The basic guarantees of co-ownership insurance
The basic guarantees typically relate to fire, water damage or theft.
In the fire guarantee, the indemnity will correspond to the value of new reconstruction on the day of the loss of the guaranteed real estate. This means that the obsolescence of the building is not taken into account if it does not exceed a limit of 25 to 33% (fixed in the contract) of the reconstruction value of the property. When the age is equal to or below the limit set in the contract, the insurer will pay compensation equal to 100% of the reconstruction value.
The water damage concerned is pipe breaks, overflows, accidental leaks from non-underground pipes as well as infiltration through roofs, freezing of interior pipes, overflows, etc.
The storm, hail and snow will mainly affect the damage caused to the roof. This guarantee is systematically coupled with the fire risk. However, damage to shutters, shutters and verandas is excluded.
Natural disasters (flood, earthquake, avalanche, etc.) and acts of terrorism are also systematically covered. This guarantee will only come into play after the publication in the Official Journal of an interministerial decree noting the nature of a natural disaster of the event occurring in the municipality in question.
The theft guarantee will cover property damage caused by burglars such as the breakage of locks or doors ...
The breakage of windows and windows in the common areas of the building, glass walls that serve as a separation between the adjoining balconies which are common areas for private use ...
A more often very useful which takes care of the legal costs in the event of procedure.
Civil Liability Insurance: