Community insurance in Zaragoza

Why take out insurance for your community?

What do our customers think?

Experts in community insurance in Zaragoza

At PIB Group Iberia we work with numerous companies and we have a vast experience in this type of policies. As insurance brokers, we find the Zaragoza community insurance that will provide you with the fastest and most effective response possible to any eventuality.

What is homeowners' association insurance?

Community insurance policies seek to guarantee a better coexistence among the building’s neighbors by solving incidents that may arise and affect the insured community, such as a water leak or damage to key infrastructure. Thus, these policies avoid unforeseen financial burdens for residents.

They are essential to protect the interests of the owners against possible accidents in common areas requiring urgent repairs. Although all community insurances may seem similar, it is the small details that determine the robustness of their coverage in the event of a claim (deductibles, coverage for blockages, leaks, sub-limits…).

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How does homeowners' association insurance work?

At PIB Group Iberia we analyze in detail the coverages of the different community insurances in the market to provide you with a solution that suits your requirements. We work with very specialized insurance companies that are significantly improving policies that have been in force for years.

With our personalized service, we can find a community insurance in Zaragoza that guarantees you peace of mind and property security and a good backup against unforeseen events and damages that may suffer both the building and its common areas (even in some cases, private areas).

What does homeowners' association insurance cover?

Property damage

Problems in the building

From water damage – leaks, clogged pipes or water leaks – to fire, explosion, smoke damage, glass breakage and atmospheric phenomena.

Liability

Damage to third parties

Includes coverage in the event of a loss affecting neighbors, co-owners and third parties because they have suffered damage caused by any of the building’s installations.

Other coverages

Depending on the community

Theft and vandalism, temporary re-housing, assistance to the community or employees’ accidents if the building has any, and even claims for non-payment of quotas.

(*) The information contained in this page is for information purposes only and does not constitute a binding offer. The definitive terms and conditions of any insurance coverage are detailed exclusively in the specific policy issued. In case of discrepancies, the conditions stipulated in the specific policy shall prevail.

Frequently asked questions about our community insurance service in Zaragoza

A community of owners is constantly exposed to possible unforeseen events that may affect its stability. Having a specific insurance policy for the community makes it possible:

  • Avoid gaps in coverage: a home insurance policy does not cover common elements such as downspouts, roof, elevator electrical system or common areas.
  • Efficient claims management: in the event of water damage, for example, both home and community insurance are activated to determine liability and resolve it quickly.
  • Extended coverages: current insurance policies can cover from pests to aesthetic damage in common areas, elevator breakdowns, storage rooms or even the liability of the president of the community.
  • Competitive prices: for an adjusted premium, it is possible to minimize neighborhood conflicts and resolve incidents in an agile manner.

No, there are important differences between companies and policies. Some insurances:

  • They do not offer the same coverage, especially in buildings of a certain age.
  • They impose high deductibles or directly exclude certain risks such as water damage in old buildings.
  • Other companies, on the other hand, choose to send an expert to assess the real state of the building and adjust coverages and deductibles, which can be an advantage for the neighbors.

In fact, at PIB Group Iberia we have been able to achieve insurance with 40% savings and better coverage than the previous ones, simply by updating policies that were outdated both in terms of price and guarantees.

This calculation is made by the insurer itself based on several factors:

  • Age of the building.
  • Total area in square meters.
  • Zip Code.

Based on this data, the insurer applies its own internal scales to set the sum insured. It is not something that the community must calculate on its own.

Yes, but with nuances. The insurance covers weather damage provided that it is proven that certain intensity thresholds have been exceeded.

Our experts help you to gather the necessary evidence (AEMET reports, news…) to justify that the damage was the consequence of a severe weather phenomenon.

When a loss occurs, it is essential to identify who or what caused it. If the origin is in a common element, such as a downspout, the community insurance should take care of it, as long as the unblocking is included in the policy.

However, many old policies do not contemplate this type of coverage, so it is important to review what guarantees you have contracted. Remember that at PIB Group Iberia we are at your disposal to give you advice.

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