circular-economy
Insurance

Segmentation policy ING Home & Family Insurance

Segmentation policy of NN Insurance Services by the subscription of an ING Home & Family Insurance

What determines if we can accept you for this insurance, if you can remain insured, what the insurance covers and what you pay for it?

The following characteristics determine the acceptance of the insurance of your home and its contents (possibly with theft), the extent of the insurance and the price you pay for it. Not all the characteristics mentioned below might be applicable to your request. We only ask you for the characteristics which are relevant for your situation.

Characteristics Acceptance of the insurance Price of the insurance Extent of the insurance
The Home Insurance
The address of the insured property.
You are owner or tenant.
It is a house or an apartment (or apartment building).
Main residence, rented out, second residence or vacant.
Detached, semi-detached or terraced housing.
Does the main building have a thatched roof?
Is the home in the structural phase and not yet windtight?
In what year was the property built?
What is the surface area of the property?
Does the property have a timber frame?
Is the building fully or partially listed?
Is there an indoor or outdoor swimming pool?
Is there a passenger lift in the residence?
Is there a passenger lift in the residence?
Is the property regularly occupied?
Are there cylinder locks on the exterior doors of the building?
Is there an INCERT alarm in the residence?
Professional activity is performed in the building in addition to private occupancy.
The (insured) value of the contents.
The owner waives recourse against the tenant.
The residence is located in an area indicated as being at increased risk of natural disasters.
Have you (and/or one of your household members) been refused or had cancelled a fire, family or car insurance by an insurance company in the last 5 years?
How many times have you (and/or one of your household members) suffered or caused damage in the last 5 years?
How many times has there been any damage caused by flooding of the property in the last 5 years?
How many times have you (and/or one of your household members) suffered or caused damage after the insurance was taken out?
Specific measures to be taken.
Family insurance with legal assistance.
Have you (and/or one of your household members) been refused or had cancelled a fire, family or car insurance by an insurance company in the last 5 years?
Have you (and/or one of your household members) suffered or caused damage in the last 5 years?
How many times have you (and/or one of your household members) suffered or caused damage after the insurance was taken out?
Specific measures to be taken.
The characteristics are:
  • the address of the insured property; the address gives an indication of the risk of damage or burglary;
  • whether you are the owner or tenant; owners are paid out as value as new and tenants the real value;
  • whether you live in a house, an apartment (or apartmentbuilding);
  • whether it is your principal residence, it is rented out by you as an owner, or it is used by you as a second home (and rented out to others occasionally) or whether the building is meant to be a residential building, but it is temporarily empty or being renovated;
  • whether the building is open, semi-open or closed; this affects the value of the home and has an impact in the case of damage due to theft;
  • whether the main building has a thatched roof for more than 25%; if this is the case, we will not accept the insurance;
  • whether the building is in the structural phase and is not yet windtight; we offer a limited cover for these homes during the structural phase, which results in a lower premium calculation;
  • the year your home was built; recent buildings are less susceptible to damage;
  • the surface of your main building, the attics, the cellars and outbuildings (and sometimes also of your garages located elsewhere in Belgium); these partly determine the new value for owners or the actual value for tenants; furthermore, very large properties will not always be accepted;
  • the number of rooms in your property; this partly determines the new value for owners or the actual value for tenants.
  • whether the framework of the building is made of wood; this partly determines the new value for owners or the actual value for tenants; the extent of the damage is sometimes also greater (e.g. in the case of fire);
  • whether the building is fully or partially classified; classified buildings often have a different value from traditional buildings;
  • whether you have an indoor or outdoor swimming pool; having an indoor or outdoor swimming pool partly determines the new value for owners or the actual value for tenants;
  • if there is a passenger lift present; this partly determines the new value for owners or the actual value for tenants;
  • whether the building is uninhabited for longer than 60 consecutive nights; a regularly occupied building gives less cause for burglary;
  • whether the exterior doors of the building are equipped with cylinder locks; a well-secured building gives less cause for burglary;
  • if an INCERT alarm is present and if so if it is according our requirements; a well-secured building deters thieves;
  • if the building is also used for professional activities in addition to private habitation; we insure independent Liberal proffesions (except pharmacists) or purely administrative activities. You can find more information about this on www.ing.be in the “Frequently asked questions” section for this product.
  • the value for which you insure the contents; the higher the insured value, the higher the premium you pay; the insured contents also determines the maximum compensation in the case of damage.
  • if there is renouncement of recovery from the owner to the tenant; if this is not the case, we can recover damage from the tenant, which means that you will pay a lower premium.
  • whether the insured property is located in an area which is classified as having an aggravated risk of natural disasters; this is an indication of the risk of damage.
  • whether an insurance company refused or cancelled a fire, family or car insurance in the last 5 years; this provides us with information enabling us to accurately assess the risk.
  • how many damages you, or the people you live with, suffered or were caused by you or them in the last 5 years; this provides us with information enabling us to accurately assess the risk;
  • how many times the was residence damaged due to flooding or did flooding cause damage in the last 5 years; this provides us with information enabling us to accurately assess the risk;
  • how many damages did you or the people you live with suffer or were caused by you or them after you had this insurance; it provides us with information enabling us to accurately assess the risk and possibly affects the continuation of the insurance, the applicable terms and conditions and the premium you pay;
  • specific measures that we propose after inspection of your property or if your insurance is changed.
The following criteria apply to the Family insurance with legal assistance:
  • whether an insurance company refused or cancelled a fire, family or car insurance in the last 5 years; this provides us with information enabling us to accurately assess the risk;
  • how many times you and your housemates caused damage in the last 5 years; it provides us with information enabling us to accurately assess the risk;
  • how many times damage was caused or suffered after you took out your insurance; it provides us with information enabling us to accurately assess the risk and possibly affects the continuation of the insurance, the applicable terms and conditions and the premium you pay;
  • specific measures we propose if your insurance is changed.