Do I need liability insurance?
Yes, as a tenant, you are required to have liability insurance. Here’s why:
Reason for Requirement: Liability insurance protects you in case you accidentally cause damage to the rental property. Such incidents could include water damage from plumbing issues or damage to fixtures and fittings that are part of the property. Having liability insurance ensures that you are covered for the costs of these damages, which can otherwise be substantial.
Why It Must Be Dutch: According to our general terms and conditions, your liability insurance must be with a Dutch company. This requirement facilitates easier claims recovery processes and simplifies legal proceedings, should they become necessary. Dutch insurance policies are designed to align with local laws and regulations, providing comprehensive coverage suited to the specific needs and legal conditions in the Netherlands.
Assistance with Obtaining Insurance:
If you need help securing liability insurance, we offer assistance to ensure you find the right coverage. You can request help by requesting this service. Read more about it here: Policy: services requested by the tenant. Please note, there is a service fee of €50, excl. VAT, for this assistance. In this case, we will advance the payment for the liability insurance on your behalf, for a 12-month period. The cost typically ranges from €50-€60 for one year, and it will be invoiced to you on your upcoming rent invoice. The insurance will be terminated by us directly after the 12 months. If you need insurance after the 12 months, you will need to apply for one yourself, as it’s not possible for our administration to continue paying for it and invoicing you after you are no longer renting with us.
As part of this service, you will receive a prepaid mobile SIM card, which will be used to secure the insurance policy. If you wish, we can also assist you in setting up a mobile phone subscription with approximately 15-20 GB of internet data for around €10-€15 per month, depending on current market offerings. Please note, we do not make a profit on these subscriptions; we only charge a service fee of €50 excl. VAT for our assistance, per service.
Additional Benefits: Beyond meeting our leasing requirements, having liability insurance also gives you peace of mind, knowing that you are financially protected against potential claims for damages during your tenancy.
For any further questions about obtaining liability insurance or if you need recommendations for insurance providers, please feel free to contact us. We’re here to help ensure that your tenancy is secure and compliant with all necessary legal requirements.