Liability insurance when renting out a property
A liability insurance is insurance that covers you if you cause damage to another person or other people's property. Basically, this is insurance for you as an individual. The moment you rent out your property , in many cases you are no longer considered a private individual. This means that your private liability insurance may not provide sufficient coverage, which can have major financial consequences for you.
Take out liability insurance? Calculate the premium right away!
Conditions of liability insurance rental property
The moment you rent out your property and make money from it, you are no longer a private individual to the insurer. This may mean that your private liability insurance does not provide sufficient coverage. Therefore, the first thing you should do is inform your insurer that you will be renting out your home. They can tell you whether your liability insurance (AVP) still suits your situation. Each insurer has specific terms and conditions regarding rental properties. You may have to pay an additional premium on your private liability insurance. Or you may need to purchase business liability insurance (AVB).
Take out liability insurance? Calculate the premium right away!
Big risks for the landlord
The tenant may, of course, incur damage to his or her belongings. This is property damage, which is annoying but probably manageable. You can also be held liable the moment the tenant suffers physical injury from your belongings or home.
Suppose a tenant falls down your stairs because a step is not properly secured and suffers a permanent injury. Or the tenant suffers carbon monoxide poisoning or is injured in a fire. You understand in these cases the financial consequences are incalculable.
Rental property and other home insurance?
What about other home insurance policies when renting out your home? Both your home contents insurance and your buildings insurance may be affected. The moment you rent out your home, you must report this to your insurer. Even if you rent out your home temporarily when you go on vacation, for example.
What to do when renting out your property
Do you own your own home and rent it out? Then contact us to check if your liability insurance still suits your situation. You can reach us Monday through Friday during office hours via chat. Or by phone on 088 688 3711.
Never underinsured
Put together your own package
A wide range
We compare all insurers for you, saves time again
Help from our experts
Can't figure it out? Our experts are always ready to help you
We can be reached via chat, WhatsApp, phone or email
Questions? Contact us if you want to know more.
We are here Monday to Friday from 08:00 to 18:00.