Home insurance for a flat or a terraced house

Your movable property is always insured at If at full value. This means that the total value of your property is not estimated when buying the insurance, but only after the damage has occurred.

Maximum amounts of compensation are defined for some item groups, such as valuables and bicycles. On the extensiveplus level, the compensation for an individual item can be up to 17 000 euros. At the extensive and basic levels, the maximum compensation for a single item is 5 000 euros.

Damage to electric and normal bicycles is reimbursed up to 5 000 euros. A bicycle that is damaged during sports or exercise will not be reimbursed.

Please see the maximum amounts of compensation for other groups of items in the product guide and terms and conditions. If you have a bicycle or other property that is more valuable than normal, you can insure them separately by contacting our customer service.

Liability insurance reimburses property damage and personal injuries caused to a person who is not a member of the insured person’s household, provided that the insured is legally liable for the damage. Typical liability losses include damage caused by children and while riding a bicycle. Liability losses are reimbursed to up to 200 000 euros.

If you want liability insurance to also cover damages for which you are not legally liable but in which you are involved or where the damage is caused by an item you own, please contact our customer service.

Legal expenses insurance reimburses attorney’s fees and legal expenses related to private civil and criminal cases to up to €10,000. Typical types of covered civil cases include disputes related to home and real estate transactions. The deductible for legal expenses cover is 20% of the costs and at least 170 euros.

Things don’t always go as planned, and you may lose a court case and be ordered to pay the legal expenses of the other party. After purchasing the insurance, you can extend your legal expenses insurance to also cover these costs on your My Pages.

 Liability and legal expenses insurances cover the policyholder and persons living permanently in the same household.

We cover losses due to theft, vandalism, burglary or robbery at your home or outside it.

Examples:

• When you return home from a trip, you notice that your home has been broken into. The front door has been broken and some of your property taken. We will compensate for the stolen property.
• You have left your bicycled locked at a railway station. When you return to the station your bicycle is gone. We will compensate the monetary value of the bicycle.

We cover damage caused by fire, smoke, electrical phenomena (such as a short circuit) and natural perils such as floods and storms.

Home insurance covers damage to permanent fixtures, including floor surfaces, wallpaper, kitchen cabinets and bathroom fixtures. The real estate insurance of the housing company covers structural damage, such as drying of concrete floors.

Examples:

• Strong wind damages furniture on the balcony. We reimburse the value of the broken items.
• Flood water enters the basement storage rooms and destroys your property. We reimburse the value of the property.
• The dishwasher suddenly drains on the parquet floor. We reimburse the drying and the installation and materials for a new parquet. Extensive coverage also reimburses the repair and replacement of the dishwasher.

If home insurance covers permanent fixtures of your home in covered events. Permanent fixtures include floor surfaces, wallpaper, kitchen cabinets and permanent bathroom fixtures, for example.

Example: Your dishwasher unexpectedly releases water onto your laminate kitchen floor. The insurance covers renovation of the laminate floor and kitchen cabinet framework. Repair or replacement of the broken dishwasher is covered as damage to movable property under extensive or extensiveplus home insurance (see Breakage, falls, dents and other unexpected damage). Repair or replacement of the dishwasher is not covered under Basic home insurance.

The real estate insurance of the housing company covers structural damage, such as drying of concrete floors.

The maximum compensation for permanent fixtures is 10 000 euros.

If your home becomes uninhabitable due to a fire, water damage or other insured event and you need to temporarily live somewhere else, we will compensate up to 85 % of the costs accrued from temporary accommodation.

We can also provide help with finding temporary accommodation and your wishes on matters such as location and parking space are taken into account.

Example: A fractured pipe causes water damage to your floor and it needs to be replaced. You cannot live in your home during the two-week drying and renovation project. We will compensate 85 % of your additional acommodation costs until the renovation work is completed.

Temporary accommodation can be covered for up to 12 months. It is also possible to claim compensation for moving costs and costs from storage of movable property during renovation.

Home insurance covers movable property that breaks suddenly and unexpectedly in any situation.

There is no separate list of causes for covered losses. You will be compensated as long as the loss was sudden and unexpected. (The insurance does not cover wear and tear caused by regular use, slow corrosion or items broken on purpose, for example.)

Examples of covered losses:

• Your mobile phone falls onto the pavement and the screen breaks
• Your dishwasher or washing machine suddenly breaks
• Your television falls over when you are hoovering
• Your camera falls into water from a rowing boat
• Smoke comes out of your laptop and it will not turn back on

The age of items affects the amount of compensation in case of damage. In extensiveplus-level the affect is the smallest so you get bigger compensation. 

Normally the value of an item decreases every year after the purchase. For example in home appliances and bicycles the value decreases 9 %. glasses 15 % and mobile phones 25 % per year.

In extensiveplus-coverage you get an extra 1-3 years with no decrease in the value depending on the item.

If your home insurance is in another company and you change to If's extensiveplus, we promise you get at least what your current home insurance would cover. We dare to promise this as the extensiveplus-coverage is so wide. This promise is valid for 2 years.