{"id":16015,"date":"2026-08-13T08:00:34","date_gmt":"2026-08-13T06:00:34","guid":{"rendered":"https:\/\/pibgroupiberia.com\/?p=56164"},"modified":"2026-08-13T12:48:27","modified_gmt":"2026-08-13T10:48:27","slug":"best-insurances-for-neighbouring-communities","status":"publish","type":"post","link":"https:\/\/pibgroupiberia.com\/en\/blog\/mejores-seguros-para-comunidades-vecinos\/","title":{"rendered":"Better insurance for communities of neighbors"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"16015\" class=\"elementor elementor-16015\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7bc61efd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7bc61efd\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;ekit_has_onepagescroll_dot&quot;:&quot;yes&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7272cabb\" data-id=\"7272cabb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1faee8a4 elementor-widget elementor-widget-text-editor\" data-id=\"1faee8a4\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div style=\"width: 100%; max-width: 100%; overflow-x: hidden; box-sizing: border-box;\"><p>Choose the <strong>Better insurance for a community of neighbors<\/strong> It doesn't just consist of looking for the cheapest premium. A good policy must adapt to the building, the number of homes, the state of the facilities, the existence of garages, elevators, common areas, a swimming pool, commercial premises, or private elements that could affect the risk.<\/p><p>The <strong>insurance for neighborhood communities<\/strong> They are designed to protect the common elements of the building and the community\u2019s civil liability in the event of damage caused by the community itself or claims from third parties. Therefore, before contracting or renewing, it is advisable to review coverages, limits, excess coverage, exclusions, 24-hour assistance, water damage, civil liability, and legal protection.<\/p><p>At PIB Group Iberia we work with specific solutions <a href=\"\/en\/individuals\/insurance-solutions-for-individuals\/homeowners-association-insurance\/\">homeowners' association insurance<\/a> and we analyze each case individually to find an alternative tailored to the building, the community budget, and the real needs of owners, presidents, and property managers.<\/p><div style=\"font-family: Roboto, Arial, sans-serif; width: 100%; max-width: 100%; box-sizing: border-box; border: 1px solid #D9D8D6; border-left: 6px solid #DDBA0E; padding: 20px 22px; margin: 28px 0; background: #F7F7F7;\"><p style=\"margin: 0 0 10px 0; color: #2e3538; font-size: 20px; line-height: 1.35; font-weight: bold;\">Updated in August 2026<\/p><p style=\"margin: 0; color: #2e3538; font-size: 16px; line-height: 1.6;\">This guide has been reviewed using current hiring criteria, typical market coverage, indicative prices published on comparison websites, and regulations applicable to homeowners' associations.<\/p><\/div><div style=\"font-family: Roboto, Arial, sans-serif; width: 100%; max-width: 100%; box-sizing: border-box; border: 1px solid #D9D8D6; border-left: 6px solid #DDBA0E; padding: 20px 22px; margin: 28px 0; background: #F7F7F7;\"><p style=\"margin: 0 0 10px 0; color: #2e3538; font-size: 20px; line-height: 1.35; font-weight: bold;\">Quick answer: Which community insurance for neighbors to choose?<\/p><ul style=\"margin: 0; padding-left: 20px; color: #2e3538; font-size: 16px; line-height: 1.6;\"><li><strong>If you are looking for a low-cost option:<\/strong> Compare equivalent policies and make sure they include coverage for water damage, fire, and civil liability.<\/li><li><strong>If the building is old:<\/strong> It prioritizes damages caused by water, leaks, flooding, the condition of pipelines, the cover, and civil liability.<\/li><li><strong>If there is a garage or storage room:<\/strong> Check for theft, fire, electrical damage, civil liability, and damage to common areas.<\/li><li><strong>If there is an elevator, a swimming pool or a garden:<\/strong> Check for attendance, machinery, civil liability, weather phenomena, and maintenance.<\/li><li><strong>If you are a farm manager:<\/strong> It values agility in emergency situations, clarity of coverage, document management, and specialized support.