Community of owners insurance
Community insurance is a contract between the community and an insurance company that establishes a series of coverages to protect the building, the common areas and the owners against possible damages or new zealand whatsapp number data 5 million .
The information we will share with you below has been inspired by Bas Consultores , our trusted insurance agency. Thanks to them, we have chosen the insurance that best suits our needs, as they advised us in the best way.
What does the community of owners insurance cover?
On the one hand, the basic coverage of a community insurance usually includes material damage, civil liability and theft. These protect the building and common areas from events such as fires, floods, water damage and meteorological phenomena, as well as covering damages caused by the community to third parties and theft of common property.
In addition to these basic coverages, there are some additional ones that may be of interest to the community. For example, legal defense covers legal expenses arising from accidents or conflicts with suppliers. Aesthetic damages protect against damage that affects the appearance of the building, such as cracks or problems with the paint. Loss of rent covers the lack of rental income in the event that an accident prevents the use of a community business premises.
Finally, insurance may include personal accident coverage , which covers medical and hospitalization expenses in the event that an owner or neighbor suffers an accident in the common areas. These additional coverages can be customized to the specific needs of the community and offer greater protection and peace of mind to its members.
