Secure your dream home: The most important insurance policies when building!

Secure your dream home: The most important insurance policies when building!

When building or renovating a home, it is essential to check the insurance coverage carefully. Such projects involve additional risks that cannot be ignored, such as injuries to visitors or break-ins through unsafe windows and doors. According to the South German newspaper Builders should therefore consider a range of insurance policies.

Builder’s liability insurance plays a central role. In larger construction projects, builders are often legally responsible for damage that occurs during construction work. This insurance covers personal injury, property damage, financial loss and environmental damage that may occur on the construction site. In contrast, private liability insurance usually only applies to smaller projects up to 100,000 euros, which makes it insufficient for extensive construction projects.

Construction services and necessary insurance

However, construction insurance is often difficult to obtain, but offers certain protection against unforeseeable damage such as vandalism or natural events. The Check24 Platform recommends, in particular, taking out builder's liability insurance before construction begins. This insurance also acts as passive legal protection insurance, which takes effect in the event of unjustified claims from third parties.

Builders should also not neglect their homeowners insurance, which covers damage from lightning, fire, storms, tap water and hail. It is important to report any change in the value or living space of the property to the insurance company, especially during renovation projects, to ensure protection is maintained. In addition, builders are also obliged to register helpers with the construction trade association in order to avoid fines.

Protection for construction site residents

Construction worker accident insurance is also recommended if friends or acquaintances help with the renovation work. This ensures that in the event of an accident, medical costs are covered. In addition, private accident insurance is advisable for builders in order to be protected themselves. Home contents insurance should also be adjusted to take into account changes such as scaffolding or temporary uninhabitability.

In particular, builders' liability insurance ensures that builders are covered in the event of liability issues. This includes liability damages and claims for damages that arise from the violation of the traffic safety obligation. However, intentional damage or claims by construction workers are not insured, which is something builders should consider before taking out insurance.

The recommended coverage for builder’s liability is at least five million euros. The costs start at around 33 euros and vary depending on the construction sum and your own work. If your own contributions exceed 20,000 euros, an increase in the insurance premium may be necessary. To ensure optimal financial security, it is advisable to take out appropriate insurance in a timely manner and to be clear about all relevant aspects.