Your home is usually the biggest investment you will make in your life. Whether you have a single-family house, an apartment block or a holiday home, as the owner you have to bear all the financial risks. That’s why it’s essential to have cover against potential damage, e.g. from a fire, storm or high water. Building insurance enables you to protect your building and any outbuildings for their reinstatement value.
Building property insurance covers risks not included in the compulsory building insurance of your particular canton. Example: Cantonal insurance covers only water damage due to flooding. So damage due to broken pipes or a leaky roof are excluded. By contrast, Helvetia building property insurance covers these financial risks too.
Building insurance covers
Your building is insured at its reinstatement value. That means, if it is damaged, Helvetia will reimburse the cost of constructing a building of the same type. The insurance covers, for example, doors, heating systems, solar installations, toilets and built-in cupboards. On the other hand, moveable furnishings and household contents are not covered.
The following risks are insured:
Supplementary cover allows you to tailor your insurance protection to meet your individual needs.
As earthquake is not one of the statutory natural forces, it is not covered by natural forces insurance. Supplementary insurance for this risk covers the financial impacts of earthquakes as well as direct consequential damage occurring within seven days of the earthquake event.
The earthquake risk in Switzerland is in the medium range for Europe. Severe earthquakes are possible up to a magnitude of seven on the Richter scale. Even events with a magnitude of five can cause minor to medium damage to buildings.
Cover for locating, uncovering and repairing pipes
Insure the costs you could face
• to locate, uncover and repair burst pipes
• to wall in or cover up repaired pipes.
Because work of this kind is time-intensive and thus costly.
This supplementary insurance covers damage to buildings, equipment, building technology and building infrastructure caused by unforeseeable events. These include civil commotion, malicious damage and vandalism as well as damage caused by martens, rodents, insects and wild animals.
Make sure to include the surroundings of your building in your insurance. That means, for example, summerhouses, driveways and gardens as well as the trees and lawns on your land. Cover extends to damage caused by fire or natural forces.