Building insurance

Building insurance protects owners of commercial buildings against the financial consequences of damage to the building caused by various risks.

The foundation of your company

Building insurance - what is it?

Unforeseeable events such as fire, storm or water damage can cause serious damage to your building. With buildings insurance, you are protected against all eventualities and can concentrate on the important things.

Facts & Figures

0 Mrd. € is approximately the annual premium volume in Germany

0 € the average amount of loss is at least

0 % of reported building damage is due to natural hazards such as storms, hail and flooding

Your advantages at a glance

Buildings insurance protects your property against the financial consequences of damage caused by fire, storm or mains water. It ensures that your building is always well insured.

Assumption of costs for reconstruction

Should it be necessary to rebuild the building after a total loss

Reimbursement of repair costs

For repairs to restore the building

Reimbursement of hotel costs

the building is temporarily uninhabitable

Reimbursement of costs for loss of rent

When building damage causes loss of rent

FAQ on buildings insurance

We have summarized the most frequently asked questions about buildings insurance for you in our FAQ. Our experts will also be happy to provide you with individual advice.

Why is buildings insurance important?

Buildings insurance protects owners of commercial buildings against the financial consequences of damage to the building caused by hazards such as fire, mains water, storm, hail or other natural hazards.

What damage is covered by buildings insurance?

Buildings insurance typically covers the following types of damage:

Fire: damage caused by fire, lightning, explosion and implosion
Tap water: damage caused by leaking tap water, burst pipes and frost damage
Storm and hail: damage caused by storm, hail, snow and rain
Other natural hazards: damage caused by flooding, landslides, earthquakes, snow pressure and avalanches (optional)

What is not covered by buildings insurance?

As a rule, the following are not covered

Damage caused intentionally
Damage caused by gross negligence on the part of the policyholder
Damage caused by war, civil unrest or nuclear events
Damage due to normal wear and tear

Who needs buildings insurance?

Private individuals: Owners of single-family homes, apartment buildings or condominiums
Businesses: Owners of commercial buildings, office buildings, warehouses, production facilities, etc.
Landlords: Owners of rental properties to protect the building and rental income

Is there special building insurance for certain buildings?

Yes, there are specialized building insurance policies that are tailored to the specific risks and requirements of different types of buildings, such as residential buildings, commercial buildings, listed buildings or agricultural buildings.

What is underinsurance and how can I avoid it?

Underinsurance occurs when the sum insured is lower than the actual reconstruction value of the building. In the event of a claim, only part of the damage is then compensated. To avoid this, the sum insured should be regularly reviewed and adjusted.

What are typical exclusion clauses in buildings insurance?

Damage caused by intentional or grossly negligent behavior
Damage caused by war, civil unrest or nuclear events
Damage due to normal wear and tear
Damage caused by unauthorized or illegal activities

What is all-risk cover?

All-risk cover extends the insurance cover to all unforeseen damage that is not expressly excluded. This offers more comprehensive protection than traditional buildings insurance, which only covers certain risks.

Construction

Your construction project in safe hands - our Construction experts offer you a complete construction ecosystem. Our experts advise and support project developers and clients throughout the entire project.

Find out more