Gable Insurance/Husejernes Forsikringsagentur
Gable Insurance was declared bankrupt on 19 November 2016 in Liechtenstein. Gable Insurance sold insurance policies in Denmark via Husejernes Forsikring Assurance Agentur. On December 8, 2016, Husejernes Forsikringsagentur was also declared bankrupt.
Since none of the companies were a member of the Guarantee Fund for Non-life Insurers, the Danish Parliament adopted on December 8, 2016, after discussions with the organisation Forsikring & Pension, an amendment to the legislation, which means that Danish customers in Gable Insurance and Husejernes Forsikringsagentur covered by the Guarantee Fund for Non-life Insurers.
The amendment meant that the Danish Guarantee Fund provides cover for claims that otherwise would not be covered.
Topdanmark handles claims relating to Gable Insurance AG/Husejernes Forsikringsagentur on behalf of the Danish Guarantee Fund and manages the payment of compensation from the Danish Guarantee Fund. This also applies to claims that have already been settled and are merely awaiting payment of compensation.
Claims under building insurance policies taken out through Husejernes Forsikringsagentur can be submitted to Topdanmark at administration@topdanmark.dk.
Overview of Coverage
Insurance type | Gable Insurance/Husejernes Forsikringsagentur |
Byggeskadeforsikring (structural warranty insurance – new build) | The Danish Guarantee Fund covers claims that remain unpaid as a result of the bankruptcy of Gable Insurance AG for policyholders and insured persons residing in Denmark who took out insurance with Gable Insurance AG through Husejernes Forsikringsagentur. The claim must have arisen before Gable Insurance AG was declared bankrupt on 19 November 2016 or during the term of the insurance policy. As a condition for coverage, the developer who took out Byggeskadeforsikring (structural warranty insurance – new build) with Gable Insurance AG must have entered into liquidation before Gable Insurance AG’s bankruptcy or during the term of the insurance policy. The Danish Guarantee Fund does not refund insurance premiums. |
Ejerskifteforsikring (latent defect insurance - change-of-ownership) | For Ejerskifteforsikringer (latent defect insurance - change-of-ownership), the Danish Guarantee Fund covers claims that were submitted no later than 31 March 2017. A deductible of DKK 20,000 applies to claims covered by the Danish Guarantee Fund. It is not possible to submit a claim to the Danish Guarantee Fund after 31 March 2017. The Danish Guarantee Fund does not refund insurance premiums. |