<\/li><\/ul><\/div><h2>Comparison of insurance for communities of neighbors<\/h2><p>For this comparison, we have taken as a reference the usual coverage in community insurance policies and the indicative prices published by comparison sites and specialized sources. The options are shown anonymously as <strong>Insurance Company 1, Insurance Company 2, Insurance Company 3 and Insurance Company 4<\/strong>, Because the goal is to compare policy profiles and not to promote specific brands.<\/p><p>The prices of community insurance depend on many factors: location, building age, built area, number of homes, state of preservation, insured capital, contracted coverages, excess amounts, elevator, garage, swimming pool, commercial premises or historyrial of claims. Therefore, any figure should be understood as an indicative reference, not as a closed offer.<\/p><div style=\"width: 100%; max-width: 100%; margin: 26px 0; box-sizing: border-box;\"><div style=\"font-family: Roboto, Arial, sans-serif; width: 100%; max-width: 100%; box-sizing: border-box; border: 1px solid #D9D8D6; padding: 18px 20px; margin-bottom: 14px; background: #ffffff;\"><p style=\"margin: 0 0 6px 0; color: #2e3538; font-size: 18px; line-height: 1.35; font-weight: bold;\">Insurance Company 1<\/p><p style=\"margin: 0; color: #2e3538; font-size: 15px; line-height: 1.55;\">Option aimed at communities seeking competitive insurance at a price with relevant basic coverage: fire, water damage, civil liability, and assistance.<\/p><\/div><div style=\"font-family: Roboto, Arial, sans-serif; width: 100%; max-width: 100%; box-sizing: border-box; border: 1px solid #D9D8D6; padding: 18px 20px; margin-bottom: 14px; background: #ffffff;\"><p style=\"margin: 0 0 6px 0; color: #2e3538; font-size: 18px; line-height: 1.35; font-weight: bold;\">Insurance Company 2<\/p><p style=\"margin: 0; color: #2e3538; font-size: 15px; line-height: 1.55;\">Balanced coverage for buildings that need a comprehensive policy, with coverage for damagerial, civil liability, theft, weather events, and legal protection.<\/p><\/div><div style=\"font-family: Roboto, Arial, sans-serif; width: 100%; max-width: 100%; box-sizing: border-box; border: 1px solid #D9D8D6; padding: 18px 20px; margin-bottom: 14px; background: #ffffff;\"><p style=\"margin: 0 0 6px 0; color: #2e3538; font-size: 18px; line-height: 1.35; font-weight: bold;\">Insurance Company 3<\/p><p style=\"margin: 0; color: #2e3538; font-size: 15px; line-height: 1.55;\">More complete alternative for communities with garages, elevators, common areas, technical facilities or greater need for assistance and emergency management.<\/p><\/div><div style=\"font-family: Roboto, Arial, sans-serif; width: 100%; max-width: 100%; box-sizing: border-box; border: 1px solid #D9D8D6; padding: 18px 20px; margin-bottom: 0; background: #ffffff;\"><p style=\"margin: 0 0 6px 0; color: #2e3538; font-size: 18px; line-height: 1.35; font-weight: bold;\">Insurance Company 4<\/p><p style=\"margin: 0; color: #2e3538; font-size: 15px; line-height: 1.55;\">An interesting option for communities seeking a flexible approach, with the possibility of modularizing guarantees according to the characteristics of the building and the available budget.<\/p><\/div><\/div><div style=\"display: block; width: 100%; max-width: 100%; overflow-x: auto; overflow-y: hidden; -webkit-overflow-scrolling: touch; margin: 24px 0; box-sizing: border-box;\"><table style=\"width: 100%; min-width: 640px; max-width: none; border-collapse: collapse; font-family: Roboto, Arial, sans-serif; font-size: 15px; line-height: 1.45;\"><thead><tr><th style=\"padding: 12px; border: 1px solid #D9D8D6; background: #2E3538; color: #ffffff; text-align: left; vertical-align: top;\" scope=\"col\">Criterion<\/th><th style=\"padding: 12px; border: 1px solid #D9D8D6; background: #2E3538; color: #ffffff; text-align: left; vertical-align: top;\" scope=\"col\">Insurance Company 1<\/th><th style=\"padding: 12px; border: 1px solid #D9D8D6; background: #2E3538; color: #ffffff; text-align: left; vertical-align: top;\" scope=\"col\">Insurance Company 2<\/th><th style=\"padding: 12px; border: 1px solid #D9D8D6; background: #2E3538; color: #ffffff; text-align: left; vertical-align: top;\" scope=\"col\">Insurance Company 3<\/th><th style=\"padding: 12px; border: 1px solid #D9D8D6; background: #2E3538; color: #ffffff; text-align: left; vertical-align: top;\" scope=\"col\">Insurance Company 4<\/th><\/tr><\/thead><tbody><tr><th style=\"padding: 12px; border: 1px solid #D9D8D6; background: #ffffff; color: #2e3538; text-align: left; vertical-align: top;\" scope=\"row\">Recommended profile<\/th><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Communities that seek a reasonable price and basic guarantees.