Insurance for real estate, buildings and communities

ASSAP’s property, buildings and community insurance is a comprehensive multi-risk insurance that covers all critical aspects of the building: from the structure and façade to the electrical and water installations, and includes floors, doors and windows. Each policy is tailored to meet the specific needs of each property and ensures complete and effective protection.

This insurance is essential and mandatory for property owners, and protects their assets and their liability towards other residents.

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What does property, buildings and community insurance consist of?

Property and community insurance protects buildings and developments against problems and incidents in common areas. It covers damages to third parties due to incidents related to the community, such as problems with elevators, gardens or stairs.

What does real estate, buildings and communities cover?

Coverages included

With and without deductible *

Broken glass

It covers the replacement costs of broken windows and glass. For example, if a tree falls and breaks the windows in the community hall, we will replace the damaged glass.

Temporary uninhabitability

It covers the costs of rehousing the building’s residents if the property becomes uninhabitable due to a disaster such as a fire or flood.

Fire, explosion, smoke or soot

This coverage covers damage and repairs required to your building as a result of fire, explosions, and secondary damage caused by smoke and soot.

Atmospheric phenomena

This coverage provides comprehensive protection against damage resulting from adverse weather conditions, lightning strikes, floods, collisions and the effects of sonic waves. For example, it covers the repair of a facade damaged by a severe storm.

Electrical damage

It supports damage to electrical systems and appliances caused by electrical anomalies, such as repairing the building’s electrical system after a short circuit.

Breakage of sanitary elements

It covers the repair or replacement of communal sanitary elements, such as sinks or toilets in the event of breakage.

Total ruin

It protects against serious material damage caused by works that affect the stability or resistance of the building. If an authority declares the building to be in total ruin and orders the evacuation of the property, this coverage responds to these circumstances.

Vandalism

This coverage protects you against intentional damage to property by third parties, such as graffiti or damage to exterior lighting, and covers the cleanup and repair costs necessary to restore affected areas to their original condition.

Water Damage

This coverage includes locating and repairing water leaks, as well as repairing any damage they cause to common areas or individual properties within the community.

Theft and plunder

It protects against theft of property in common areas of the building or community, as well as against acts of looting, and ensures the replacement or repair of stolen or damaged items.

Civil Liability, Bonds and Defense

Provides legal assistance and coverage of litigation expenses, such as legal defense of the community in the event of an accident on the premises that causes injury to a resident.

Additional coverages

Key replacement

In the event of loss or theft of keys, this coverage covers changing locks and replacing keys to ensure your safety and peace of mind.

Employee infidelity

This coverage provides financial security to the property owner in the event that an employee commits fraud, theft or any other form of dishonest conduct that results in financial harm to the building or the community of owners.

Machinery breakdown

This coverage protects against failures in machinery essential to the operation of the building, such as heating systems, elevators or generators, due to unexpected breakdowns, and includes the repair or replacement of the affected equipment.

* Coverage and services are subject to the terms and conditions applicable to your insurance. This section has no contractual value.

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