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GEV Max 2023: the policy wording in full
Wohngebäudeversicherung Home Max (VGB 2023) zum gleitenden Neubauwert mit weitreichenden Zusatzleistungen; vorübergehende Nichtnutzung bis 180 Tage gilt nicht als Gefahrerhöhung.
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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 Max 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 14 |
| Vacant building expressly insurable (own policy or vacancy clause) | yes | „Keine Gefahrerhöhung liegt vor, wenn das ansonsten ständig bewohnte Gebäude …“ | A 22.1.2, page 18 |
| From when the building counts as vacant or unoccupied (number of days or months) | yes | „Als vorübergehend gilt, sofern das Gebäude für durchgehend maximal 180 Tage und für …“ | A 22.1.2, page 18 |
| Maximum covered vacancy period | yes | „Keine Gefahrerhöhung liegt vor, wenn das ansonsten ständig bewohnte Gebäude …“ | A 22.1.2, page 18 |
| 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 17 |
| Vacancy during conversion or renovation covered | yes | „Baumaßnahmen am Gebäude führen dazu, dass es überwiegend unbenutzbar wird.“ | A 22.1.4, page 18 |
| Uninhabitable or dilapidated buildings excluded | none | „Bei Gebäuden, die zum Abbruch bestimmt oder sonst dauerhaft entwertet sind, ist nur …“ | A 14.3, page 14 |
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 4 |
| 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 5 |
| Other natural hazards while vacant | yes, up to the sum insured | „Home Elementar“ | C1, page 1 |
| Vandalism and malicious damage while vacant | yes, up to the sum insured | „sonstige böswillige Handlungen durch unbefugte Dritte beschädigt werden“ | A 6.4.1 c), page 6 |
| Burglary damage to the building (doors, windows, locks) while vacant | yes, up to the sum insured | „Einbruch oder Einbruchversuch (Einbrechen, Einsteigen oder mittels falscher Schlüssel …“ | A 6.4.1 a), page 6 |
| Theft of fixed building parts (copper, boiler, fittings) | not addressed | ||
| Glass breakage while vacant | yes, up to the sum insured | „Home 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 25 |
| Waiver of reduction for gross negligence | yes, up to the sum insured | „Führt der Versicherungsnehmer den Schaden grob fahrlässig herbei, so verzichtet der …“ | B 4.11.1.2, page 29 |
| 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 25 |
| 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 17 |
| 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 17 |
| 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 17 |
| 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 17 |
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 | „Der Versicherer ersetzt auch die Kosten für provisorische Reparaturmaßnahmen“ | B 4.9.3.1, page 29 |
| Leak detection and excavation costs | yes, up to the sum insured | „Der Versicherer ersetzt auch die tatsächlich angefallenen Such- und Leckortungskosten …“ | A 4, page 4 |
| Extra costs for lost water and frost protection | yes, up to the sum insured | „Kosten für Wasser-, Gas- und Heizölverlust sowie Stromverlust aus Stromspeichern“ | A 12.1.5, page 12 |
| Loss of rent or use after a loss | yes, up to the sum insured | „dem Räume nicht benutzbar sind, höchstens aber für 36 Monate seit dem Eintritt des …“ | A 13.2.1, page 14 |
| Graffiti on external walls | yes, up to the sum insured | „Graffiti (Verunstaltung durch Farben und Lacke)“ | A 6.4.1 b), page 6 |
| Damage by animals or pests (martens, rodents) | yes, up to the sum insured | „durch Marderbiss oder den Biss sonstiger wild“ | A 6.8.1, page 6 |
| 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 18 |
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 25 |
| 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.
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legally only the wording of your own contract in the edition stated there applies.
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Policy wordings and provider
- Legal entity
- GRUNDEIGENTÜMER-VERSICHERUNG Versicherungsverein auf Gegenseitigkeit, Covomo / Hiscox / Grundeigentümer-Konzepte
- Distribution
- brokers and direct
- Allgemeine Bedingungen Wohngebäude VGB Max 2023 Edition: VGB 2023 Home Max 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 Max 2023 and available as plain text.
Volltext GEV Max 2023 Leerstandsversicherung · As text (Markdown) GEV Max 2023 Vacant property cover