Builder's legal protection - to do or not to do?

100,000 per case sounds like a lot, but just as an example: let's say in the worst case there's an eternal construction stop, you are in repayment and still paying rent, no one agrees, etc. etc. A high coverage amount is reassuring.

It is a legal expenses insurance: the 100,000 does not refer to the damage, but to process and/or attorney costs. That is exactly what I meant with my inquiry. Many think that a damage of up to 100,000 is financially covered, like with home contents insurance.

I would have been glad to be able to conclude something like that....people take out insurance for every S+++++, but especially for the biggest investment of your life, which can ruin your existence if it goes wrong, we don't insure anything?

Office workers take out disability insurance that costs more per year than this insurance....

I would take it immediately if I could....100,000 legal costs add up quickly....although that depends on the value in dispute.....if the shell construction is ruined, then the costs really add up, because the value in dispute is very high

In DE, this type of insurance only exists if you finance with Sparkasse. Otherwise, there is no equivalent. You cannot get the product separately.

In Germany, this type of insurance is only available if you finance with Sparkasse. Otherwise, there is no equivalent. The product cannot be obtained separately.

This is not entirely correct. Either finance through Sparkasse OR take out an additional insurance there: "The builder's legal protection insurance is available in connection with an object financing or also a builder's all-risk insurance, integrated fire shell insurance (in building insurance), builder's liability insurance, construction worker accident insurance or the PVHB comprehensive package for homeowners at your Sparkasse and public insurer."

That's not quite right. Either finance through the Sparkasse OR take out another insurance there: "The builder's legal protection is available in connection with an object financing or also a construction performance insurance, integrated fire shell construction insurance (in building insurance), builder's liability insurance, construction helper accident insurance or the PVHB full combo for homeowners at your Sparkasse and public insurer."

Hm... then I misunderstood it during my research. Thanks for the clarification. It's too late now anyway :-p

Oh wow, that is a great opening clause, for example, builder's liability shouldn't cost a fortune. Besides, it seems to me that the Sparkasse itself doesn't really know what kind of deal they are offering. When I initially inquired there, I was told that they didn't know anything about such a product and then contacted me after internal consultation to inform me that there actually is something.