Residential Buildings
ABOUT THE PRODUCT
The PREMIUM Residential Buildings product offers an ideal insurance solution for administrators of residential buildings and owners' associations. This product provides extensive property protection and coverage for risks that owners of flats and non-residential premises may face.
Insurance benefits
- All-risks coverage – Protection against all risks except those explicitly excluded
- Comprehensive solution for damage to residential buildings, without unnecessary exceptions
- Liability insurance not only for third parties, but also between the owners themselves
- Effective handling of various types of damage events
- Thanks to its wide coverage, the possibility of claim rejection is minimised.
For administrators and associations of residential building owners, the PREMIUM Residential Buildings product provides reliable property protection and liability coverage within a single package.
INSURANCE COVERAGE
Advantages of PREMIUM Residential Buildings insurance
Through Residential Buildings Insurance from PREMIUM Insurance Company, we offer a flexible selection of insurance subjects and risks. In the event of total damage, you will not only receive reimbursement for the construction costs of a new residential building, but we will also cover the cost of purchasing another flat (or flats) in the same location and of the same standard.
Advantages of PREMIUM Residential Buildings insurance:
- Sub-insurance tolerance of up to 20%, protecting you from reduced insurance claim payments
- Automatic supplementary insurance of up to 2,000 euros included in the basic insurance package
- The insurance claim payment limit is renewed after each insured event.
Machinery breakdown and electronics insurance in residential buildings
This insurance covers the technical risks associated with machinery and electronics within residential buildings, such as lifts, boilers, electronic gates, and camera systems.
We cover risks caused by:
- Structural and design defects
- Material defects
- Negligence of operators
- Failure of control, measurement, regulation, and safety devices
We also cover the costs of repair, disassembly, assembly, transport of spare parts, and more.
Liabilities insurance in residential buildings
Our PREMIUM residential buildings insurance covers the liability of owners of flats, residential and non-residential premises:
- Liability against third parties
- Liability between owners within a residential building
- Liability for damages arising from the operation of a household.
Additionally, associations of flat owners may also receive liability coverage related to the administration and net financial damage.
Non-stop assistance services
We provide continuous 24/7 assistance, covering the cost of:
- Technician arrival at the accident site
- Elimination of the causes of the accident
- Small material costs
- Protection of unsecured property
- Transportation of movables to a warehouse outside the insured location
What others said about our insurance
We welcomed the fact that PREMIUM Insurance Company introduced innovation in residential building insurance by creating a single, comprehensive product. Its coverage protects the property of owners who have already invested significant amounts in their residential buildings. Flat owners particularly value the quick processing of claims and the full payout of insurance benefits. Switching to this insurance company was a very successful decision on our part.
managing director of a management company, Snina