{"id":6802,"date":"2024-08-14T16:09:54","date_gmt":"2024-08-14T14:09:54","guid":{"rendered":"https:\/\/www.appartement.be\/home-insurance-what-damage-does-it-cover\/"},"modified":"2024-08-14T16:09:54","modified_gmt":"2024-08-14T14:09:54","slug":"home-insurance-what-damage-does-it-cover","status":"publish","type":"post","link":"https:\/\/www.appartement.be\/en\/home-insurance-what-damage-does-it-cover\/","title":{"rendered":"Home insurance: what damage does it cover?"},"content":{"rendered":"<p><em><span style=\"font-weight: 400;\">When you own or rent a home in Flanders, it is very important to be properly insured. Home insurance protects you against various risks, including fire and water damage. In this article, we give an overview of the cost of such insurance and what damage it covers.  <\/span><\/em><\/p>\n<h2><b>What damages does home insurance cover?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Home insurance is an essential part of owning or renting a home. It provides peace of mind and protection against unexpected events that can cause significant financial loss. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Home insurance, also known as fire insurance, typically covers the following damages:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Fire and smoke damage.<\/b><span style=\"font-weight: 400;\">: Damage caused by fire, smoke and explosions.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Water damage<\/b><span style=\"font-weight: 400;\">: Damage from leaks, flooding (depending on the policy) and broken pipes.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Storm and hail damage:<\/b><span style=\"font-weight: 400;\"> Damage caused by extreme weather such as storms, lightning and hail.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Burglary and Theft:<\/b><span style=\"font-weight: 400;\"> Compensation for theft and damage caused by burglary.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Vandalism: <\/b><span style=\"font-weight: 400;\">Damage caused by vandalism to the home.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Glass damage:<\/b><span style=\"font-weight: 400;\"> Breakage of windows and other glassware.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Liability:<\/b><span style=\"font-weight: 400;\"> Damage caused by the home to third parties.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The above coverages form the core of most home insurance policies. However, depending on the insurer and the package chosen, additional coverages may also be included. <\/span><\/p>\n<h2><b>How much does home insurance cost?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The cost of home insurance varies widely based on several factors, such as the size and value of the home, location, type of home (apartment, townhouse, detached house), and the coverage desired. Below, we discuss costs in different scenarios: <\/span><\/p>\n<h3><i><span style=\"font-weight: 400;\">Basic coverage<\/span><\/i><\/h3>\n<p><span style=\"font-weight: 400;\">Basic insurance provides the minimum coverage that usually only covers core risks such as fire, water damage, and storm damage. For an apartment in an average Belgian town, basic insurance costs about 200 to 300 euros per year. For a larger, detached home, this can reach 400 euros per year.  <\/span><\/p>\n<h3><i><span style=\"font-weight: 400;\">Comprehensive insurance<\/span><\/i><\/h3>\n<p><span style=\"font-weight: 400;\">In addition to basic coverage, comprehensive insurance includes extras such as burglary and theft, glass damage and damage to the building after a break-in, vandalism or an accident. The cost of comprehensive insurance for an apartment ranges between 300 and 500 euros per year. For a detached house, it can be between 500 and 700 euros per year.  <\/span><\/p>\n<h3><i><span style=\"font-weight: 400;\">All-risk insurance<\/span><\/i><\/h3>\n<p><span style=\"font-weight: 400;\">All-risk insurance provides the most complete coverage, including unexpected and unforeseen events not included as standard in basic or comprehensive coverage. For an apartment, all-risk insurance costs between 500 and 800 euros per year. For a detached home, the cost can reach 1,000 euros or more per year.  <\/span><\/p>\n<figure id=\"attachment_4148\" aria-describedby=\"caption-attachment-4148\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4148 size-large\" src=\"https:\/\/www.appartement.be\/wp-content\/uploads\/2024\/07\/pexels-mikhail-nilov-7731373-1024x677.jpg\" alt=\"Home Insurance\" width=\"1024\" height=\"677\" srcset=\"https:\/\/www.appartement.be\/wp-content\/uploads\/2024\/07\/pexels-mikhail-nilov-7731373-1024x677.jpg 1024w, https:\/\/www.appartement.be\/wp-content\/uploads\/2024\/07\/pexels-mikhail-nilov-7731373-300x198.jpg 300w, https:\/\/www.appartement.be\/wp-content\/uploads\/2024\/07\/pexels-mikhail-nilov-7731373-768x507.jpg 768w, https:\/\/www.appartement.be\/wp-content\/uploads\/2024\/07\/pexels-mikhail-nilov-7731373-1536x1015.jpg 1536w, https:\/\/www.appartement.be\/wp-content\/uploads\/2024\/07\/pexels-mikhail-nilov-7731373-2048x1353.