Jointly Owned Building Insurance - micomplex
The innovative micomplex Insurance plan is addressed to the Management Committees of Common Buildings, Apartment Buildings or Complexes.
It also concerns Owners of Private Units such as apartments, houses, offices, shops, etc., which are part of a Common Building.
According to the Legislation, the Management Committee of each Common Building has an obligation to maintain insurance for the Common Building against Fire and Other Risks, at replacement value.
The micomplex plan provides the possibility of comprehensive insurance of the Common Building, Apartment Building or Complex, including the Privately Owned Private Units.
| COVERAGE TABLE | Essential | Extended | Privileged |
|---|---|---|---|
| Compulsory covers | |||
| Fire-Smoke | |||
| Fire from short-circuit | |||
| Lightning Strike | |||
| Fire-fighting damage | |||
| Earthquake | |||
| Domestic use boiler/LPG explosion | |||
| Additional covers | |||
| Tempest, Storm, Windstorm | |||
| Flood | |||
| Collision | |||
| Strikes, riots, civil commotion, political or labor disturbances | |||
| Malicious acts | |||
| Leakage, bursting of pipes or tank overflow | |||
| Investigation costs for leakage or bursting of pipes-jointly owned property and per unit | € 1000 |
€ 1500 |
|
| Falling of trees | |||
| Forest fire | |||
| Burglary - Robbery | |||
| Public liability of insured | |||
| per event | € 100.000 |
€ 200.000 |
€ 200.000 |
| aggregate limit | € 200.000 |
€ 400.000 |
€ 400.000 |
| Extensions of cover | |||
| Engineers and architects fees | |||
| Removal of debris expenses | |||
| Owner's liability to tenant (per owner) | € 10.000 |
€ 10.000 |
€ 10.000 |
| Electrical and electronic household appliances (short-circuit due to lightning strike) - per unit | € 1.500 |
€ 1.500 |
€ 1.500 |
| Water-meter loss(per meter) | € 300 |
€ 300 |
€ 300 |
| Accidental breakage of glass insured property |
€ 1.000 |
||
| Extended explosion | |||
| Content in open outdoor areas | |||
| Extension of unoccupancy period of insured property | |||
| 31-90 days | |||
| 91-180 days | |||
| 181-365 days | |||
* For contract's terms, contact us or our agents.
This website is designed to provide you with data which offers an indication of our product and services. We have made every effort to ensure that those are in accordance with the products and services currently on offer to our customers. Those data may be changed without notice and we do not take any responsibilities or provide any warranties with regard to the availability of the products or services, the price that appears or the content of insurance plan you chose. To receive the latest and conclusive pricing and specification information, please visit one of our offices or contact our insurance agents.