Whoever buys or builds a home usually takes out a mortgage loan for financing. It is and remains the best way to keep your housing project affordable without having to make qualitative concessions.

But that does not end the stocking. It also pays to build in the necessary protection for your investment. How does that work in practice? Is there such a thing as optional and compulsory insurance.

Housing insurance = basic protection

Housing insurance = basic protection

When financing your dream home, it is not only a matter of raising the necessary capital. Equally important is the maximum containment of the (financial) risks. Just think of the consequences of fire or water damage. Just about every lender requires that you take out a home insurance policy (fire – simple risks). Although this is not required by law, if it is not imposed by the credit institution, we recommend that you take one anyway. Among other things, you are insured against the following risks:

  • Damage due to fire, explosions, lightning
  • Damage due to attacks, natural disasters
  • Storm and hail damage
  • Damage due to snow or ice

Please note: the compensation paid after damage depends on the valuation determined in advance. Insurers are required by law to protect you against underinsurance and offer all kinds of tools to help determine the value.

Debt balance insurance: no compulsory insurance, but strongly recommended

Debt balance insurance: no compulsory insurance, but strongly recommended

Just like the home insurance, the outstanding balance insurance is not compulsory. However, most credit insurers will also make this insurance a condition for the granting of your home loan. But that is not the only reason why you best take out a balance insurance policy.

For your next of kin it is the guarantee for a carefree future. With a debt balance insurance you avoid having financial problems in the event that you had to die during the term of your credit. Depending on the percentage for which you are insured, the insurer takes over part or all of the repayment of the credit. In addition, a debt balance insurance is tax deductible under certain conditions.

Non-binding but strongly recommended


The above insurance policies are a first – non-binding but strongly recommended – basic protection, but of course it does not stop there. Do you prefer to take the certain for the uncertain? Then our additional guarantees are for you. Looking for a tailored proposal to your personal needs? Please contact us for more information. We are ready for you!

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