Questions about builder insurance

You still have to be careful about what is included in the packages. Because that also makes a big difference in price. The cheapest ones usually (not always) lack many services. So always read the fine print if you compare online.

At Huk, I was now told that a construction all-risk insurance is not offered and that I would not need it either. Contractor liability insurance should cost a maximum of €109 for 2 years. Building insurance (including fire shell construction) without storm/flood damage is €190 per year.

Just because Huk does not offer something like that (indeed, they do not) does not mean that it cannot be useful.

And whether you need it or not is always up to you to decide.

Example? Ok!

I build with an architect and individual trade contracts. Material on the construction site that has not been installed belongs to the respective craftsman. Installed material up to acceptance belongs to me but must be protected by the craftsman until acceptance. After acceptance, it is insured in its installed state by the residential building insurance.

In theory, everything is great and you don’t need construction performance insurance.

In practice, the client and craftsman now argue about whose fault it is that 10 tons of sand-lime bricks have disappeared from the construction site... so what. An insurance covers resulting damages or defends against unjustified claims.

Topic closed and much relaxation for 100 euros.

You still have to be careful about what the packages include. Because that also makes a big difference in price. The cheapest usually (but not always) lack many services. So always read the fine print if you compare online.

That is definitely true. We handed the offer to the insurance broker we trust, as it was significantly cheaper than anything he could offer us.

He then examined it closely and found it so good that since that day he has had a framework agreement with the insurance company and now primarily offers this company when it comes to insuring a new construction project.

@Toxi:

100 euros? I had offers from 500-700 euros - and I did not take out a construction all-risk insurance. Personally, I also consider it pointless for myself for exactly the reasons you mentioned - it also always depends on the area where you are building. In a large new development area with appropriate infrastructural connections, I might also think twice...

At Huk, I was now told that a builder's all-risk insurance is not offered and that I would not need one either. Builder's liability insurance should cost a maximum of €109 for 2 years. Building insurance (including fire during shell construction) without storm/flood damage is €190 per year.

We also first inquired at HUK because all our insurances are with HUK. We then took out the builder's all-risk insurance separately elsewhere, as it is, as you already wrote, not offered by HUK. Allianz and smaller online providers mostly even offer this including shell construction insurance. But since the shell construction insurance later transitions into the building insurance, we still did it with HUK.

We also thought about it for a long time and decided on it because we might also place tiles and other things in the house at times, and what if something goes missing?