How do you calculate the amount to be paid in the event of a claim?

We will cover the replacement value of the building. Meaning? We will cover the cost of rebuilding an identical building at the exact same location.

Replacement value is affected by the material used for the construction of the building. If the house has standard construction, we calculate €1,300 per square meter. If it has excellent construction, the rate goes up to €1,500 per square meter. Finally, if the house has luxury construction, we compensate €1,700 per square meter.

Replacement value may differ from market value.

For contents, we will pay the cost of replacing each item separately with a new item of the same quality and usage up to the limit stated in the Terms & Conditions of Insurance.