Community Insurance
May 8th 2011, 8:18 pm
#1
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Thread Starter
Joined: Jun 2010
Posts: 10
Community Insurance
I have just bought a detached property on a small urbanisation of five other properties.
I have insurance for buildings cover and contents of my own property.
I have asked the President regarding Community Insurance for the common areas e.g. walkways, community pool, stairways.
I have been told that it is not required.
Is it a legal requirement in Spain to have Community Insurance or is it just "nice to have"?
As a minimum, must we have Public Liability insurance to cover the Community in the event that either a renter or other third party (e.g. workman or visitor) is injured when in the Community areas ?
I have insurance for buildings cover and contents of my own property.
I have asked the President regarding Community Insurance for the common areas e.g. walkways, community pool, stairways.
I have been told that it is not required.
Is it a legal requirement in Spain to have Community Insurance or is it just "nice to have"?
As a minimum, must we have Public Liability insurance to cover the Community in the event that either a renter or other third party (e.g. workman or visitor) is injured when in the Community areas ?
May 8th 2011, 8:32 pm
#2
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Joined: Jul 2003
Location: Benalmadena Pueblo,Spain
Posts: 20,156
Re: Community Insurance
It is required, but should be paid out of the community funds by the administrator not by the individuals.
May 8th 2011, 8:59 pm
#3
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Thread Starter
Joined: Jun 2010
Posts: 10
Re: Community Insurance
Originally Posted by jdr
It is required, but should be paid out of the community funds by the administrator not by the individuals.
May 9th 2011, 4:05 pm
#4
RETIRED ;-))
Joined: Jul 2003
Location: Benalmadena Pueblo,Spain
Posts: 20,156
Re: Community Insurance
Originally Posted by fergusonsfolly
Thanks JDR, but is it a legal requirement, and if so what is the relevant legislation ?
