Insurance community and home: Comunicantes but independent

Today we will approach in the field of home , an issue that raises some doubts when thinking about home insurance, unless you are a specialist in the matter, the insurance community.


What do we mean? To properly understand the similarities, differences and commonalities between home insurance and one of communities . The differences seem obvious at first glance, but an incorrect interpretation carried out by the customer can lead to uncomfortable situations.

Especially as regards the coverage , the issue traditionally generates more problems of interpretation. Which of them belong to each insurance? What insurance takes care communities and covering a home insurance policy? Let's try to leave it as clear as possible in this post.

Different and complementary

For starters, keep in mind that home insurance and community are different but complementary, so one does not serve to replace the other and vice versa; and both have significant differences in the definition of hedging, since the object of insurance is different but perfectly complementary. We'll see how.

In the case of home insurance, it can protect both your continent (the structure and construction of the house) as its content , goods that rarely stay inside. Not to mention the possibility to sign a liability coverage that will help us to heal health against possible damage to third parties. Meanwhile, a safe community serves to cover risks or incidents that may occur in the building and fixed or related facilities (such as gardens, swimming pools, storage rooms or garages), besides offering also ... liability coverage for community level.

Virtually all live in a community, either vertically or a building or in a residential home, and it is important, therefore, to know in some detail what coverages you have the community insurance before hiring our home insurance policy in order to avoid to pay twice for the same warranty or we increase the value of homeownership unnecessarily; It will also help us to know what to expect if there is a problem with our neighbors. Without forgetting that the community insurance will not protect us from everything, it never includes the contents of each house and many of the specific risks that it faces.

Reasons of conflict or confusion

Let's talk about some aspects that can cause confusion or conflict, as in the case of civil liability in one area and another. On the personal (home insurance) liability as owner and contents of the house, or everyday personal and family life or property of pets are covered; in the common area (insurance communities) the focus is on the common elements and building facilities, with optional possibilities as civil liability for damages suffered in an accident by employees of the community or liability components the governing board for damages to it. As always, the chances of insurance coverage offered both come "to infinity and beyond," Buzz Lightyear would say, and so many do not end up with a single article.

Another aspect that tends to produce controversy are the damage caused by water , which is quite common, and yet is not so clear in general. As a rule we always go to what we have said several times before, home insurance covers our facilities "door inside" communities and the common facilities as downspouts, and general of "out door". Yet there are exceptions and in each case should read the policy to know what to expect.

Less issue offers the question of content , it is more understandable and well differentiated in a policy and another. Each owner must worry about securing the goods and chattels found inside your home, while Community protection insurance covers only goods, decoration, elements, etc. hosted or installed in public areas.

No need to choose, therefore, between a home insurance and one community. As we have seen are independent and complementary, and if we have complete coverage of our nearest space we hire both ... or rely on luck and I did not miss anything.