More and more buildings have foreign owners, and more and more Hungarian owners handle their affairs in an international setting – a bilingual core vocabulary comes in handy. Thirty term pairs from the world of condominium insurance: the English expressions with their Hungarian counterparts, each with a short note wherever the translation on its own could mislead. For what the terms mean: glossary.
In short:
- 30 EN–HU term pairs in a table – with a separate note on the false friends.
- The English rendering of the Hungarian condominium concepts (közös képviselő, SZMSZ) is an approximation: the Hungarian legal content prevails.
- This English mirror of the site is for international owners: the language switcher is in the header.
The dictionary
| English | Hungarian | Note |
|---|---|---|
| condominium / building community | társasház | the Hungarian legal form is a distinctive one – the translation is an approximation |
| building insurance | épületbiztosítás | |
| common property | közös tulajdon | |
| private (individual) property | külön tulajdon | |
| property manager / common representative | közös képviselő | an office in its own right, not just a “manager” |
| general meeting | közgyűlés | |
| resolution | (közgyűlési) határozat | |
| deed of foundation | alapító okirat | |
| organisational and operational rules (SZMSZ) | szervezeti-működési szabályzat | |
| sum insured | biztosítási összeg | |
| rebuild value / reinstatement value | újjáépítési érték | not the market price! |
| underinsurance | alulbiztosítás | |
| proportional (pro-rata) settlement | arányos térítés | |
| deductible / excess | önrész | |
| limit (sub-limit) | limit (rész-limit) | |
| indexation | indexálás, értékkövetés | |
| policy anniversary / renewal date | biztosítási évforduló | |
| notice period | felmondási idő | |
| policy terms and conditions | biztosítási feltételek | |
| exclusion | kizárás | |
| named perils | nevesített kockázatok | e.g. the natural perils list |
| water damage (from pipes) | vezetékes vízkár | |
| riser (pipe) | strang | the Hungarian word is of German origin |
| storm damage | viharkár | |
| glass breakage | üvegtörés | |
| burglary | betöréses lopás | |
| vandalism | vandalizmus, rongálás | |
| (building) liability insurance | épület-felelősségbiztosítás | |
| claim / claim report | kárigény / kárbejelentés | |
| insurance broker | (biztosítási) alkusz | an independent intermediary – not a tied agent |
The translations are for guidance only; the Hungarian legal and insurance content prevails. The full Hungarian version of the site is available from the language switcher in the header.
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This article is for information purposes only and does not constitute an offer or insurance advice. The exact terms are always governed by the insurers' current policy conditions.
