The communities can just insurance the public liabilities or can get a wider coverage.

Our experience shows us that it is extremely advantageous to have full coverage in community policies. This does not mean that the lack of maintenance or the building defects will be covered but it will cover many others damages that could be very important for communities and private owners.

Not many companies offer this kind of full cover, but, just an example, Mapfre is one of them.

With this full cover policy, the communities will have the opportunity to insure not only those elements that are common to all buildings, but to insure the construction in full including communal and private elements of the building against the risk of fire, water damage, breakages, electrical damage, etc. 

In addition to the known covers, the Mapfre policy and some others include the damages to your private apartment or house as a consequence of accidental smoke; vandalism; full water damage ( including the localisation, repair and damages caused); changing of locks both to private and community doors in the case of robbery or loss of keys by owners; robbery within the community to owners, tenants or cohabitants; breakages to sanitary units, windows and internal doors; inhabitability of properties due to a claim covered by the policy, etc., and naturally public liability cover for the community. 

Besides this, public liability cover between owners can also be added to the full cover policy. This particular guarantee was used on many occasions during winter where terrace outlets were not properly maintained by owners and which caused flooding to apartments below.

In practical terms, it is very important in claims involving more than one property, as if the full cover policy was not in place two or even more insurance companies would have to be coordinated; the coordination of claims where second and absent owners are involved could become complex and difficult thus delaying the resolution of the claim to the affected owner(s), the Mapfre full cover policy for communities deals with all aspects of all the claims.

Finally and of no less importance, should the properties have a mortgage, this full cover policy allows our offices to issue certificates tying the coefficient quota of each property of the total capital insured into the mortgage holders. We understand the complexity of this policy and will be pleased to explain in detail any of the policy covers, guarantees and advantages personally.  Please contact us and we will explain.