Download our PREMIER Jointly-Owned Buildings Insurance leaflet
A Management Committee of a Jointly Owned Building has a legal obligation under the law to insure and always keep insured the jointly-owned building against fire, lightning and earthquake. It is underlined that the obligation under the law is to insure the entire jointly-owned building and it is not limited only to common areas or the jointly-owned property.
Based on our long-standing experience in property insurance, we have created the PREMIER Jointly – Owned Buildings Insurance Policy, a pioneering insurance product that not only meets the legal requirements of the Immovable Property (Tenure, Registration and Valuation) (Amending) Law of 1993 but also provides insurance coverage so as to safeguard the interests of our customers against risks that, based on statistics, are also likely to arise in building premises.
Please refer to the attached leaflet above for getting a short preview of the insurance cover provided and contact us for a specific quotation.
This description of the insurance must be regarded only as an outline. The policy is a legal document and as such defines the insurance in precise terms. A specimen policy is available on request.