<\/td><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Residential buildings that need a balance between coverage and cost.<\/td><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Communes with an elevator, garage, common areas or greater complexity.<\/td><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Communities that want to modulate guarantees and adjust the budget.<\/td><\/tr><tr><th style=\"padding: 12px; border: 1px solid #D9D8D6; background: #ffffff; color: #2e3538; text-align: left; vertical-align: top;\" scope=\"row\">Indicative price<\/th><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">It can be located in the lower part of the range if the building has low risk and few optional guarantees.<\/td><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">It usually moves in an intermediate range, depending on capitals and coverage.<\/td><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">It can be superior if it includes comprehensive warranties, assistance, and higher limits.<\/td><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Variable depending on contracted modules and the characteristics of the building.<\/td><\/tr><tr><th style=\"padding: 12px; border: 1px solid #D9D8D6; background: #ffffff; color: #2e3538; text-align: left; vertical-align: top;\" scope=\"row\">Key coverages<\/th><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Fire, water damage, civil liability and basic assistance.<\/td><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">rialProperty damage, theft, atmospheric phenomena, RC and legal defense.<\/td><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Electrical damage, windows, 24-hour assistance, machinery and common areas.<\/td><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Configurable warranties based on continent, content, facilities and use.<\/td><\/tr><tr><th style=\"padding: 12px; border: 1px solid #D9D8D6; background: #ffffff; color: #2e3538; text-align: left; vertical-align: top;\" scope=\"row\">Strengths<\/th><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">The premium is contained if advanced coverage is not needed.<\/td><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Good ratio between usual coverage and cost.<\/td><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Greater protection for buildings with more common elements.<\/td><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Flexibility to adapt the policy to the community.<\/td><\/tr><tr><th style=\"padding: 12px; border: 1px solid #D9D8D6; background: #ffffff; color: #2e3538; text-align: left; vertical-align: top;\" scope=\"row\">What to check<\/th><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Franchises, water limits, exclusions and RC capital.<\/td><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Capital, assistance, legal defense and electrical damage.<\/td><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Machinery, elevator, garage, basements, leaks and sub-limits.<\/td><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">What guarantees are basic, which are optional, and what is excluded.<\/td><\/tr><\/tbody><\/table><\/div><p style=\"margin: -14px 0 22px 0; color: #666666; font-size: 13px; line-height: 1.4;\">On mobile, slide the table horizontally to see all the information.<\/p><p>This table helps compare policy profiles, but it does not replace a community-specific budget. Two insurance policies may appear similar and have significant differences in water damage, civil liability, assistance, deductibles, leaks, garages, coverage, loss limits, or exclusions for lack of maintenance.<\/p><h2>Which community insurance to choose based on the type of building?