The Dutch insurance market
In the Netherlands, there are many parties active in the insurance market. In addition, you can take out insurance yourself directly with an insurer or you can have an insurance advisor assist you. Finally, there are many different types of insurance. We would like to give you an overview of the most common types of insurance in the Netherlands.
When it comes to your home, the most important insurance policies are home insurance and contents insurance. Home insurance insures you against damage to your home and the things attached to it. Contents insurance is there to insure the items in your home. Depending on the insurer or the coverage you choose, your belongings are also covered outside your home. You can also get accident insurance, for when you accidentally drop your phone on the kitchen floor.
If you take to the road in a car, motorcycle, moped or other motorized vehicle, you are obliged to take out third-party liability insurance. In that case you are insured for the damage you cause to others or the vehicle of others. If you wish, you can expand the coverage of your insurance policy to include damage to your own vehicle or even the damage to your vehicle if the damage is your fault.
The most important insurance for your family is liability insurance. This insures you and your family members if they are held liable for damage to the belongings of others or to others themselves. In addition, an accident insurance for your family is possible. This insurance pays out a lump sum when a family member dies or becomes disabled due to an accident. You can also take out legal expenses insurance to insure against the cost of legal fees if you are faced with a legal conflict.
Do you like to go out in your spare time? Then travel insurance might be a good option for you. With this you are covered for damage to you or your belongings during a trip. That could be a vacation, but also a weekend away. You can choose between a short-term or a continuous travel insurance. A short-term travel insurance covers you for each vacation or trip and with a continuous travel insurance you are insured throughout the year for accidents during your trip. An insurance that is often used in combination with travel insurance is cancellation insurance. With this you are insured for the costs of your trip (such as airfare and accommodation) when you suddenly have to cancel your trip due to urgent reasons.
Often the different insurances that someone needs are summarized in a package. The advantage of this is that you only pay one premium for all your insurances and you also get a package discount. The more insurances in your package, the more discount. With some insurers that discount can be as much as 12%.
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