ABN AMRO Contents Insurance
ABN AMRO is a Dutch bank founded in 1991 by a merger between Algemene Bank Nederland (ABN) and AMRO Bank. In addition to managing your banking affairs, you can turn to ABN AMRO for various home insurance policies, including liability or home contents insurance. This page provides information about ABN AMRO’s home contents insurance.
ABN AMRO Home Contents Insurance Premium
Your premium depends on various factors, such as the type of home, family composition, whether you are a tenant, conduct business activities, or have a thatched roof. It is important to provide accurate information about your home and situation. To provide an example, we have calculated the premium for a 20-year-old student who rents an apartment in the center of Utrecht and lives alone.
| Type of Insurance | Premium |
|---|---|
| Basic coverage | From €13.19 per month |
| All-risk coverage | From €20.87 per month |
ABN AMRO Contents Insurance Coverage
All your belongings in the house are insured, such as your furniture, clothing, curtains, and electronic devices. Items in your garden, medical devices, and business contents are also covered. Additionally, tenant’s improvements are included in the insurance.
ABN AMRO Basic Contents Insurance Coverage
ABN AMRO’s basic contents insurance provides coverage for the following causes of damage:
- Damage caused by fire, smoke, soot, explosion, or lightning;
- Storm damage;
- Theft or robbery with violence;
- Vandalism;
- Riots or disturbances;
- A falling tree, crane, antenna, or parts thereof, as well as falling aircraft or spacecraft objects;
- Collision, crash, or falling cargo;
- Damage caused by precipitation or water leakage (excluding precipitation through open windows);
- Damage caused by broken glass from a mirror, window, aquarium, or glass plate.
The coverage applies to items in your home and other locked buildings at the same address, including outdoor furniture in your garden.
| Type of Contents | Insured Amount |
|---|---|
| Contents | Guarantee against underinsurance up to a maximum of €150,000 |
| Valuable contents | Your valuable items, such as your laptop, computer equipment, tablets, e-readers, smartphones, and watches, are insured up to a maximum of €7,500 |
| Antiques, art, and collections | Up to a maximum of €35,000 |
| Money | Up to a maximum of €1,250 indoors |
| Items at the same or another address in another locked building | Theft up to a maximum of €5,000 |
| Items in a locked boat or motor vehicle | Up to a maximum of €550 |
ABN AMRO Comprehensive Home Contents Insurance
In addition to basic home contents insurance, ABN AMRO’s comprehensive coverage also provides compensation for damage you accidentally cause to your belongings, such as dropping or knocking them over. With the All-risk coverage, all unexpected and unforeseen forms of damage are covered, as long as they do not fall under the exclusions.
Additional Coverage for ABN AMRO Home Contents Insurance
The overview below shows the various additional coverages that you can take out in addition to the basic or all-risk home contents insurance:
| Type of Insurance | Coverage Details |
|---|---|
| Glass coverage | Unforeseen and sudden glass breakage is reimbursed. Special glass, such as stained or processed glass, is covered up to a maximum of €1,000. |
| Out-of-home coverage | Valuables, except mobile electronic devices, such as your musical instruments, sports equipment, or jewelry, are insured outside the home up to a maximum of €7,500 per event. A deductible of €100 per event applies. |
| Mobile devices (only with All-risk coverage) | Coverage for damage caused by theft, falling, or bumping to your mobile electronic devices up to a maximum of €7,500 per event. Examples include your laptop, tablet, smartphone, or watch. A deductible of €100 per event applies. |
Valuation of Damaged Items
Most items are insured for at least three years at their new-for-old value. For jewelry, professional tools, or watches, compensation is based on the current value. This also applies if your items are worth 40% or less of their new value. You can consult the depreciation list per category on the ABN AMRO website.
What Is Not Insured?
Not all forms of damage are eligible for compensation under ABN AMRO’s home contents insurance. See the various exclusions below:
- Damage caused by extreme weather conditions, such as flooding, subsidence, or earthquakes;
- Construction or production errors, poor or insufficient maintenance, and lack of care measures;
- Damage that occurred gradually, including leakage through sealant joints or precipitation through open windows or doors;
- Work carried out in an unprofessional manner;
- Damage caused by domestic animals;
- Damage to glass due to breakage in your windows (unless additional glass coverage has been taken out);
- Fraud, vandalism, or intentional damage;
- Damage to illegal items or firearms;
- Loss of or damage to money or negotiable instruments outside the home;
- Damage due to your own fault from dropping or knocking over items (unless you have purchased all-risk coverage).
The policy conditions of the ABN AMRO home contents insurance provide a detailed overview of all exclusions.
Deductible
The deductible is the portion of the damage you must pay yourself before the insurer will provide compensation. You can choose a deductible from €0 to €500 at ABN AMRO. There is a mandatory deductible of €220 in the event of storm damage or damage caused by precipitation and water leakage.
