Buildings Insurance

Homestead & Holiday Home

Buildings insurance is not mandatory in Germany, but a “should have insurance” as it covers the repair costs caused by damage to the structure itself, fittings within, the property and even auxiliary buildings (e.g. garage, garden- or guest house) on the same plot.

And although not compulsory, buildings insurance is usually a condition imposed by banks when taking out a mortgage, as it ensures the bank’s security – your house - in the event of a total loss. Hence, buildings insurance covers today’s cost when having to reconstruct a building.

Standard insured Endangerments

The following standard risks are covered by every building insurance plan, regardless of premium.

  • fire
    • torch
    • lightning
    • explosion
    • implosion
    • impact of a air-/ landcraft
  • storm & hail
  • tap-water, frost and other breakages
  • burglary, vandalism and robbery
The following natural hazards can be included for an additional premium .
  • Avalanche
  • Earthquake
  • Flood, backwater
  • High tide
  • Landslide, subsiding ground & sinkhole
  • Lightning (not all insurers)
  • Heavy rainfall (not all insurers)
  • Snow pressure
  • Volcanic eruption


The most important benefits:

  • Insurance cover for all movable items
  • Reimbursement method is "New for Old"
  • Valuables are included
  • "Away from Home" insurance
  • Premises in adjoining buildings on the same property and garages are covered
  • Waiver of under-insurance
  • Uninhabited houses are covered

Good value for money are these benefits:

  • Valuables should be covered to a min. of 20% of the insured sum
  • No excess!
  • Theft from vehicles in Germany, preferably Europe
  • Bycicle theft without a night clause
  • Gross negligence
  • Cost reimbursement for security companies (min. 48 hours)
  • Singe damages
  • Surge
  • Water damages caused by waterbeds or aquariums