Are you the co-owner and perhaps the administrator of your co-ownership? It is important to take an interest in the question of insurance since it is used to protect you against the significant financial consequences of a disaster and therefore to protect your assets.
In all cases, it is a shared responsibility between all the co-owners and the syndicate, whether to insure themselves adequately or to claim in the event of a claim.
2 insurance contracts apply in co-ownership
The co-owner's insurance for his co-ownership unit;
Condominium Insurance Syndicate, which is a business insurance contract.
Is it compulsory to have condominium insurance?
All co-owners and syndicate are required, under the Civil Code, to have civil liability insurance coverage.
The syndicate is also required to insure the building against the usual risks such as fire and vandalism.
The declaration of co-ownership may also oblige the co-owner to take out certain insurances. Before insuring your condominium unit, it is therefore important to read it.
You generally have the choice between these two types of contract for your co-ownership insurance:
In addition to you and your spouse, your policy covers the following people:
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