<\/h2><div style=\"display: block; width: 100%; max-width: 100%; overflow-x: auto; overflow-y: hidden; -webkit-overflow-scrolling: touch; margin: 24px 0; box-sizing: border-box;\"><table style=\"width: 100%; min-width: 640px; max-width: none; border-collapse: collapse; font-family: Roboto, Arial, sans-serif; font-size: 15px; line-height: 1.45;\"><thead><tr><th style=\"padding: 12px; border: 1px solid #D9D8D6; background: #2E3538; color: #ffffff; text-align: left; vertical-align: top;\" scope=\"col\">Type of community<\/th><th style=\"padding: 12px; border: 1px solid #D9D8D6; background: #2E3538; color: #ffffff; text-align: left; vertical-align: top;\" scope=\"col\">Definitely more recommended<\/th><th style=\"padding: 12px; border: 1px solid #D9D8D6; background: #2E3538; color: #ffffff; text-align: left; vertical-align: top;\" scope=\"col\">Coverings to be reviewed<\/th><\/tr><\/thead><tbody><tr><th style=\"padding: 12px; border: 1px solid #D9D8D6; background: #ffffff; color: #2e3538; text-align: left; vertical-align: top;\" scope=\"row\">Small building without elevator<\/th><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Basic insurance or adjusted multi-risk insurance.<\/td><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Fire, water damage, civil liability and legal defense.<\/td><\/tr><tr><th style=\"padding: 12px; border: 1px solid #D9D8D6; background: #ffffff; color: #2e3538; text-align: left; vertical-align: top;\" scope=\"row\">Old building<\/th><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Covered with special attention to wiring, cover, and maintenance.<\/td><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Leaks, filtrations, water damage, facade, roof, and exclusions due to wear and tear.<\/td><\/tr><tr><th style=\"padding: 12px; border: 1px solid #D9D8D6; background: #ffffff; color: #2e3538; text-align: left; vertical-align: top;\" scope=\"row\">Community with garage<\/th><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Multi-risk insurance with specific coverage for common areas and the garage.<\/td><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Robbery, fire, electrical damage, flooding, civil liability, and automatic doors.<\/td><\/tr><tr><th style=\"padding: 12px; border: 1px solid #D9D8D6; background: #ffffff; color: #2e3538; text-align: left; vertical-align: top;\" scope=\"row\">Community with elevator<\/th><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Insurance with assistance and possible guarantees for the machinery.<\/td><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Equipment damage, electrical damage, civil liability and emergency assistance.<\/td><\/tr><tr><th style=\"padding: 12px; border: 1px solid #D9D8D6; background: #ffffff; color: #2e3538; text-align: left; vertical-align: top;\" scope=\"row\">Urbanization with pool or garden<\/th><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Comprehensive insurance with extensive civil liability.<\/td><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Common areas, garden, swimming pool, atmospheric phenomena, third parties and employees.<\/td><\/tr><tr><th style=\"padding: 12px; border: 1px solid #D9D8D6; background: #ffffff; color: #2e3538; text-align: left; vertical-align: top;\" scope=\"row\">Building with commercial premises<\/th><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Insurance reviewed on a case-by-case basis.<\/td><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Use of premises, civil liability, shared facilities and additional risks.<\/td><\/tr><\/tbody><\/table><\/div><p style=\"margin: -14px 0 22px 0; color: #666666; font-size: 13px; line-height: 1.4;\">On mobile, slide the table horizontally to see all the information.<\/p><div style=\"font-family: Roboto, Arial, sans-serif; width: 100%; max-width: 100%; box-sizing: border-box; border: 1px solid #D9D8D6; border-left: 6px solid #DDBA0E; padding: 20px 22px; margin: 28px 0; background: #F7F7F7;\"><p style=\"margin: 0 0 8px 0; color: #2e3538; font-size: 20px; line-height: 1.35; font-weight: bold;\">Do you want to compare your community's insurance?<\/p><p style=\"margin: 0; color: #2e3538; font-size: 16px; line-height: 1.6;\">At PIB Group Iberia we review the building, the current policy, the capital, the coverages, the limits and the budget to help you find a suitable option.