Insurance broker / Vacant property insurance / Policy wording archive Vacant property cover
GEV Basis 2023: the policy wording in full
Wohngebäudeversicherung Protect+ Basis (VGB 2023) zum gleitenden Neubauwert gegen Feuer, Leitungswasser, Sturm und Hagel; Leerstand ist anzeigepflichtige Gefahrerhöhung.
German market: tariffs for people living in Germany.
Done in two minutes: your details are enough, we take care of the rest.
- Free for you, same price as going direct
- 4.97 out of 5 stars from 5,048 reviews
- On your side when you claim
Take out this policy through NAMMERT
You have already worked out with your AI what fits you.
All we need now are your details and a few answers.
We prepare your application with GEV.
- AI has advised
- 2Your details
- Application to GEV
Thank you, we have your application.
We prepare it with GEV and get back to you with the documents.
Everything about this policy
What the policy covers: 59 points, each with its clause
Quotes are shortened.
The full German wording of each point is on the German page for GEV Basis 2023.
Basics
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Insured value of the building (indexed new value, new value, current value or market value) | yes | „Versichert ist der ortsübliche Neubauwert der im“ | A 14.1.1, page 7 |
| Vacant building expressly insurable (own policy or vacancy clause) | not addressed | ||
| From when the building counts as vacant or unoccupied (number of days or months) | yes | „Das Gebäude oder der überwiegende Teil des Gebäudes wird nicht mehr genutzt.“ | A 22.1.2, page 10 |
| Maximum covered vacancy period | not addressed | ||
| Reasons expressly named (inheritance, sale, renovation, care home, change of tenant) | not addressed | ||
| Partial vacancy (individual flats or parts of the building) addressed | yes | „Nicht genutzte Gebäude oder Gebäudeteile müssen zu jeder Jahreszeit genügend häufig …“ | A 21.1.2, page 9 |
| Vacancy during conversion or renovation covered | yes | „Baumaßnahmen am Gebäude führen dazu, dass es überwiegend unbenutzbar wird.“ | A 22.1.4, page 10 |
| Uninhabitable or dilapidated buildings excluded | none | „Bei Gebäuden, die zum Abbruch bestimmt oder sonst dauerhaft entwertet sind, ist nur …“ | A 14.3, page 7 |
Perils covered while vacant
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Fire (fire, lightning, explosion, implosion) while vacant | yes, up to the sum insured | „Brand, Blitzschlag, Überspannung durch Blitz, Explosion, Implosion, Anprall oder …“ | A 1.1, page 3 |
| Arson by third parties while vacant | not addressed | ||
| Escape of water while vacant | yes, up to the sum insured | „Leitungswasser ist Wasser, das bestimmungswidrig ausgetreten ist“ | A 4.2, page 3 |
| Frost damage to pipes and heating while vacant | yes, up to the sum insured | „frostbedingte und sonstige Bruchschäden an Rohren“ | A 4.3.1, page 4 |
| Storm and hail while vacant | yes, up to the sum insured | „Ein Sturm ist eine wetterbedingte Luftbewegung“ | A 5.1.1, page 3 |
| Other natural hazards while vacant | yes, up to the sum insured | „Protect+ Elementar“ | C1, page 1 |
| Vandalism and malicious damage while vacant | not addressed | ||
| Burglary damage to the building (doors, windows, locks) while vacant | not addressed | ||
| Theft of fixed building parts (copper, boiler, fittings) | not addressed | ||
| Glass breakage while vacant | yes, up to the sum insured | „Protect+ Glasbruch“ | C2, page 1 |
| Squatting, damage by unauthorised occupants and eviction costs | not addressed |
Restrictions and reductions
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Cover excluded or suspended during vacancy | not addressed | ||
| Only limited perils while vacant (for example only fire, storm, hail) | not addressed | ||
| Indemnity limit or reduction while vacant | not addressed | ||
| Special deductible while vacant | not addressed | ||
| Premium surcharge or adjustment for vacancy addressed | none | „wenn der Versicherer statt der Kündigung ab dem Zeitpunkt der Gefahrerhöhung einen …“ | B 3.2.5.3, page 16 |
| Waiver of reduction for gross negligence | not addressed | ||
| Contents, valuables or cash excluded in the unoccupied building | not addressed |
Owner's obligations
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Vacancy must be notified (increase in risk), deadline | none | „muss der Versicherungsnehmer dem Versicherer unverzüglich anzeigen, nachdem er von ihr …“ | B 3.2.2.3, page 16 |
