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Question

I recently bought an apartment. The bank asked for the fire insurance certificate which the syndic sent to them.

I'm guessing that this covers if the apartment or building burns down, but I'm just wondering if apartment owners typically have a second individual insurance policy for break-ins / other types of damage etc?

Eric Ash

I have been an insurance Director in Belgium for 30 years.

In a building, the syndic insures the building against fire on behalf of all owners. This coverage should be checked properly to see what is covered and what is excluded.

You may then purchase a fire and extra perils from an insurer for what is not covered or insufficiently covered by that policy (special fittings you may have in the apartment, value which can differ between actual value of your apartment and your proportion in the "millièmes" in the co-ownership and of course your own content: furniture, clothes, washing machine, computer,....)

Hope this assist and otherwise contact me at ecccg@skynet.be

Nov 19, 2016 18:15

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