<br \/><a style=\"color: #2e3538; font-weight: bold; text-decoration: underline; text-decoration-color: #DDBA0E; text-underline-offset: 3px;\" href=\"\/en\/corporate\/contact\/\">Requests a personalized assessment<\/a>.<\/p><\/div><h2>What is the best insurance for a homeowners association?<\/h2><p>The <strong>the best insurance for a homeowners association<\/strong> It will be the one that correctly covers the building's actual risks. It won't always be the cheapest or the one that appears to have the most guarantees. The key is to compare equivalent policies and check that the limits, deductibles, and exclusions fit the community.<\/p><p>Before hiring, it is advisable to answer these questions:<\/p><ul><li>How old is the building;<\/li><li>If the water pipes have been renewed;<\/li><li>If there are recurring leaks or previous accidents;<\/li><li>If there is an elevator, garage, pool, garden, storage rooms or premises;<\/li><li>What capital is secured for the continent and common elements;<\/li><li>What limits of civil liability are included in the policy;<\/li><li>If there are franchise agreements for water damage or other guarantees;<\/li><li>Whether 24-hour assistance is included or optional;<\/li><li>If it covers only community elements or also certain private elements.<\/li><\/ul><h2>What does a community-owner insurance cover?<\/h2><p>A <strong>Community residents' insurance<\/strong> covers the risks that affect the building and its common elements, always within the limits and conditions of the policy. The specific coverages may vary depending on the contracted policy.<\/p><h3>Continent and common elements<\/h3><p>The continent refers to the building and its construction elements: structure, facades, roof, cover, stairs, portico, fixed installations, communal pipelines, communal garage and other common elements.<\/p><p>It is important that the insured capital is adequate. If the building is undervalued, insurable underpricing may apply and the compensation may not cover the actual cost of repair or reconstruction.<\/p><h3>Community content<\/h3><p>Community content includes property belonging to the community that is found in common areas, such as portal furniture, maintenance tools, decorative elements, cleaning equipment, or certain shared items.<\/p><p>It should not be confused with the private contents of each dwelling, which normally corresponds to the home insurance of each owner or tenant.<\/p><details style=\"font-family: Roboto, Arial, sans-serif; width: 100%; max-width: 100%; box-sizing: border-box; border: 1px solid #D9D8D6; padding: 14px 16px; margin: 14px 0; background: #ffffff;\"><summary style=\"cursor: pointer; color: #2e3538; font-size: 17px; line-height: 1.4; font-weight: bold;\">See essential coverage in community insurance<\/summary><ul style=\"margin: 14px 0 0 0; padding-left: 20px; color: #2e3538; font-size: 15px; line-height: 1.6;\"><li>Fire, explosion and smoke;<\/li><li>Damage caused by water;<\/li><li>Civil liability of the community;<\/li><li>Atmospheric phenomena;<\/li><li>Robbery or vandalism in common areas;<\/li><li>Electrical damage;<\/li><li>Breaking of glass, mirrors or common elements;<\/li><li>Legal defense;<\/li><li>Urgent assistance in the community.<\/li><\/ul><\/details><details style=\"font-family: Roboto, Arial, sans-serif; width: 100%; max-width: 100%; box-sizing: border-box; border: 1px solid #D9D8D6; padding: 14px 16px; margin: 14px 0; background: #ffffff;\"><summary style=\"cursor: pointer; color: #2e3538; font-size: 17px; line-height: 1.4; font-weight: bold;\">See additional coverage that may be useful<\/summary><ul style=\"margin: 14px 0 0 0; padding-left: 20px; color: #2e3538; font-size: 15px; line-height: 1.6;\"><li>Locating and repairing breakdowns;<\/li><li>Clearing the blockage;<\/li><li>Filtrations through roofs or facades;<\/li><li>Aesthetic restitution;<\/li><li>Equipment damage;<\/li><li>Employers\u2019 civil liability if there are employees;<\/li><li>Civil liability of the board of directors;<\/li><li>Pest control;<\/li><li>Handy service or basic maintenance;<\/li><li>Claiming community fees, if applicable.