Insurance during and after house construction

Always happy to discuss! Building liability insurance only from the day of acceptance, only then do you need it. You only need builder’s liability insurance when you perform own work, otherwise not.

Sorry Vicky, but none of that is really true.

You don’t need building liability insurance at all for owner-occupied residential buildings. That is only interesting for landlords.

Instead, you have private liability insurance that includes your own property and building if someone is harmed by it.
Before that, you use builder’s liability insurance, and that makes sense from the moment the rights and obligations for the property transfer to you. Even an empty lot poses dangers which you can insure against. Even before construction. This has nothing to do with own work.
Builder’s liability insurance is highly recommended; it protects against all dangers originating from the property or construction site, as long as you are the builder (see above) and someone is harmed. After moving in, private liability insurance takes over.
Strong private liability insurance policies can already include the services of builder’s liability insurance or cover, for example, undeveloped plots. However, there are often caps on the construction sum, so they may cover an extension or renovation, but not a typical new build. It’s worth checking.

The bank will want to see a fire shell insurance and later residential building insurance. The first is usually free for 12-18 months if you take out the latter.

A construction all-risk insurance can be especially useful when building with architects. It protects all installed materials against the risks that the residential building insurance would cover after occupation. For example, also vandalism, theft, or (gross) negligence during the construction phase.

If you perform own work or employ construction helpers, the issues of accident insurance and professional association (BG) are relevant.

Legal protection insurances for builders practically don’t exist. If you have them, they are expensive and heavily capped.

Sorry Vicky, but none of that is true at all. Legal protection insurance for builders is practically non-existent. If you have it, it is expensive and has strict limits.

Thank you for the information. Obviously, I have been doing everything wrong for the past 21 years.

Thank you for the information. Apparently, I have been doing everything wrong for the past 21 years.

I did not want to plunge you into an existential crisis. But when it comes to information about construction insurance, there is obviously a need for catching up.

If you recognize any mistakes in my post, I would be interested in having them pointed out.

I didn't want to throw you into an existential crisis.

too late!

well, now live with the bad conscience!