Real Estate Insurance

In most cantons, building fire/natural hazards insurance is mandatory. However, in most cantons this must be insured through the cantonal buildings insurance.

You do not have to insure the other risks, such as water, glass breakage or theft, on a compulsory basis.

(Private) buildings insurance usually insures residential buildings of private individuals. These include owner-occupied homes, condominiums or multi-family residential buildings occupied by the owners themselves or by their tenants. This insurance provides protection against damage that typically occurs in residential buildings. This includes, for example, damage caused by fire, storm, water, burglary and vandalism.

Real estate insurance insures commercially used buildings such as office buildings, retail properties, warehouses or industrial facilities. Here, the risks are often more complex, as commercial properties can be exposed to different hazards. In addition to basic coverage for fire, damage caused by natural hazards and similar risks, commercial buildings insurance policies may also provide specific coverage for business interruption, liability claims, lost rental income and other business-related risks.

• Buildings insurance: This insurance covers physical damage to the building itself caused by events such as fire, storm, water pipe damage and other insured risks.
• Lost rental income insurance: This insurance can protect property managers against lost income caused by non-payment of rent. This could happen, for example, if an apartment is temporarily uninhabitable due to a fire.