<\/li><\/ul><\/details><h2>Damage from water, leaks and flooding: the most delicate point<\/h2><p>Water damage is often one of the most relevant coverages in a community insurance policy. Before signing up, it is important to differentiate between communal pipes, private pipes, roof leaks, downpipes, sewer clogs, and damage caused by lack of maintenance.<\/p><p>A policy can cover water damage and, at the same time, exclude certain situations if the cause is progressive deterioration, lack of maintenance, unchannelled leaks, or proprietary elements that do not belong to the community.<\/p><p>Therefore, in old buildings or with recurring problems, it is advisable to check:<\/p><ul><li>If it covers location and repair of the fault;<\/li><li>If it includes damages caused by community pipelines;<\/li><li>If it envisages leaks from the roof or facade;<\/li><li>If there are franchise agreements for water damage;<\/li><li>If there are sublimits per accident or per year;<\/li><li>If it requires accredited maintenance;<\/li><li>He makes a distinction between community and private damage.<\/li><\/ul><h2>Is homeowners' association insurance compulsory?<\/h2><p>At the state level, the <a href=\"https:\/\/www.boe.es\/eli\/es\/l\/1960\/07\/21\/49\/con\/20250724\" target=\"_blank\" rel=\"noopener noreferrer\">Horizontal Property Law<\/a> It does not establish a general obligation for all communities to contract insurance, but does allow the community, from the reserve fund, to enter into an insurance contract that covers damage caused to the property or a contract for the permanent maintenance of the property and its general facilities.<\/p><p>However, there are autonomous regulations that do establish specific obligations:<\/p><ul><li><strong>Community of Madrid:<\/strong> The <a href=\"https:\/\/www.boe.es\/diario_boe\/txt.php?id=BOE-A-1999-12090\" target=\"_blank\" rel=\"noopener noreferrer\">Law 2\/1999, on Measures for the Quality of Construction<\/a>, indicates that every building must be insured against the risks of fire and damage to third parties.<\/li><li><strong>Comunidad Valenciana:<\/strong> The <a href=\"https:\/\/www.boe.es\/buscar\/doc.php?id=BOE-A-2004-19752\" target=\"_blank\" rel=\"noopener noreferrer\">Law 8\/2004 on Housing in the Valencian Community<\/a>, It establishes that residential buildings must be insured against the risk of fires and third-party damage, and that the community of owners must subscribe to these insurance policies for the common elements of the property.<\/li><\/ul><p>Although in other autonomous communities it may not be mandatory in the same terms, contracting community insurance is usually a prudent decision to avoid high expenses, conflicts between neighbors, and economic problems in the event of a significant accident.<\/p><h2>Community and home insurance: differences<\/h2><p>Community insurance does not necessarily replace each neighbor's home insurance. They cover different risks and can be complementary.<\/p><div style=\"display: block; width: 100%; max-width: 100%; overflow-x: auto; overflow-y: hidden; -webkit-overflow-scrolling: touch; margin: 24px 0; box-sizing: border-box;\"><table style=\"width: 100%; min-width: 640px; max-width: none; border-collapse: collapse; font-family: Roboto, Arial, sans-serif; font-size: 15px; line-height: 1.45;\"><thead><tr><th style=\"padding: 12px; border: 1px solid #D9D8D6; background: #2E3538; color: #ffffff; text-align: left; vertical-align: top;\" scope=\"col\">Type of insurance<\/th><th style=\"padding: 12px; border: 1px solid #D9D8D6; background: #2E3538; color: #ffffff; text-align: left; vertical-align: top;\" scope=\"col\">What it usually covers<\/th><th style=\"padding: 12px; border: 1px solid #D9D8D6; background: #2E3538; color: #ffffff; text-align: left; vertical-align: top;\" scope=\"col\">Who does it protect?<\/th><\/tr><\/thead><tbody><tr><th style=\"padding: 12px; border: 1px solid #D9D8D6; background: #ffffff; color: #2e3538; text-align: left; vertical-align: top;\" scope=\"row\">Community insurance<\/th><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Common elements, community civil liability, damages in common areas, and building risks.<\/td><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">To the homeowners' association.