When moving to the Netherlands as an expat, there is a lot to arrange from finding housing to understanding local regulations and insurance requirements. The Netherlands has both mandatory and optional insurances, and being well-prepared is essential. In this blog, you'll learn which insurances are required and which are strongly recommended.
Mandatory insurances
Health Insurance
Everyone living and working in the Netherlands is required to take out Dutch health insurance (basic insurance). This must be arranged within four months of registering with the municipality. The basic insurance covers essential medical costs such as general practitioner visits and hospital care. For additional coverage, such as dental care or physiotherapy, you can opt for supplementary insurance.
Third-Party liability (WA) car insurance
If you own and use a car in the Netherlands, you are required to have at least third-party liability (WA) insurance. This insurance covers damage you cause to others with your vehicle. If you want coverage for damage to your own car as well, you can choose a more comprehensive plan such as WA+ (limited comprehensive) or All-Risk insurance.
Strongly recommended insurances
Home contents insurance
While not mandatory, home contents insurance is highly recommended. This insurance covers damage to your belongings due to fire, theft, or water damage. Given the Netherlands' rainy climate, it’s wise to consider coverage for leakage-related damage as well.
Personal liability insurance
A personal liability insurance policy is not required but can be very useful. It covers damage you (or your family members) accidentally cause to others or their property. In the Netherlands, claims for damages can be quite costly, making this insurance a valuable safeguard.
Other useful insurances
- Legal expenses insurance: Useful if you need legal assistance, for example, with rental contract disputes or work-related issues.
- Travel insurance: For expats who frequently travel abroad, a continuous travel insurance policy can save a lot of hassle and expenses.
- Life insurance: Provides financial security for your dependents in case of unexpected death.
Conclusion
As an expat in the Netherlands, choosing the right insurance is essential. Health insurance and third-party car insurance are mandatory, while home contents and personal liability insurance can provide significant peace of mind. By thoroughly researching and selecting insurance policies tailored to your situation, you can avoid unexpected costs and enjoy a worry-free stay in the Netherlands.
