Building property insurance
Protect yourself against financial loss resulting from building risks with AXA’s flexible suite of insurance solutions. Create a building insurance package that best serves your needs.
Fire and natural hazards
Almost all of the cantons in Switzerland require you to insure your house against damage caused by fire and natural hazards, such as flooding, hail or falling rocks. You can take out this insurance through AXA in the cantons of Geneva, Uri, Schwyz, Ticino, Appenzell Innerrhoden, Valais and Obwalden. In the remaining cantons, you are required to insure your property against fire or natural hazards with the cantonal buildings insurance authority. Learn more here.
Additional building insurance coverages:
- Water damage: Water damage is a big risk because pipes can burst or freeze
- Damage due to glass breakage: Damage to glass, such as window panes or sanitary installations
- Damage to building due to burglary or attempted burglary
- Extended coverage: Malicious damage or damage resulting from martens, rodents and insects, among other things, is also covered
- Earthquakes
Add-on coverages for your entire building:
- Building technology failure: Damage to photovoltaics, heat pumps, household appliances, etc. due to breakdowns, electronic failure, including loss of earnings when energy cannot be fed back into the grid
- Damage to the surroundings: Property or physical structures outside of the building, e.g. pathways, stairs, garden sheds, swimming pools and landscaping design elements (no plants)
- Equipment for building maintenance (for multi-family homes)
- Singe damage to external blinds: i.e. damage due to scorching and heat that are not the result of flames or fire
- Additional costs for temporary housing: If the owner-occupied residence is damaged, there will be the added expense of paying rent for temporary housing
- Additional costs resulting from the loss of rent: If tenants are unable to use individual rooms or the entire apartment or house due to damage
Premises liability insurance
The law clearly states when you can be held liable for damage caused by an accident if you own a house or property. This type of damage often is the result of structural defects or a lack of maintenance. If you forget to salt the front walkway when it’s icy, for example, you can be held liable if an accident happens.
Liability insurance from AXA will protect you against these types of claims for damages from third parties and defend you against unsubstantiated claims. In many cases, you won’t need separate premises liability insurance because you will already be insured under another policy. As an example, AXA’s personal liability insurance will cover, among other things, owner-occupied properties with up to three apartments. As insurance coverage varies from one company to another, you should check whether premises liability insurance would be a good fit for you.