One or two builders?

Hello everyone,

I have read a lot here, but I couldn't find an answer to my question

We (my wife and I) want to build.

Does it make a difference to the insurance companies whether only I or both of us are the builders?
Do you have to take out two policies then?
How have you handled this?

Thank you very much!

Best regards, Micha

Which insurance do you mean? Presumably, in roughly 99% of cases involving married couples, both are simultaneously builders, loan debtors, and owners.

I mean all insurances related to house construction. Legal protection, liability, ...

The property is insured...

Hi,

Hello everyone,

Does it make a difference for the insurance companies whether only I or both of us are builders?
Do you have to take out double insurance then?
How have you handled it?

Of course, it doesn't make a difference. You might have to specify both owners on the insurance policy, but only one insurance is taken out for a construction project.

You will probably only have one joint household insurance policy for your apartment, right?

Best regards,

Andreas

I mean all insurances related to house construction.
Legal protection, liability, ...

As a builder you need
- Builder's liability insurance
- Fire shell construction insurance
- If applicable, construction performance insurance

As an owner-occupier:
- Residential building insurance
- Optional household contents insurance

In most cases, the fire shell construction insurance will be incorporated into the residential building insurance. These insurances apply to the property; they are only taken out once.

As a risk-aware citizen (owner or tenant) you need
- Private liability insurance

As a family, for example, we have one (!) "extended household contents insurance," which includes private liability insurance for parents and children (talk to your insurance company!).

Risk-averse people then take out occupational disability insurance (this insures individual persons). In my opinion, legal protection is only considered afterwards.