What is residential fire insurance in condominiums and how does it work?
Posted: Wed Feb 19, 2025 5:46 am
Understand the mandatory nature and operation of fire insurance in condominiums, which covers damage caused by fire in common and private areas. Learn how to contract it, coverage and what to do in the event of a claim.
fire insurance
INDEX
What is it?
How does it work?
What does fire insurance cover?
Who pays the fire insurance cost?
Can you have more than one active fire insurance policy under the same contract?
Can I take out fire insurance for my rental property?
Who can claim insurance if the property is rented?
How much does fire insurance cost?
How to activate fire insurance?
Home fire insurance: is it worth it?
Residential fire insurance in condominiums covers damage mexico telegram data caused by fire in common and private areas, and is mandatory and contracted by the condominium manager. It works by reimbursing the costs of repairing material damage caused by fire. Find out more!
In Brazil, purchasing fire insurance for condominiums is a legal requirement set out in the Civil Code, more specifically in article 1,346.
This legislation determines that the condominium manager is responsible for contracting and maintaining insurance that covers damage caused by fires in the common and private areas of the condominium.
The obligation aims to guarantee the protection of residents and the preservation of collective heritage .
In this article, we will cover in detail what residential fire insurance is , how it works, what its coverage is and who is responsible for paying the insurance amount.
We will also discuss whether it is possible to have more than one active insurance policy, purchasing insurance for rented properties, who can activate the insurance in different situations, the estimated cost of this protection and how to proceed to activate the insurance in the event of a claim.
fire insurance
INDEX
What is it?
How does it work?
What does fire insurance cover?
Who pays the fire insurance cost?
Can you have more than one active fire insurance policy under the same contract?
Can I take out fire insurance for my rental property?
Who can claim insurance if the property is rented?
How much does fire insurance cost?
How to activate fire insurance?
Home fire insurance: is it worth it?
Residential fire insurance in condominiums covers damage mexico telegram data caused by fire in common and private areas, and is mandatory and contracted by the condominium manager. It works by reimbursing the costs of repairing material damage caused by fire. Find out more!
In Brazil, purchasing fire insurance for condominiums is a legal requirement set out in the Civil Code, more specifically in article 1,346.
This legislation determines that the condominium manager is responsible for contracting and maintaining insurance that covers damage caused by fires in the common and private areas of the condominium.
The obligation aims to guarantee the protection of residents and the preservation of collective heritage .
In this article, we will cover in detail what residential fire insurance is , how it works, what its coverage is and who is responsible for paying the insurance amount.
We will also discuss whether it is possible to have more than one active insurance policy, purchasing insurance for rented properties, who can activate the insurance in different situations, the estimated cost of this protection and how to proceed to activate the insurance in the event of a claim.