Husforsikring (building insurance)

Building insurance covers damage to the structure itself, and the mortgage institution requires at least fire cover before the loan is paid out. A building policy normally also includes homeowner liability, and it must cover from completion day, when the risk for the property passes to you.

The building insurance covers the structure, typically against fire and often against other damage such as storm and certain water damage, depending on the policy.

Homeowner liability means you are covered if someone is injured on your property. It is normally part of the building insurance.

The insurance must be in force from completion day, because the risk for the property passes to you on exactly that day.

Building insurance is not the same as owner-change insurance. The building policy covers future damage to the structure, while the ejerskifteforsikring covers hidden defects present at the time of purchase.