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Administrative Committees Package


Significant Features and Benefits

Material Damage

Cover for loss or damage by an accidental physical cause occurring during the period of insurance to Jointly Owned Building.

Insured Perils: Fire, Lightning, Earthquake

Material Damage Cover may be extended to include the value of the Individually Owned Units of the Jointly Owned Building. A separate Insurance Certificate for each Owner is issued.

Public Liability of the Administration Committee

Protects against legal liability of the Administration Committee as a Legal Entity for bodily injury to third parties and damage to their property up to €170.000.

Liability of the members of the Administration Committee

Covers any wrongful act of the members of the Administration Committee in their performance of duties up to a limit of €8.500.

Wrongful act means any actual or alleged act, error, omission, misstatement, misleading statement, misleading conduct, neglect or breach of duty.

Optional Insurance Covers
Named Perils Extension

Fire, earthquake, lightning, explosion, aircraft, riot, civil commotion, strikes, storm or flood, escape of water, impact, malicious damage

Other Extensions

Additional Expense of Alternative Accommodation and Loss of Rent, Debris Removal, Professional Fees, Underground Services, Trace and Access

Accidental Glass Breakage Extension

Coverage for accidental breakage of glass.