Inshared Liability Insurance
Inshared is the online label of Achmea, one of the most significant players in the Dutch insurance market. By arranging all your insurance matters online, the insurer can take out various policies at a relatively attractive premium. At Inshared, you can choose from multiple types of insurance, including car, travel, home contents, and liability insurance. This last insurance is central to this page.
Inshared liability insurance covers damage that you, as a private individual, accidentally cause to someone else or their property. Damage during your internship or volunteer work is also eligible for compensation. The extent to which you will be compensated depends on the maximum insured amount and the actual damage. The following premium is based on a 20-year-old student living in dorms in Utrecht. It is not possible to increase the insured amount.
| Coverage | Monthly premium |
|---|---|
|
Max. €1,500,000 per event |
From €2.58 |
Below, you will find an overview of some coverage restrictions:
| Type of damage | Insured amount |
|---|---|
| Caused during a favour to a friend | Up to max. €15,000 per event |
| Caused to borrowed items | Up to max. €15,000 per event |
| Caused during sports & games | Up to max. €15,000 per event |
Additional coverages
Inshared’s liability insurance can be expanded with various additional coverages, including ‘Accident & Permanent injury’, ‘Accident and Death’, and ‘Legal assistance Accident’. The table overview below provides more information about these coverages and associated costs.
| Additional coverage | Coverage | Premium |
|---|---|---|
|
Accident & Permanent injury |
You will receive a predetermined amount if you sustain bodily injury, become permanently disabled or require medical/dental assistance as a result of an accident |
€2.21 per month |
|
Accident & Permanent injury |
If you are involved in an accident and die as a result, your surviving relatives will receive €10,000 |
€1,68 per month |
|
Legal assistance Accident |
Legal assistance when participating in traffic (also on the water), if you are involved in an accident or are confronted with government measures |
€3,57 per month |
What exactly is insured?
What types of damage are covered by the liability insurance if you are liable? This includes:
- Damage that you cause to others or the property of others;
- Damage that your pet, for example, your dog, causes to others or the property of others;
- Damage that you cause to others or the property of others during your internship or volunteer work; Damage during a favour to a friend;
- Damage resulting in injury during sports & game situations;
- Water or fire damage to your holiday accommodation;
- Damage to items that you had on loan at that time.
What is not insured?
Some matters and situations are excluded from insurance. The liability insurance does not pay out in the following cases:
- Damage caused during the performance of work;
- Damage caused by motor or watercraft if you need a specific boating or driving license for this;
- Damage to items that you rent, lease or rent;
- Damage to items from your work that you use privately;
- Damage caused by the use of drones or model aeroplanes.
Deductible
Inshared’s liability insurance has a mandatory deductible of €100. This means the first €100 of the damage amount is for your account. Taking out a higher (or lower) deductible is impossible.
Personal annual reward
The personal annual reward depends on the number of insurance policies you have with Inshared. With two insurance policies, you save around a 3% monthly reward percentage. Based on the saved percentage points, a reward percentage of x paid premium is reserved. If you have not filed any claims for damages for one year, you will receive around 3% to 7% of the annual premium back at the end of the year.
Collective annual reward
Every year, Inshared reserves 75% of its income to pay out damages and uses 20% to keep the company running. If money is left after paying out 75% of the damage, a collective annual reward will be paid out of this 5% in proportion to the saved reward points.
Discount
Currently, Inshared does not offer any special discounts for taking out liability insurance with this insurer.
