Homeowners insurance for multi-family buildings is essential for property owners. It protects your building against damage from fire, water leaks, storms, hail, and other risks. Inadequate insurance coverage can lead to significant financial losses in a worst-case scenario. Therefore, it is important to regularly check whether your policy is still up-to-date.

Important criteria for a good multi-family home insurance policy

1. Comprehensive coverage: In addition to fire, tap water, storm and hail, natural hazards such as flooding or landslides should also be covered.

2. Replacement cost coverage: In the event of damage, the insurance company should cover the full cost of repair, without deductions for age or wear and tear.

3. Rent loss insurance: If apartments become uninhabitable after damage, rent losses should be compensated.

4. Glass breakage insurance: Glass insurance is particularly useful for large window areas or conservatories.

5. Gross negligence coverage: Make sure that damages caused by gross negligence are also covered.

6. Flexible adaptation: Insurance terms and premiums should be adaptable to changing circumstances, e.g., after modernizations.