Building insurance – for complete protection or as a supplementary option
The owners of buildings in cantons with a free choice of insurer receive reliable one-stop insurance protection from AXA. Property owners legally required to take out basic coverage against fire and natural forces with cantonal building insurers can rely on AXA for options to individually supplement and optimize cover and avoid any gaps.
Insurable risks
Fire hazards and natural forces
Fire and smoke, heat, lightning and explosion can cause immense damage to a building. These are covered, along with damage caused by storm, hail, high water or other natural occurrences .
Water damage: Whether water or other liquids – AXA covers the cost of remedying damage due to frozen and leaking pipes. Or caused by rainwater, meltwater or condensation penetrating the structural fabric .
Earthquake: If your building suffers earthquake damage, this policy will cover you. Where it is unclear whether a tectonic event is actually the source of the damage, the assessment of the Swiss Seismological Service will be taken as the basis.
Burglary: The costs of all damage to buildings and building elements demonstrably shown to be caused by actual or attempted burglary will also be borne by AXA.
Glass breakage: Display windows, solar energy systems or sanitary installations: If glazed areas of the building are broken, the insurance will cover repair or replacement costs.
Construction projects: If you insure your building, construction projects such as renovation, maintenance and extension work up to CHF 100,000 are automatically covered. This is conditional on the work being carried out by qualified builders.
Other risks: Building insurance from AXA can, if requested, be extended to cover property damage resulting from vandalism, animal gnawing, or other causes such as a vehicle or the collapse of a building on neighboring land.
Insurable items
The insurance covers not only the building itself but building-related and operational installations such as building services and infrastructure (for instance solar energy installations or elevators), as well as the building's surroundings, e.g. gardens or equipment and materials needed to maintain or use the building. Buildings are normally insured at replacement value. This includes all costs that would be incurred to reconstruct the building unchanged in the event of a claim. In order that the amount can be regularly updated in accordance with the construction cost index and to ensure that no underinsurance develops over the years, the inclusion of automatic adjustment of the insured amount is recommended.
Insurable benefits
Repair and renovation costs as well as consequential costs arising from an insured event – for example, loss of revenue or rental income – are covered. And in the event of a total loss, AXA will pay for reconstruction of the building or for a newbuild.