| Regular inspections required (interval in days or weeks) | none | „Nicht genutzte Gebäude oder Gebäudeteile müssen zu jeder Jahreszeit genügend häufig …“ | A 21.1.2, page 9 |
| Proof or log of inspections required | not addressed | ||
| Shut off and drain water pipes | none | „Außerdem sind dort alle wasserführenden Anlagen und Einrichtungen abzusperren, zu …“ | A 21.1.2, page 10 |
| Heat during the cold season or drain the heating system | none | „In der kalten Jahreszeit müssen alle Gebäude und Gebäudeteile beheizt werden. Dies ist …“ | A 21.1.3, page 9 |
| Keep the building locked and secured (doors, windows, access) | not addressed | ||
| Remove combustible waste and objects | not addressed | ||
| Switch off electricity or gas (except for heating and alarm) | not addressed | ||
| Duty of care (snow clearing, gritting, trees, roof) still to be met | not addressed | ||
| Consequences of a breach of obligations (reduction by fault, causality) | yes | „Der Versicherer ist berechtigt zu kündigen. Außerdem kann er ganz oder teilweise …“ | A 21.2, page 10 |
Costs and additional benefits
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Clearance and demolition costs | yes, up to the sum insured | „Aufräumungs- und Abbruchkosten;“ | A 12.1.1, page 1 |
| Costs of emergency securing (boarding, temporary glazing, guarding) | yes, up to the sum insured | „Für das vorläufige Verschließen von Öffnungen (Notverschalungen, Notverglasungen)“ | C 2.4 a), page 22 |
| Leak detection and excavation costs | not addressed | ||
| Extra costs for lost water and frost protection | not addressed | ||
| Loss of rent or use after a loss | yes, up to the sum insured | „dem Räume nicht benutzbar sind, höchstens aber für 12 Monate“ | A 13.2.1, page 6 |
| Graffiti on external walls | not addressed | ||
| Damage by animals or pests (martens, rodents) | not addressed | ||
| Cover until transfer of ownership on sale, transfer to the buyer | yes | „Veräußert der Versicherungsnehmer die versicherte Sache, tritt der Erwerber an dessen …“ | A 24.1.1, page 11 |
Owner's liability
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Liability as property owner for the vacant building included | not addressed | ||
| Sum insured of owner's liability | not addressed | ||
| Liability limited in time or excluded during vacancy | not addressed | ||
| Water pollution and sewage damage (oil tank, sewage) in the liability part | not addressed | ||
| Defence against unjustified claims and legal costs | not addressed |
Contract
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| General deductible | not addressed | ||
| Minimum term | not addressed | ||
| Short term policy or monthly cancellation for the vacancy period | not addressed | ||
| Return to the normal policy on reoccupation | not addressed | ||
| Insurer's right to cancel because of vacancy | none | „kann der Versicherer den Vertrag fristlos kündigen, wenn der Versicherungsnehmer seine …“ | B 3.2.3.1, page 16 |
| Waiver of underinsurance | not addressed | ||
| Transfer of the policy to heirs or a new owner | not addressed |
Spain specifics
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Extraordinary risks via the Consorcio de Compensación de Seguros | not addressed | ||
| Distinction between main residence, second home and vacant home | not addressed | ||
| Threshold in days after which the home counts as deshabitada (consecutive or in total) | not addressed |
Evaluated by NAMMERT from published policy wordings.
Despite care, a value may be misread;
legally only the wording of your own contract in the edition stated there applies.
Please report errors, we correct them the same day.
Policy wordings and provider
- Legal entity
- GRUNDEIGENTÜMER-VERSICHERUNG Versicherungsverein auf Gegenseitigkeit, Covomo / Hiscox / Grundeigentümer-Konzepte
- Distribution
- brokers and direct
- Allgemeine Bedingungen Wohngebäude VGB Basis 2023 Edition: VGB 2023 Protect+ Basis Original from the insurer (PDF, German)
Full text of the wording
The full text exists only in German.
It is printed on the German page for GEV Basis 2023 and available as plain text.
Volltext GEV Basis 2023 Leerstandsversicherung · As text (Markdown) GEV Basis 2023 Vacant property cover