e-richard wrote:1. Intasure Policy seems to include earthquakes with no additional penalty for Portugal.
2. Building insurance should be covered by condo fees.
Intersting point but how would 2 work e-r? if one owner was careless and left doors unlocked and was burgled and the insurance policy increased in cost would everyone be liable?
if an owner let his property out to particulary nasty renters who say in a worse case scenario caused a major fire would the other owners be involved in insurance increases?
and finally if there is no condo fees yet in place - non yet in colina verde as the builder is still paying the pool/garden costs who would be liable - hardly the builder.
I don't know the answer to these questions, merely trying to be devils advocate in this case.
agree with polli62 on cost of intasure. I dont particulary regard a renewal notice for €185 for a one bed apt to be cheap. when you contact them re value of property they just inform you that they cover all property up to a value of 1million, so again agree with polli62 on that score, and as my property isn't even ballpark worth that they are probably the wrong insurer for my purposes. am going to try abbeygate as I seem to recall another member of forum recommending them. they appear to be based in spain but hopefully their policies are in plain english. I don't like that instasure clause where 48 hours classes as unoccupancy from november to march inclusive.I assume their earthquake cover is hh913- subsidence, heave & landslip - if so the excess is €1,000. normal excess for my policy is €150 for both buildings and contents.