Homeowners’ communities

Homeowners’ communities and single-owner buildings are sometimes complex risks, with many parties involved and cross liabilities.

Although this insurance is not compulsory in Spain, most property managers recommend taking out a policy for the following reasons:

1. It protects owners from liabilities towards third parties or other owners for which they may be held responsible for injury or damage.
2. It covers emergency assistance and the repair of various types of damage, and many other situations, such as:
1. Burst water pipes.
2. Fires.
3. Electrical damage.
4. Damage of atmospheric origin.
5. Thefts.
6. Acts of vandalism.
7. Legal advice, defence and claims.
8. Pest control.
9. Unblocking of drains.
10. Uninhabitability.

Etc.

The policies, although with many more nuances and many optional covers, can be of three main types, in order of breadth of cover:

• Liability only.
• Liability + own damage with deductible.
• Liability + own damage without deductible.

It is also important, in older buildings, to know what maintenance work has been carried out, such as the renewal of water pipes. Insurers may require an expert inspection or a deductible depending on this information.

Somos expertos en seguros de comunidades de propietarios desde 1975. Si quieres que valoremos las mejores opciones para tu comunidad facilítanos la siguiente información.

Nos basta con poco, en general con la información el catastro y google podremos elaborar un buen análisis. Si nos hace falta algo más de información te contactaremos.