What is owner interest?
Suppose you have just become the owner of a new home or you have just signed a lease. One of the first things you are going to do is insure yourself and your home. For example, you choose a new contents insurance policy and a new buildings insurance policy. For individuals who rent a home, they do not have to purchase their own building insurance. Usually this responsibility lies with the Owners' Association(VvE) or the landlord. If you want to get even more insurance, you can insure an owner's interest. We explain exactly what this entails.
What is owner interest?
An owner's interest insures you against additional issues. For example, if you installed a new bathroom in your rental property, you can make sure it is co-insured with the owner's interest. For the following amenities that you install in your home, it is advisable to co-insure an owner's interest:
- The bathroom was recently remodeled
- You put in a new floor
- The kitchen was recently remodeled
- Recently installed expensive sliding doors to balcony
What value do you insure with an owner's interest?
Owner's interest is often a part of household insurance. It depends on which insurance policy you take out and how high your premium is. Note that not all home contents insurance policies allow you to include an owner's interest in the insurance.
It is always advisable to read the terms and conditions of your insurance policy carefully. That way you will know exactly what you are insured for and will not be faced with any nasty surprises.
Taking out household contents insurance? Calculate your premium!
What are the conditions for co-insuring the owner's interest?
You cannot include owner's interest in every household insurance policy. Always read the conditions carefully to find out whether you can include this in your insurance. In addition, the conditions differ greatly from one insurer to another. You really have to compare the different insurance policies to find out what damage is covered.
There are also some cases where damages are never covered. These are the following cases:
So keep this in mind when you go to buy contents insurance.
Co-insuring the owner's interest anyway
When you live in a condo or apartment complex, chances are you and your neighbors will make modifications to the home. Because anyone in the complex can do this, the VvE almost always co-insures the owner interest. Every resident in the complex must help pay for the premium, which raises it.
Do you have any questions about this insurance?
Are you interested in taking out owner interest? Then take a look at the possibilities on our website. If you can't figure it out yourself, you can always reach us by phone. We can be reached every working day from 08:00 to 18:00 on 085 - 013 1108.
Never underinsured
Put together your own package
A wide range
We compare all insurers for you, saves time again
Help from our experts
Can't figure it out? Our experts are always ready to help you
We are happy to help you quickly
Can't figure it out online? We're happy to help you via chat or WhatsApp.
Ask your question and get a response within 2 minutes