Community insurance 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to achieve insurance with 40% savings and better coverage than the previous ones, simply by updating policies that were outdated both in terms of price and guarantees.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.