Communities

Community insurance for homeowners associations

Q: How can my community protect itself against claims or defaults by owners?

By taking out the Legal Protection optional cover, Community Insurance will assume any expenses arising from professional and legal fees in defence proceedings and/or claim fees from work-related or criminal proceedings. If an owner does not pay their owners association fees, the owed amounts can be claimed in two ways. Firstly, amicably, whereby the owners association can request the payment from the owner and/or tenant with the corresponding interest accrued. And, secondly, the owners association can opt to claim through the courts, which will require legal advisory services and the involvement of a lawyer and/or solicitor.

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What does Community insurance for homeowners associations offer you?

Every community of homeowners is unique and Plus Ultra Seguros knows it. That's why with Community insurance for homeowners associations, we offer a range of cover to protect your homeowners' community, as well as the common and private elements in your building, in the event of any unexpected events that could arise.

Advantages of this insurance

Peace of mind for your residents community

We provide you a comprehensive solution adapted to each building, ensuring peace of mind and comfort for its owners and families in the event of any undesirable situations.

For every type of community

Whether it's a group of homes owned by different people or just one person, or a community of private garages or you are searching for a plan for communal outdoor areas.

Thinking about your neighbours' welfare

With cover against serious risks such as fire and water damage in communal areas, glass breakage in communal areas and public liability for buildings.

With access to very useful services

Such as claims from owners for non-payment, technical building advice, pest control service or prevention service for pipe and drain blockage.

Main coverage

Fire damage: Fire, explosions and lightning

There are many situations in which the structural elements in your community, the common facilities and even the trees and plants in the garden may be affected by fire, either through everyday accidents or other circumstances. With Community insurance for homeowners associations we cover any damage caused by the direct action of fire, explosion of facilities or devices, as well as that caused by lightning. This guarantee also includes expenses arising from the fire's extinction or secondary damage such as smoke.

Weather damage

Although your property and those of your neighbours are ready for most atmospheric phenomena, when they happen with a certain intensity damage may appear. By taking out a community insurance plan you will have the best protection against damage to buildings, both in the cases described above and if infiltration of water occurs in roofs and coverings, regardless of the intensity.

Acts of vandalism and malice

The entrance and other communal areas may occasionally sustain damage caused by acts of vandalism by people unconnected to the community. With this cover included in your community insurance policy, you will be able to deal with these situations.

Water damage: flooding, breakages, and leaks

Water is an element that can become the worst enemy of your community of residents as it is among the most common losses. Accidental leaks, breakages or taps left running are some situations covered, provided that they happen in communal facilities, tanks and pipes, and if you include specific cover for plumbing and drainage.

Another inconvenience a community may face is blockages. In your insurance you will be able to include coverage of expenses for community piping failure and, to avoid them, complete your policy with the exclusive preventive drainage service.

Electrical damage: power surges and short circuits

Among the commonest losses which occur in communities of owners are those brought about by power surges, short circuits or devices that are overloaded. With this cover you will protect the general electrical installations in your community's building and damage to jointly owned fixed electrical or electronic appliances as a result of these occurrences.

Damage due to glass or mirror breakage

Panes of glass, mirrors, glass and glass doors and windows, as well as porcelain sanitary fittings of the community are usually the most fragile points and sustain damage the most often. This cover includes the repair or replacement thereof, provided that they form a fixed part of the community building.

Robbery, burglary and assault

Although you have taken the security measures necessary to avoid theft in your community, they are not always effective, but with our robbery or theft cover you can feel more protected. In these cases, your insurance will be liable for loss and damage to construction elements and fixed installations of the building which are owned by the community.

Services

Take out your community insurance and get access to exclusive care services that will help you when you most need it, such as sending professionals and repair workers, locksmith and emergency electricians, pest control service, technical building advice or telephone building management service, among others. Consult your usual mediator on how to obtain the best protection for your community of homeowners and residents.

Modalities

So that you can make your choice, we have prepared for you a comparison of community insurance policies according to the type you can choose.

