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The buildings insurance is an insurance policy to protect designated in the insurance policy buildings, outbuildings and garages. Separate buildings such as garden huts, therefore, require a corresponding special enclosure. Under certain circumstances, accessories are covered.

Risk hedging

It can be insured or in combination, the following risks alone: fire, water, storm and hail. In addition, other perils can be insured. Additionally you can, for example, over-voltage damage to building components co-insure (eg heating system, bell system ). Banks often require a building fire insurance to cover loans for credit- financed buildings. Since the abolition of compulsory and / or monopoly rights on July 1, 1994 ( implementation of the directives of the European Community on 18 June 1992) of the buildings insurer may be chosen freely to all risks in all of Germany.

The buildings insurance is made dynamic by means of the sliding factor replacement value, that is adapted to the performance of the buildings. Basically, the policyholder is responsible for an adequate sum insured to avoid underinsurance. From a sufficient sum insured is however assumed if this derives from certain procedures out about provision by building surveyor or the more common determination based on the value of the building in Mark 1914.

In the event of a total loss to an existing replacement value insurance claim of the policyholder receives first for payment of the fair value of the building. The difference between the insured replacement value will be refunded once the reconstruction of the destroyed building is operated proven.

In Switzerland, the building insurance is mandatory in most of the cantons ( just as there are in the GDR was the case ), the management is done by the cantonal building insurers. In the GUSTAVO cantons called the building insurance can be purchased with private insurance. Only in the cantons of Appenzell Innerrhoden ( with the exception of the district Oberegg ), Geneva, Valais and Ticino is not the building insurance is mandatory. Political advances to abolish the cantonal building insurance monopolies have been due to the long experience at least not bad all failed.

Criteria

Important for the assessment of the risks of a building and thus the amount of insurance premium are:

• The Construction Class
• Type of Dachung
• The exact place: There are in the running water, the storm and the elementary insurance risk zones that are contributing relevant. The exact location can also when determining the value ( different regional Baupreiskostenindizes ) play a role.
• The use
• The equipment