear and tear
Add-on modules and extensions
Extend your insurance cover with our add-on modules:
- Natural hazard insurance: additional protection against natural disasters.
- Glass insurance: all-risk cover for permanently installed glass such as window panes or glass doors.
- Building services insurance: protection for technical installations such as heating or smart home systems.
Insurance cover for a vacant house
Vacant houses are exposed to a higher risk. Protect your vacant house with adapted insurance cover:
- Burglary and vandalism: special protection against increased risks.
- Water damage: prevention of unnoticed pipe bursts and major damage.
- Fire damage: regular inspections and safety measures are required.
Report the vacancy in good time and take advantage of our special rates for extended protection of vacant houses.
Who needs residential building insurance?
Residential building insurance is essential for:
- Owners of single-family and multi-family houses: to protect your home and your investment.
- Landlords: protection of rental properties and preservation of the property's value.
- Owner communities: joint protection of the entire building.
- Property financing: without insurance cover, the bank will not pay out the loan.
How is the premium calculated?
Your premium depends on various factors:
- Value of the building: the higher the value, the higher the sum insured and the premium.
- Construction and building materials: influence of flammable materials or special construction methods.
- Location of the building: risk-related factors such as flood risk or geographical location.
- Scope of cover: comprehensive protection can lead to higher premiums.
- Vacancy: for vacant houses, the premium may increase due to the higher risk.
Conclusion
Residential building insurance is essential protection for every property owner. It provides financial protection against numerous types of damage and helps preserve the value of your property. Vacant houses require special insurance cover due to the increased risks.
Contact us today for tailored advice and an individual quote!