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-4148\" class=\"wp-caption-text\">Image: 2 people with laptop and contract<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<h2><b>Factors affecting the premium<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The premium of a home insurance policy is influenced by several factors:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Housing type:<\/b><span style=\"font-weight: 400;\"> Detached houses tend to be more expensive to insure than apartments.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Location: <\/b><span style=\"font-weight: 400;\">Housing in high-risk areas (such as flood prone zones) may have higher premiums.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Security measures:<\/b><span style=\"font-weight: 400;\"> Homes with good security systems may receive lower premiums.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Year of construction and condition of the home: <\/b><span style=\"font-weight: 400;\">Older homes or homes in poor condition can be more expensive to insure.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Excess:<\/b><span style=\"font-weight: 400;\"> A higher deductible can lower the premium.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/economie.fgov.be\/nl\/themas\/financiele-diensten\/verzekeringen\/brandverzekering-en\" target=\"_blank\" rel=\"noopener\">Home insurance<\/a> is a necessary protection against many risks that have significant financial impact. It is important to choose the right coverage that fits your specific situation and needs. Whether you choose basic insurance or comprehensive all-risk coverage, comparing different providers and policies will help you find the best protection at the most favorable premium.  <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stay up to date with the latest tips and advice on living and insurance at <a href=\"https:\/\/www.appartement.be\/\">apartment.be<\/a>. Safe living starts with good preparation and the right insurance! <\/span><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Would you like to cite this article as a source? Then use: <\/strong><\/p>\n<p><em>Luyckx, S. (2024, Aug. 14). Home insurance: what damage does it cover? Apartment.com. Consulted on (date XX\/XX\/202X), from https:\/\/www.appartement.be\/de-woningverzekering-welke-schade-dekt-het\/ <\/em><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Related articles:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/www.appartement.be\/verantwoordelijke-brand-huurappartement\/\">Who is responsible if a fire breaks out in my rental apartment?<\/a><\/li>\n<li><a href=\"https:\/\/www.appartement.be\/kosten-voor-huurder-of-verhuurder\/\">Are costs for tenant or landlord: Who pays what?<\/a><\/li>\n<\/ul>\n<p>&nbsp;<br \/>\n<iframe loading=\"lazy\" title=\"De woningverzekering: welke schade dekt het\" src=\"https:\/\/assets.pinterest.com\/ext\/embed.html?id=657947826843253723&#038;src=oembed\" height=\"775\" width=\"450\" frameborder=\"0\" scrolling=\"no\" ><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When you own or rent a home in Flanders, it is very important to be properly insured. Home insurance protects you against various risks, including fire and water damage. In this article, we give an overview of the cost of such insurance and what damage it covers. What damages does home insurance cover? Home insurance [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":6320,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1120,1127],"tags":[1121,1952,1956,1955,1954,1953,1129],"class_list":["post-6802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buy","category-rent","tag-buy","tag-damage","tag-fire-insurance","tag-home-insurance-en","tag-home-insurance","tag-insurance","tag-rent"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.appartement.be\/en\/wp-json\/wp\/v2\/posts\/6802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.appartement.be\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.appartement.be\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.appartement.be\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.appartement.be\/en\/wp-json\/wp\/v2\/comments?post=6802"}],"version-history":[{"count":0,"href":"https:\/\/www.appartement.be\/en\/wp-json\/wp\/v2\/posts\/6802\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.appartement.be\/en\/wp-json\/wp\/v2\/media\/6320"}],"wp:attachment":[{"href":"https:\/\/www.appartement.be\/en\/wp-json\/wp\/v2\/media?parent=6802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.appartement.be\/en\/wp-json\/wp\/v2\/categories?post=6802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.appartement.be\/en\/wp-json\/wp\/v2\/tags?post=6802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}