Insurance

A technical defect in the flat above can cause severe moisture penetration in the flat. After the initial shock, one naturally wonders who will pay for the damage.

The owner's building insurance only covers damage to the building or parts of the building (e.g. doors, wallpaper, fixed floor coverings).

All household effects and personal belongings of tenants can only be covered by household insurance! Have you made provisions here? This way, the damage to your property can be repaired without any problems.

Liability of the landlord is not always given. This is because mere ownership is not decisive, but culpable causation must be present in order to enforce claims. In the area of property insurance, compensation at the new or replacement value is common. In the case of a liability claim, however, the maximum amount that may be reimbursed is the current value.

What risks do I have to consider as a tenant?

It is important for individual tenants to consider their own insurance cover, as personal, individual decisions have to be made here.

In the event of a lightning strike, for example, the overvoltage that occurs can cause severe damage or even destruction of the devices connected to sockets. Mostly the television is affected. The inclusion of such damage is possible in the household insurance.

It is also important to check the necessity of private liability insurance. An object quickly slips out of your hand and has damaged the sink or a pane of glass is accidentally broken. Are these rental property damages included in your private liability contract?

Important final note: If you have any questions specifically about home insurance, we will be happy to talk to you personally. However, with a large number of products on the insurance market, we can only provide a general overview. Each individual life situation requires a decision for the individual case and advice from an insurance company you trust.