<\/td><\/tr><tr><th style=\"padding: 12px; border: 1px solid #D9D8D6; background: #ffffff; color: #2e3538; text-align: left; vertical-align: top;\" scope=\"row\">Home insurance<\/th><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">Private residence, private contents, family civil liability and damage caused by the home.<\/td><td style=\"padding: 12px; border: 1px solid #D9D8D6; color: #2e3538; vertical-align: top;\">To the owner or tenant of the property.<\/td><\/tr><\/tbody><\/table><\/div><p style=\"margin: -14px 0 22px 0; color: #666666; font-size: 13px; line-height: 1.4;\">On mobile, slide the table horizontally to see all the information.<\/p><p>If a neighbor wants to protect their home, furniture, appliances, personal belongings, or family civil liability, they should also review their <a href=\"\/en\/individuals\/insurance-solutions-for-individuals\/household-insurance\/\">household insurance<\/a>. If the property is rented, it may also be worth considering having it valued. <a href=\"\/en\/individuals\/insurance-solutions-for-individuals\/non-payment-of-rent-insurance\/\">non-payment of rent insurance<\/a>.<\/p><h2>How much does a neighborhood association insurance cost?<\/h2><p>The <strong>price of a community-dwelling insurance<\/strong> It is not fixed. In current public references, indicative ranges are observed around <strong>70-130 euros per year per dwelling<\/strong> for multi-risk community insurance, although the final amount may be below or above depending on the building and the coverages.<\/p><details style=\"font-family: Roboto, Arial, sans-serif; width: 100%; max-width: 100%; box-sizing: border-box; border: 1px solid #D9D8D6; padding: 14px 16px; margin: 14px 0; background: #ffffff;\"><summary style=\"cursor: pointer; color: #2e3538; font-size: 17px; line-height: 1.4; font-weight: bold;\">See factors that influence the price<\/summary><ul style=\"margin: 14px 0 0 0; padding-left: 20px; color: #2e3538; font-size: 15px; line-height: 1.6;\"><li>Location of the building;<\/li><li>Year of construction;<\/li><li>State of preservation;<\/li><li>Number of homes and premises;<\/li><li>Built area;<\/li><li>Capital insured of the continent;<\/li><li>The presence of a garage, an elevator, a swimming pool, a garden or storage rooms;<\/li><li>Type of pipelines and renovations carried out;<\/li><li>Historyrial of accidents;<\/li><li>Applicable franchises;<\/li><li>Limits of civil liability;<\/li><li>Optional covers contracted.<\/li><\/ul><\/details><p>That is why, one <strong>insurance comparison tool for neighborhood communities<\/strong> It can serve as a first guide, but the final decision should be based on a technical review of the policy and a budget adapted to the building.<\/p><h2>How to compare homeowners' insurance policies<\/h2><p>To compare community insurance, it is not enough to look at the final price. It is better to compare policies with equivalent guarantees and review the conditions that can make a difference in the event of an accident.<\/p><ul><li><strong>Capital of the continent:<\/strong> It should be sufficient to reconstruct or repair the building according to its characteristics.<\/li><li><strong>Water damage:<\/strong> It is advisable to check if it includes location of the defect, repair, and damage caused.<\/li><li><strong>Civil liability:<\/strong> It is key in the event of damage to third parties in common areas or by elements of the building.<\/li><li><strong>Franchises:<\/strong> A lower premium may mean higher costs for the community in each accident.<\/li><li><strong>24-hour assistance:<\/strong> Important in urgent plumbing, electrical, locksmithing or relevant damage repairs.<\/li><li><strong>Legal defense:<\/strong> It can help with claims and conflicts related to the community.<\/li><li><strong>Exclusions:<\/strong> It is necessary to read assumptions about lack of maintenance, wear and tear, or pre-existing defects with care.<\/li><li><strong>Claims management:<\/strong> The speed and clarity of the process are especially important for managers and presidents.<\/li><\/ul><h2>Common mistakes when contracting community insurance<\/h2><p>When looking for cheap community insurance, some communities end up contracting an insufficient policy. This can lead to problems when an accident occurs and the coverage doesn't respond as expected.