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Fire, lightning, explosion, aircraft crash
Storm, hail, water damage from pipes
Flood, earthquake, landslide, snow load
Building insurance is not legally required, but most mortgage lenders require it as loan security. For homeowners, it's essentially indispensable protection.
The building sum should equal current rebuilding costs (€1,200-2,500 per m² living space). Use the 1914 building value method or current construction cost calculation.
Notify your insurer immediately of major renovations or extensions. The building sum must be adjusted to reflect the increased property value and rebuilding costs.
Modern policies typically include photovoltaic systems, heat pumps, and energy-efficient installations. Check your policy or request specific coverage.