The Insurance for Residents' Associations suggested and recommended by Euroteide Seguros (Insurance Brokers and Consultants) will protect your home owners' association, as well as the common and private elements of your building against any unforeseen event that might arise.
The concierge's office and other common areas may occasionally suffer damages caused by vandalism by people from outside the community. Our services guarantee the best protection against vandalism, damage to furniture or theft.
There are many situations in which your building, both its common and private elements, trees and garden plants can be affected by fire, either due to accidents or other circumstances. With the Residents' Association Insurance, damages caused by the direct action of fire, by explosions of installations or devices, as well as those caused by lightning strikes, are covered.
Among the most common claims that occur in homeowners' associations are those caused by power surges, short circuits or overloaded devices. With the Community Insurance you will protect both the general electrical installations of your community building, as well as the breakdowns of the fixed electrical or electronic devices of community property damaged as a result of these events.
Water is an element that can become the main enemy of your neighborhood since it causes the most common accidents. Accidental leaks, breaks or open taps are some of the situations that are covered, as long as they happen in the building's facilities, tanks and pipes.
Alternatively, you can contract this policy, which will cover the costs of using pressure pumps, pump trucks and the like, in order to reduce damages caused by water in the event of clogging. Even for an additional premium, you can also extend it to the prevention of such damage when clogging is evident.
Although your home and that of your neighbours are prepared against most atmospheric phenomena, when these occur with a certain intensity, they can cause damages.
With Residents' Association Insurance Policy you have the best protection against damage to the building, both in the cases described above and if water leaks on roofs and platforms, regardless of the intensity.
The windows, mirrors, panes and stained glass, as well as the sanitary ware of the common elements of the community are usually the most fragile and damaged areas with more frequency. This coverage guarantees the repair or replacement of such items, provided that they are an unmovable part of the building.
Although you may have taken all the necessary security measures in order to prevent robberies in your building, they are not always effective, but with our theft, robbery or burglary coverage you can feel more protected.
In these cases, your insurance will respond to the loss and damage to the construction elements and fixed facilities of the continent and the content that is community property.
We know that pest-related problems are on the rise. Doing nothing is serious, but not taking action is even worse, that's why a differential value of the residents' association policy that we offer is that there is a comprehensive pest control service at your disposal.
- Debugging service in the event of bug infestation.
- Coverage for roaches and rodents.
- Includes first debugging and the second control visit after 15 days.
- Applicable in the common areas of the buildings.
The container includes the physical structure of the building, its walls, ceilings and floors, as well as garages, parking spaces, storage rooms, service facilities, toilets, solar panels or recreational facilities such as swimming pools or sports courts and trees and plants in the garden.
The content refers to the set of personal property owned by the Community of Owners that are installed in the common areas of the Building for the use and enjoyment of the owners.
The Civil Liability Policy covers the payment of the compensation that the Residents' Association as a liable entity may have caused to the physical integrity or property of third parties as well as any direct damage derived from them.
The Residents' Association Insurance Policy that Euroteide Seguros (Insurance Brokers and Consultants) suggests and recommends offers several ways to complete this coverage:
- Property-related civil liability: which is derived from the ownership of the insured building, including the actions committed by the employees hired by the owners.
- Employer civil liability: which will be responsible for the corresponding compensation in the event of professional accidents suffered by the employees, while working in the insured building and always being registered with Social Security.
- Civil liability between co-owners: available within the modality of Common and Private Areas.
- Civil liability of the association's government bodies: optionally available.
How can my owner's association protect itself against a legal claim or claim damages ourselves from someone else?
By contracting the optional guarantee of Legal Protection, Comunidades Plus will assume the expenses of professional and judicial fees in defense and / or claim procedures that must be followed in criminal or labour cases.
If an owner does not pay his dues to the owners' association, the amounts owed can be claimed in two ways. In the first place, we have the friendly settlement by means of which the community may request the collection of the debt from the owner and / or tenant with the interest that would have accrued. And, secondly, the owners' association will be able to choose a legal claim against the debtor owner, which will require legal advice and the participation of a lawyer and / or court attorney.
Alternatively, the Residents' Association Insurance Polity can include coverage for the Claim to Owners for the Default of Dues, and the Insurance Company will assume these expenses of your claim.
When contracting this optional guarantee, the Residents' Association Insurance covers the eventual damages suffered by the vehicles parked in the garage as a result of Fire, Explosion and / or Theft. In the event of theft, the guarantee applies exclusively to the total disappearance of the vehicle.
This protection is designed for the owners' cars which are protected in the garage, as long as it is covered and not outdoors.
The objective of this guarantee is that the damage produced by a mishap and its subsequent repair do not alter the aesthetics of your building.
An example would be if, when repairing a pipe, it is necessary to break tiles and no identical materials are found to replace them. With this coverage we will take care of maintaining the aesthetics of the affected room by replacing all the tiles with new ones with similar characteristics.
What happens to the breakdowns of elevators, pumping equipment, treatment plants and other machines?
If you wish, you can optionally contract the Machinery Breakdown guarantee so that the Insurance will also take care of these repairs.
What happens to the income that I stop receiving if an accident does not allow me to rent an apartment or premises?
This issue mainly affects building owners who have several houses or premises for rent. By contracting the optional guarantee of Loss of Rentals, the Insurance covers the loss of the amount thereof. The compensation will be calculated based on the monthly amount of the rents effective at the time of the loss and based on the material period necessary for the use of the damaged homes, offices or premises.
Do you have more questions about this insurance policy?
We call you to inform you and arrange an appointment in order to study your characteristics and to be able to offer you the Insurance with the coverages that you need. Office hours: From 9:00 Hrs. at 14:00 p.m. From 16:00 Hrs. at 19:00 Hrs.