What is the difference between third-party and household insurance?
Third-party insurance and household insurance are sometimes mixed up, but these are two different insurances. Often, these insurances are taken out together. Here, we explain exactly what is covered by household contents insurance and in which situations it is wise to have liability insurance.
Third-party insurance or liability insurance?
When reference is made to third-party insurance, this is generally taken to mean liability insurance for private individuals. Third-party insurance is compulsory insurance for cars or motor vehicles. Without third-party insurance, you are not allowed on the road. With third-party insurance for private individuals, you are insured for damage that you cause to others. Although this is not compulsory, it is wise to take it out anyway. For a small amount per month, you already have a wide coverage.
What is covered by my liability insurance?
It may happen that you unintentionally cause damage to the belongings of another person or to that person himself. For example, you drop a glass of wine on the neighbour's snow-white carpet. Your five-year-old son accidentally knocks over an expensive vase at your aunt's house. Or you misstep and bump into someone, causing them to fall to the ground and break their hip. In these situations, you can be held liable for the damage. A liability insurance offers coverage for these damages.
What does my home contents insurance cover?
Contents insurance is insurance that pays for damage to your own belongings in your home such as your furniture, clothing and home accessories. In fact, all the things that are not connected to your house. With contents insurance, your possessions are insured for water damage or damage caused by fire, for example . But damage caused by burglary or theft is also covered under your household contents insurance. The coverage amount of the contents is determined on the basis of the value of the contents. The premium of a contents insurance depends on the insured amount.
Difference between third-party insurance and household insurance
What exactly is the difference between third-party insurance/liability insurance and household insurance? With a household insurance, the damage to your own belongings is covered. With a third-party insurance/liability insurance, the damage caused by you or your family members to others is covered.
Can I take out third-party and household insurance together?
If you go to compare home contents insurance through Alpina, you can also purchase liability insurance in the process. You can also purchase liability insurance on its own or as part of a so-called home insurance package. In a home insurance package, you can add all kinds of coverages that apply to you. You can think of a home insurance, building insurance, travel insurance, and so on.
You often get a discount when you take out several insurances (also called categories) in one (home) package. The more insurance policies you take out, the more discount you will receive. This is called a package discount. This can provide you with nice savings. Also, in case of damage, it is easier when the insurances run through the same insurer. This makes it a lot easier for you as well.
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