While not mandatory, 95% of owners and 89% of tenants in Belgium have housing insurance because it is important. House insurance (fire, basic damage) will cover damage of your house and your possessions within the house as a result of fire, water flooding, storms, natural disaster… However, each insurance company will be different, which makes it important to check the details of your insurance contract. More information: https://www.belgium.be/fr/logement/achat_et_vente/assurance_habitation