Chris Ross – Community Insurance – Highly Recommended
Do I need a private home insurance policy if I have Community Insurance?
Yes, they are completely unrelated. One will provide cover for your home and contents and the other provides covers for your community/communal areas.
Advantages of Community Insurance
– Cover the risks that jeopardize the habitability and comfort which all communities must provide to their owners and families.
– Flexibility to adapt to each community´s needs.
– Possibility of insuring community furniture.
Plus all these benefits
– Legal protection/claims for damages.
– The option to lower the premium with excess.
– Automatic adjustment of insured sums and premiums.
– Coverage of the proportional amount of property co-owned with another community