Building Insurance
Jointly Owned Buildings
Simple, comprehensive and above all affordable!
The Jointly Owned Building Insurance
Addressed to Management Committees and Building Owners that consist of more than 5 units.
Many were the problems presented to the owners or occupants of an apartment building from the lack of insurance coverage or from the existence of separate insurances for each unit
These problems were corrected by the Real Estate (Possession, Registration and Valuation) Law (CHAP. 224), according to which the Management Committee of every Apartment Building or other Jointly Owned Building has an obligation to maintain an insurance for the entire Jointly Owned Building for its rebuild value.
With the Jointly Owned Building Insurance, a comprehensive insurance of the Apartment Building or other Shared Building is provided as well as the option to insure the various legal responsibilities related to the building and its management.
What does the Jointly Owned Building Insurance offer?
- Protection from material damage to the Building
- Possibility of protection from legal responsibilities related to the building and its management
- Certificate of Insurance for each Unit Owner
- Units with the independent Large Home Insurance Policy with preferential premiums
Contact Mr. Charalambos Agathaggelou and learn everything you need to know about our Competitive & Affordable Jointly Owned Building insurance plan!
| COVERAGE MATERIAL DAMAGE | STANDARD LAW PACK | PLATINUM LAW PACK |
|---|---|---|
| Fire | ||
| Lightning strike | ||
| Earthquake, volcanic eruption | ||
| Smoke | ||
| Explosion | ||
| Flooding, storm, cyclone, tornado | ||
| Water leakage, liquid fuel leakage | ||
| Riot, strike, lockout, labor unrest | ||
| Malicious acts | ||
| Falling trees, branches | ||
| Falling of antennas, radio-television and satellite installations, masts, towers and panels of solar water heaters and photovoltaics | ||
| Crashing into the building and falling aircraft | ||
| Removal of rubble, demolition, expert fees | ||
| Theft, attempted theft with actual, forceful and violent trespassing | ||
| Locating and Accessing | ||
| Frost | ||
| Emergency entry into the building | ||
| Short Circuit | ||
| Glass and hygiene parts | ||
| Accidental damage | ||
| Damage to cables or underground services | ||
| Garden Furniture in open spaces | ||
| Furniture in open areas | ||
| LEGAL RESPONSIBILITIES | ||
| As the owner or manager of the building | ||
| Members of the management committee | ||
| From a fire in a neighboring property | ||
| Legal responsibility of unit owners | ||
| Notes | Basic coverage | Optional coverage |
|---|---|---|
| What does the icon means? |
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Our residence is not just a building or a simple investment. It is our refuge, the space that characterizes and expresses us.