Communities and Buildings single owner

This modality is designed for those communities of flats, apartments and offices, whether they are owned by one or several owners, located in one or more tower blocks that form a community of residents. This insurance can include common facilities, garages, green spaces and business premises that form part of the community.

Single-family communities

Single-family housing communities have their own characteristics and needs, which is why we have created a specific modality for them, giving special relevance to the coverage and services most requested by this type of community.

Communities common outside area

On occasions, several communities of neighbours or residential developments of single-family houses share a communal outdoor area that includes facilities, recreational areas such as swimming pools, sports grounds or playgrounds or even premises for community use and enjoyment. With this modality, our Community insurance for homeowners associations offers a specific solution for this type of area with protection and services cover for all its elements.

Community garages

Our Community Insurance also has an appropriate modality for community garage facilities for private use that seek specific insurance with the appropriate coverage for their use and needs.

FAQs

What is the difference between buildings and contents?

Buildings includes the physical structure of the building, walls, ceilings/roofs and floors, as well as garages, parking spaces, storage rooms, installed utilities, toilets, solar panels, or leisure facilities such as swimming pools or sports grounds and garden plants and trees.

Contents refers to the furniture and furnishings that belong to the owners' community and do not have a proprietary character, which are located in the common parts of the insured building.

What types of Public Liability do you require for a Community of residents?

Public Liability covers the payment of any indemnity that the community of homeowners has to face due to being civilly liable as a result of direct bodily harm, material damage or loss arising thereof caused unintentionally by third parties.

Our Community insurance for homeowners associations offers several modalities to complete this cover:

Public liability of the property: arising from the insured building, and it includes actions carried out by employees contracted by the community.
Employers' public liability: which will take care of the corresponding indemnities arising from work-related accidents sustained by employees of the community while carrying out their work in the insured building, provided that they contribute to the Social Security system.
Public liability of the governing board: that protects the community's governing bodies.
Public liability through environmental contamination: damage caused to natural resources by the introduction or dispersion of harmful materials.

How can my community protect itself against claims or defaults by owners?

By taking out the Legal Protection optional cover, Community Insurance will assume any expenses arising from professional and legal fees in defence proceedings and/or claim fees from work-related or criminal proceedings.

If an owner does not pay their owners association fees, the owed amounts can be claimed in two ways. Firstly, amicably, whereby the owners association can request the payment from the owner and/or tenant with the corresponding interest accrued. And, secondly, the owners association can opt to claim through the courts, which will require legal advisory services and the involvement of a lawyer and/or solicitor.

What does the Community insurance for homeowners associations cover regarding vehicles in a private garage?

When contracting this optional cover, the Community insurance for homeowners associations covers any eventual damage sustained by vehicles parked in the garage due to Fire, Explosion and/or Theft. In the event of theft, the cover is applicable exclusively to the total disappearance of the vehicle.

This protection has been conceived for the cars of owners that are kept in the communal parking area, provided that it is under cover and not in the open air.

What does cosmetic damage cover?

The aim of this guarantee is to ensure any damage caused by an accident and the subsequent repair does not alter the aesthetics of your building in any way.

For example, you have some repairs carried out on your pipes and some tiles end up broken - and you can't find a match for the originals. If you have this coverage we take care of maintaining the aesthetic of the area affected, and would replace all of the tiles for new ones with similar characteristics.

What happens in the event of breakdown of lifts, pumping equipment, treatment plants and other machinery?

If you wish, you can take out the optional Machinery Breakdown cover, and the insurance will also cover these repairs.

What happens with the income I lose if a claim prevents me from renting out a flat or premises?

This issue mainly affects owners of buildings who have rented several dwellings or premises. By taking out the optional Rental Loss guarantee, the policy covers the loss of these amounts. Compensation will be calculated based on the monthly amount of the rentals in effect at the time of the claim and the material term necessary to render the affected dwellings, offices or premises usable again.