An overview from the base cover to the riders – by content, without premium figures. The exact scope differs by insurer: the policy terms always prevail.
The backbone everything builds on – details: fire and natural perils.
These carry most of the claims statistics – start here: water damage.
Not every building needs everything – a good package is tailored to the building.
The categories are indicative: insurers group covers differently (what is base cover with one may be a rider with another). That's why it's worth comparing them by content.
| Cover | What does it protect? | The good question to ask |
|---|---|---|
| Fire and natural perils | The structure against the large, rare losses | Exactly which perils are on the list? |
| Water damage from pipes | Burst pipes, leaks, blockage floods | Are exploration and restoration included? |
| Storm and roof leaks | Storm damage to roof, façade, flashing | How is poor maintenance treated? |
| Glass breakage | Stairwell windows, entrance doors, shared glazing | With what limit and deductible? |
| Building liability | When the building damages residents or outsiders | How high is the limit, and who does it cover? |
| Burglary and damage | Break-in and vandalism losses in common areas | What counts as a “common area” in the terms? |
| Lifts and systems | Machinery-type damage to lifts, boilers, pumps | Is a maintenance contract a condition? |
| Solar panels | Damage to rooftop generation systems | Is their declared value part of the sum? |
| Vandalism | Criminal damage and graffiti on the building | Is there an annual limit and per-event deductible? |
| Special perils | Earthquake, flood and peers – under their own rules | What exclusions and waiting periods apply? |
The table is indicative and doesn't replace reading the policy terms – the crash course helps with that.
Condominium insurance protects the common property. The flats' own contents and private property belong to the residents' home insurance – the boundary is covered in home insurance vs. building insurance, and the flats' own cover at lakas.biz (in Hungarian). If the building is under renovation, the construction-period risks are their own genre: see the renovation article and epites.biz (in Hungarian). The property manager's professional (officer's) liability is not building liability either – that is the territory of felelosseg.biz (in Hungarian).
Free of charge, no obligation – by the end you will see the options and the next step clearly.