Necessary insurances during construction and afterwards

Construction all-risk insurance is, in my opinion, a luxury insurance – we wouldn’t have needed it retrospectively either.

For example, it is still not 100% clear to me what it is really necessary for. If something happens to any trade that is still in progress, or even if it is completed but not yet handed over, wouldn’t that still be covered by the executing craftsman’s insurance?

The bank requires protection against fire, storm/hail, and water damage. It is not quite clear to me whether this applies from the completion of the house or already during the construction phase.

Provider A: Building insurance = shell fire insurance during construction + protection against storm/hail as soon as the roof is on + protection against water damage as soon as the plumber has installed it. Free until the completion of the house, without construction all-risk package.

Provider B: Building insurance = only shell fire insurance during construction. You have to add the construction all-risk package if you want protection against storm/hail and water damage.

Which brings me back to the initial question of whether the protection required by the bank must already exist during the construction phase. If yes, provider A offers this sufficiently and free of charge during construction, whereas with provider B you have to pay hundreds of euros for it immediately. Also, provider B switches to building insurance as soon as the building shell is closed, long before the house is completed. That would mean: paying 460 EUR for 8 – 10 weeks of protection while the building shell is constructed, then it switches and over 400 EUR for the first year of building insurance become due again.

At least that’s how it appears to me, if I understand it correctly at all.

So for me, the regular residential building insurance with elemental damage started on 01.06 - before that, I had the fire shell construction insurance for free and an additional builder's liability insurance including legal protection for disputes around the neighborhood etc. for 30 euros.
I didn't order more - the builder's liability insurance even paid for damage to the neighbor (surge).

So for me, the regular residential building insurance with elemental damage started on 01.06.

So yesterday? How far along was the house at that time, which trades are still missing? I assume more than just the building shell is completed, but the house is not yet ready for occupancy? And how long did the free insurance run until it was switched yesterday? Sorry for the many questions.

Free insurance ran from the end of May until the day before yesterday, the house is almost finished - it has even already been broken into .

For example, it is still not 100% clear to me what it is really necessary for.

*This insurance protects you and the involved companies such as construction contractors and craftsmen from unforeseeable damages to the building to be completed during the entire construction period.

Covered are:

[*]all construction services, including own work
[*]all building materials and components including the essentially installed fixed building elements such as doors and windows
[*]external facilities except for garden facilities and plantings

Not covered are:

[*]mechanical equipment for production purposes
[*]construction equipment and hand tools
[*]land and development costs
[*]broker, architect, engineer, and authority fees
[*]pure performance defects like botched work
[*]theft or burglary of stored materials
[*]damage caused by normal weather conditions that are to be expected due to the season and local circumstances

*Source: since I was too lazy to write, taken from Dr. Klein


The construction performance insurance is often included in the service catalog of a reputable provider.


Best regards from the Rhineland

For example, it is still not 100% clear to me what it is really necessary for. If something happens to any trade that is still in progress, or even if it is completed but not yet handed over, then wouldn't that still have to be covered by the insurance of the executing craftsman?

I'll attach 2 pages from my offer as jpg files.