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Old 25.08.2020, 09:53
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New schätzung after purchasing home

Hey All - still learning the swing of things here so bare with me.

Purchased a house at the beginning of this year and have assumed all the insurance policies of the previous owner. I want to make sure that if something happens to the house that we are insured for the proper amount, although I know its rare that these types of events happen I would rather be safe than sorry. So in looking at the current schätzung, it appears to have not been updated since 1979.

Since the last evaluation was done there hasnt been a ton of work done, but a decent amount for example:
- New Kitchen
- New Oil Heater
- New Windows
- Paint
- Flooring
- Light Fixtures

From what the notar and real estate people have advised, its stupid to get a new evaluation because then the monthly ins. premium goes up which makes sense, but I am more concerned with something happening to the home and them not wanting to cover the amount it would take to fix or rebuild.

Should I be concerned about this or leave as is?

As always, thank you in advance!
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Old 25.08.2020, 10:03
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Re: New schätzung after purchasing home

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Should I be concerned about this or leave as is?
You should be. Will only get what you are paying for. Just set the insurance according to the current value.
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Old 28.08.2020, 16:55
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Re: New schätzung after purchasing home

The AGV is not that expensive per year. Give them a call and ask them to come along and take a look. Usually there is a designated person who looks after specific regions.

Having copies of the invoices for work done will be helpful. If your house is underinsured they will tell you. The land is excluded but if you have a garden wall, or other structures, these should be included.

You may also want to ask about some of the additional policy options, which the previous owner may not have selected (aqua plus, for example).
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Old 28.08.2020, 17:33
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Re: New schätzung after purchasing home

You live in Zurich. So it would be by GVZ.

An assessment should be done every 12 to 15 years.
https://infothek.gvz.ch/pages/viewpa...pageId=1257549

Insurance premium is CHF 0.32 / CHF 1k. Or in other words CHF 320 per 1 M, or 0.032% of the value. Thats is per year, not per month. And it is the buildings value. Not the real estates value. Actually the price to rebuild the thing from scratch.
https://infothek.gvz.ch/pages/viewpa...ffb4d6e9cc3b3e

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From what the notar and real estate people have advised, its stupid to get a new evaluation because then the monthly ins. premium goes up which makes sense, but I am more concerned with something happening to the home and them not wanting to cover the amount it would take to fix or rebuild.
Let us assume it costs 1M to rebuild the house and you currently pay CHF 0 per month. In that case the monthly insurance costs increases by CHF 27. Or less than a total of CHF 10k in 30 years. Yes, that is real money. But is it a lot? Decide for yourself.
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Old 28.08.2020, 21:49
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Re: New schätzung after purchasing home

Actually from previous posts I understood the OP bought a house in Wurenlos (Aargau).
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Old 28.08.2020, 23:25
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Re: New schätzung after purchasing home

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Actually from previous posts I understood the OP bought a house in Wurenlos (Aargau).
In that case the premium is 0.33 per 1000 and they don't do periodic revaluation but just use an adjustment based on the construction cost inflation.
https://www.agv-ag.ch/versicherung/g...cherungen/faq/

Canton AG seems to use this table for construction cost inflation
https://www.hev-sz.ch/fileadmin/File...stiken/1.5.pdf

If I see it right the rebuilding cost has doubled since 1979.
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