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Property purchase

Fire insurance

Multi-risk home insurance covering the building and its contents against various damages.

Full definition

Fire insurance (or home insurance) is a multi-risk coverage protecting the building and possibly its contents against fire, water damage, storm, theft, glass breakage, and civil liability. In Belgium, it is not legally mandatory for owner-occupiers but is required by banks for mortgage loans.

Related terms

Mortgage loan

Bank loan secured by a mortgage on the property.

Co-ownership

Legal regime applicable to buildings divided into private and common parts.

Common charges

Shared costs among co-owners for the maintenance and management of a building's common areas.

Useful links

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FAQ

Multi-risk home insurance covering the building and its contents against various damages.