Yes. In Belgium, fire insurance for co-ownership properties is legally required.
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Solutions
Insurance for apartment building
Insuring an apartment building requires more than a standard fire insurance policy. Co-ownership brings specific risks, responsibilities, and legal obligations.
That's why Van Dessel developed VD Building: a specialized insurance solution for property managers, associations of co-owners (ACPs), and apartment buildings.
With VD Building, you benefit from broad protection for the building, the co-ownership, and all involved parties.
What is an apartment building insurance?
An apartment building insurance is a specialized insurance solution for apartment buildings and co-ownerships. Van Dessel developed VD Building for this purpose.
The policy combines various coverage options tailored to the risks of residential buildings with multiple owners and residents.
The insurance can offer protection for, among other things:
- Damage to the building such as fire, water, and storm damage
- Civil liability of the co-ownership
- Technical installations and common areas
- Legal disputes relating to the co-ownership
Thanks to this integrated approach, syndics and co-owners have a tailor-made solution for apartment buildings.
What are the benefits?
Covers damage to the apartment building and common areas.
Covers the liability of the co-ownership and the property manager.
Covers legal and technical risks related to apartment buildings.
Covers the financial consequences of incidents that can lead to significant losses.
Who is this insurance for?
VD Building is developed for:
- Associations of co-owners (ACOs)
- Property managers
- Owners of apartment buildings
- Real estate investors
- Residential co-ownerships
- Mixed-use buildings with residential and commercial units
The solution is suitable for both small apartment buildings and larger residential complexes.
What is covered and what is not?
What is covered
- Fire, storm and water damage
- Damage to the common areas
- Third-party liability of the co-ownership (owners' association)
- Glass breakage and damage to technical installations
- Legal expenses cover and dispute resolution
- Damage caused by natural disasters
What is not covered?
- Damage resulting from intentional acts
- Damage caused by deferred or inadequate maintenance
- Damage to the private contents of residents
- Normal wear and tear
- Undeclared risks or installations
How much does this insurance cost?
The premium is determined based on various factors, such as:
- The value of the building
- The number of apartments
- The presence of commercial spaces
- Claims history
- The selected coverages and deductibles
A correct valuation of the building is essential to avoid underinsurance.
Van Dessel guides property managers and co-owners in a proper risk analysis and suitable coverage.
Stories from our customers
Groep Steylaerts
Patrick Steylaerts: “Wij hebben het volste vertrouwen in onze verzekeringspartner Van Dessel.”
Germo bvba
Bram Gers: "Vooral het maatwerk is de reden waarom ik met Van Dessel in zee ben gegaan."
Van Wellen Group
Tom Bolsens: "We waren verrast dat er uit zo'n kleine hoek dreiging kon komen."
Our promise to you
Personal & involved
a tailor-made partner
We start from your specific situation and take the time to thoroughly understand your risks, needs, and objectives. This way, you receive advice and guidance tailored to your business and everyday practice.
Expertise & experience
already 80 years in insurance
Thanks to our years of experience, we analyze your risks and insurance needs with a broad perspective. We provide a well-thought-out approach, clear solutions, and the right protection for your business.
Customization & innovation
beyond standard insurance
No standard formulas, but solutions tailored to your activities and challenges. From analysis and implementation to support in case of claims: we provide an approach that works in practice.
Would you like to receive a quote?
Are you a property manager or caretaker of an apartment building and would you like to compare or optimize your current insurance policy?
Or are you looking for a specialized solution for your co-ownership?
Our specialists are happy to advise you and will provide you with a clear quote tailored to your building.
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