<\/p><ul><li><strong>Contracting only for price:<\/strong> A low premium may conceal reduced limits, franchises or relevant exclusions.<\/li><li><strong>Do not update capitals:<\/strong> The insured value must be reviewed to avoid underinsurance.<\/li><li><strong>Do not check for water damage:<\/strong> It is one of the most important guarantees in residential buildings.<\/li><li><strong>Confusing common and proprietary elements:<\/strong> Not all damage within a home is covered by the community policy.<\/li><li><strong>Forget the garage:<\/strong> You may need specific coverages for fire, theft, water, or civil liability.<\/li><li><strong>Not declaring reforms:<\/strong> Improvements in conduction, roofing, or facade can influence price and acceptance.<\/li><li><strong>Not reviewing the policy every year:<\/strong> The needs of the community and the market conditions change.<\/li><\/ul><h2>How do you know if the community is paying too much?<\/h2><p>Many communities renew insurance for years without reviewing whether the policy remains competitive. This can lead to two problems: paying for coverage that is not needed or, worse still, maintaining insufficient limits for the actual risks of the building.<\/p><p>It is advisable to review the policy when:<\/p><ul><li>The annual premium has increased a lot;<\/li><li>Several accidents have occurred due to water;<\/li><li>Conductors, the roof, the facade or installations have been renovated;<\/li><li>An elevator has been installed, solar panels have been installed, a swimming pool has been installed, or other common elements have been installed;<\/li><li>There are doubts about franchises or exclusions;<\/li><li>The administrator needs to present several alternatives to the board;<\/li><li>The community doesn't know exactly what their current insurance covers.<\/li><\/ul><h2>Compare your community's insurance with personalized advice<\/h2><p>An online comparison can help you get started, but the <strong>Better insurance for neighborhood communities<\/strong> It will be the one that responds to the specific characteristics of the building and to the real needs of the community.<\/p><p>At PIB Group Iberia, we can help you compare options based on location, age, number of homes, building condition, insured capital, water damage, civil liability, assistance, franchise fees, exclusions and available budget.<\/p><p><a href=\"\/en\/corporate\/contact\/\"><strong>Requests a personalized assessment<\/strong><\/a> and sarewe reviewed what alternative of <a href=\"\/en\/individuals\/insurance-solutions-for-individuals\/homeowners-association-insurance\/\">homeowners' association insurance<\/a> it might fit better with your community.<\/p><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Elegir el mejor seguro para una comunidad de vecinos no consiste solo en buscar la prima m\u00e1s barata. Una buena p\u00f3liza debe adaptarse al edificio, al n\u00famero de viviendas, al estado de las instalaciones, a la existencia de garajes, ascensor, zonas comunes, piscina, locales comerciales o elementos privativos que puedan afectar al riesgo. Los seguros [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":16016,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":4.9,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"CreativeWorkSeries","footnotes":""},"categories":[16],"tags":[],"class_list":["post-16015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-particulares"],"yasr_visitor_votes":{"stars_attributes":{"read_only":false,"span_bottom":false},"number_of_votes":1,"sum_votes":5},"_links":{"self":[{"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/posts\/16015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/comments?post=16015"}],"version-history":[{"count":4,"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/posts\/16015\/revisions"}],"predecessor-version":[{"id":22526,"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/posts\/16015\/revisions\/22526"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/media\/16016"}],"wp:attachment":[{"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/media?parent=16015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/categories?post=16015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/tags?post=16015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}